The financing includes participation from investors such as Index Ventures, Virtual Reality Investment Fund, Greycroft Ventures and other strategic investors. Social Nation is a successful advertising technology startup co-founded by a Thai entrepreneur in the Silicon Valley. Social Nation will use the funds to accelerate its growth to achieve the goal to be the premier virtual reality and 360° video advertising and distribution platform.

The award committee selected InVent not only because of InVent's investment in national icon startups such as Ookbee and Wongnai but also the significant role InVent has played in nurturing the Thai tech ecosystem since its early days and working on the regulatory and policy issues to support VCs and startup companies in Thailand.

Playbasis, the world’s foremost mobile engagement expert, and Visa, the leader in global payments technology, today announced a strategic partnership to make Playbasis’ ‘Pay & Play’ technology available to Visa issuers and acquirers, including banks, merchants and more.