Kejora opens Bangkok office

The venture capital firm is opening the office to help set up a tech community in Thailand’s capital.

Jakarta-headquartered venture capital firm Kejora Ventures has expanded its operations in South-East Asia with a new office in Bangkok, according to a company statement.

The firm’s founding partner Sebastian Togelang says Bangkok is a natural extension of their vision to set up a tech community in the region. “We see a lot of potential in the tech start-up scene in Thailand and want to be at the forefront of supporting corporate innovation in the country,” Togelang said.

The Bangkok office will be headed by Phengphian Laogumnerd, a venture partner at Kejora Ventures.

The firm is currently in market with its latest venture capital fund, Kejora Star Capital II Fund, which was launched early this year and held a first close last month on $80 million against a $240 million target.

Investors in the fund include the Barito Pacific Group, the Charoen Pokphand Family and Hubert Burda Media.

Capital from the fund has already been invested in six start-ups: financial services company C88Fintech Group, HR portal Qareer Group Asia, logistics platform Etobee, peer-to-peer lending marketplace Investree, payments app Pawoon and finance platform MoneyTable.

Its predecessor fund 2013-vintage $26.3 million Kejora Star Capital I is currently performing at a 200 percent IRR and has over 20 investments in in its portfolio, Kejora said in a statement.

Kejora was founded in 2014 and invests in growth technology companies in the region. Aside from Bangkok, the firm has offices in Singapore, Manila and Jakarta, where it hosts 350 start-up founders from Indonesia.