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The Venture Codex

Beacon Venture Capital

23rd floor KASIKORNBANK Head Office, 1 Rat Burana 27/1, Bangkok, 10140, Thailand

Overview

Founded in 2017, Beacon VC is a wholly-owned corporate venture capital fund of Kasikornbank PLC (SET: KBANK), a leading commercial bank in Thailand with the highest mobile penetration and largest SME base. With an initial fund of $30 million, Beacon VC focuses on strategic investments in early to growth-stage technology startups covering not only financial technology (fintech) but also consumer internet and enterprise technology such as artificial intelligence (AI) and enterprise IT. In 2018, Beacon VC expanded its fund size to $135 million.

Total investments
10
Lead investments
5
Investments · 12mo
2
Active investors
3

Sector focus

  • Finance
  • Financial Services
  • FinTech
  • Venture Capital
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Investment portfolio

  • QE-Labs

    Led · Series A · Dec 2025

    QE-Labs is a Singapore-based technology company specializing in electroluminescence (EL) imaging for photovoltaic module inspection. Its integrated hardware-software platform combines autonomous drone flight scanning, automated inspection planning, and EL data acquisition and analysis. By rapidly identifying cell and module defects, the system aims to improve the efficiency and accuracy of solar farm operations and maintenance. The company positions its solution as a way to reduce downtime and maintenance costs for large-scale PV installations. Proceeds from its latest financing will support continued technology upgrades and the expansion of engineering and commercial teams. QE-Labs also intends to accelerate its go-to-market efforts across the broader Asia-Pacific region.

  • WIZ.AI

    Led · Series B · Nov 2025

    WIZ.AI develops enterprise-grade voice agents that leverage large language models to handle customer interactions across multiple channels with natural, locally accented speech. Its platform emphasizes strong security and elastic scalability so large organizations can rapidly adjust usage as demand shifts. The company is now accelerating work on an Artificial General Intelligence (AGI) platform and building comprehensive AI Partner Solutions tailored to Southeast Asian markets. Fresh capital will also support strategic expansion into additional emerging markets. By refining models to understand complex local dialects and cultures, WIZ.AI aims to set a new standard for enterprise customer communication. The startup has attracted backing from leading regional and global investors, underscoring confidence in its technology and market position. Its most recent Series B round brought in more than US$10 million to fund these growth initiatives.

  • Neutreeno

    Participated · Seed · Oct 2024

    Neutreeno, a University of Cambridge spinout, provides a digital system built on proprietary process networks and mass-and-energy flow research to map product lines and identify emissions-reduction actions across thousands of suppliers. Its platform reduces the primary data burden on suppliers and automatically pinpoints solutions that cut emissions and costs faster and with greater precision than existing tools. Neutreeno counts customers across Asia, Europe, and North America, including S&P 500 and FTSE 250 companies as well as a range of SMEs. The company demonstrated a 35% emissions-reduction potential across Scope 1–3 for one supplier and identified actionable changes in just four weeks. Neutreeno positions itself to democratize emissions reductions for millions of businesses and accelerate industry decarbonization at scale. The company recently raised a $5 million Seed round to support its growth and commercialization.

  • ION Energy

    Led · Equity · Apr 2024

    ION is a Thai solar startup focused on clean energy solutions. The company's core offering is solar-based clean energy solutions. Beacon VC and SUN Group invested $3 million in the company. The funding is intended to help ION expand its clean energy solutions. The article does not provide operating metrics such as revenue or user numbers. The startup is identified as being based in Thailand.

  • Alodokter

    Led · Equity · Feb 2024

    Alodokter began as a telemedicine and doctor-appointment service and has expanded into a comprehensive digital health platform. Its offerings now include health education, an online pharmacy called Aloshop, and an insurtech product Aloproteksi (in partnership with Sequis and Cermati). The company acquired Diary Bunda, a pregnancy-tracking app, from investor Marubeni as part of its expansion. Alodokter reported reaching profitability in 2023 and is targeting higher profitability in 2024. Telemedicine contributes roughly 30%–40% of its monthly revenue, with the remainder coming from bookings, Aloshop, Aloproteksi, and content/advertising. It competes in Indonesia with players such as Halodoc and Good Doctor Indonesia. Alodokter provides an end-to-end digital healthcare platform that includes reliable health content, telemedicine with general practitioners and specialists, online doctor booking, e-pharmacy and affordable insurance packages. The company reports more than 30 million monthly active users, over 43,000 certified doctors and connections to roughly 1,500 hospitals and clinics, serving millions of patients in Indonesia. Founded in 2014 by Nathanael Faibis and Suci Arumsari, Alodokter has positioned itself as a healthcare superapp focused on digitizing patient access and provider services. The company plans to use new funding to further expand and digitize the healthcare ecosystem, develop new products, and add features and functionalities. Key operational priorities include technology innovation, increasing the talent pool, and integrating the platform with state-owned enterprises to broaden tech-enabled healthcare access. Alodokter operates an online platform offering health information and enabling users to interact with qualified doctors. The company was founded in May 2014 by Nathanael Faibis and is based in Jakarta, Indonesia. According to the company, the platform attracts more than 1 million monthly unique visitors. Alodokter raised a seed funding round (amount undisclosed) to support growth. The company intends to use the funds to expand its operations and grow its base of doctors. The platform’s core product centers on accessible health information and doctor–patient interaction online.

Team

  • Joy deLeon

    Senior Investment Manager

    LinkedIn
  • Phraeophan Sarochwimolsin

    Vice President - Partnership

    LinkedIn
  • Thanapong Na ranong

    Managing Director

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