Who we are and what we do ?

True Incube CVC is the venture capital arm of True Corp., the leading TMT company in Thailand. Since its inception in 2016, True Incube CVC has acquired minority stakes in both local and foreign startup companies with a strong focus on digital content & Media, and TMT. As a strategic investor, we invest in companies that are strategically relevant to the True Corp. and/or CP Group business. In return, we offer entrepreneurs access to business expertise, technical infrastructure and marketing channels – in addition to financial support.

True Incube CVC has a dedicated Venture Investment Committee, ensuring lean governance and swift decision processes. The core investment team works closely with a network of divisions’ managers. The latter help on deal-flow screening activities, introductions inside the business units, due diligence and facilitating the relationship between True Corp. and the portfolio companies. 

Scouting for new technologies

Our True Incube Ventures Fund invests in state-of-the-art technologies that are of strategic importance to True Corp. and/or CP Group from a technological, commercial, or operational point of view. Our aim is to strengthen relationships with innovative suppliers and technology partners from around the world. We typically invest at an early stage just after or simultaneously to True Corp.’s first contractual relationship with the start-up. We are particularly open to situations where True Corp. could become a distributor of the start-up’s products and therefore acts a strong local partner in the case of a foreign start-up. We are also keen on situations where True Corp. is amongst early customers so that we can add value during the critical proof-of-concept phase, e.g. liaising between True Corp.’s internal customers and the start-up, using True Corp. references to support business development with other provider.

Verticals of high interest:

-Big Data Analytics & AI
-IoT & Automation
-Tourism Tech
-Digital Health

Let's talk

If you’re passionate enough to disrupt digital technologies, business models and shape the future of customer experience, how about joining forces and change the world together? Let us know about your project and we’ll get back to you within 30 days.