SCB 10X

SCB 10X is the venture building and investment arm of Siam Commercial Bank (SCB), one of Thailand's largest financial institutions. Established in January 2020, its primary mission is to foster innovation and create new growth engines for SCB and the broader digital economy. Operating as a holding company, SCB 10X functions as both a venture capital investor and a venture builder, actively developing its own startups while also investing in promising external technology companies globally. This dual approach allows them to both participate in and shape the future of financial services and emerging technologies.

The firm strategically focuses on disruptive technologies, with a strong emphasis on blockchain, decentralized finance (DeFi), artificial intelligence (AI), and deep tech. Their investment thesis centers on identifying and supporting companies that are at the forefront of digital transformation, aiming to build a robust ecosystem of next-generation ventures. SCB 10X has made notable investments in leading global blockchain and Web3 projects, including stakes in companies like The Sandbox, Nansen, and previously, Ripple and Sky Mavis (creators of Axie Infinity). Their commitment to the digital asset space is significant, having reportedly committed over $100 million to blockchain and digital asset investments by early 2022.

SCB 10X typically invests across various stages, from early-stage seed rounds to more mature Series A and B funding rounds. While specific check sizes can vary widely depending on the stage and opportunity, their investments generally range from several hundreds of thousands of dollars for nascent projects to multi-million dollar commitments for more established growth-stage companies. They seek to be strategic partners, leveraging SCB's extensive network and resources to support their portfolio companies' growth and market penetration, particularly within Southeast Asia. Their proactive investment strategy underscores their ambition to remain at the cutting edge of technological innovation and maintain a competitive edge in the evolving financial landscape.