Founded in 2016, Beacon VC is a wholly-owned corporate venture capital fund of Kasikornbank PLC (SET: KBANK), a leading commercial bank in Thailand with highest mobile penetration and largest SME base. With 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 lifestyle and deep technology sectors such as artificial intelligence (AI) and enterprise IT. In 2018, Beacon VC expanded its fund size to $135 million.