About Us

Thip Capital is the Family Office of Pikulthong Group, a Thailand-based holding company with a presence in Real Estate and Agriculture. Founded in 2018 by sisters Supisa and Chawimon Larbprasertporn, Thip Capital was born from a shared belief in the transformative power of technology. We see its potential to foster inclusive growth, unlock new economic value, enhance industry efficiency, and create sustainable impact across industries and society.

We are a tech-focused private fund of funds with a core focus on early to growth-stage companies. Our approach combines investments in leading venture capital funds with selective co-investments alongside partner VCs, venture studios, and incubators. Guided by a global perspective, our portfolio is well-diversified across the US, Europe, Southeast Asia, and Australia.

Strategic Focus Areas

At Thip Capital, we are sector-agnostic with a global lens, backing bold founders from pre-seed to growth stage. Our investments range from the near-term scalability of consumer and B2B SaaS to the high-impact potential of ready-to-commercialize deep technologies.

We look for ventures with strong product-market fit and a clear path to real-world adoption—whether it’s a low-friction, tech-enabled solution or a leapfrog innovation shaping the future of climate, health, food systems, or AI-powered technologies.

Our strategy is rooted in intentional diversification—across geographies, technology maturity, and stages of growth. We co-invest alongside top-tier venture funds whose convictions we share: a commitment to backing exceptional founders, championing solutions with societal relevance, and advancing technology that addresses meaningful, real-world challenges.

By balancing near-commercial technologies with longer-horizon deep tech innovation, we aim to shape a resilient and future-forward portfolio grounded in purpose, performance, and global perspective.

Thip Capital Way

We invest through a networked model— selecting top-tier venture capital funds whose strategies, disciplines, and values align with our own. These partnerships provide early access to frontier technologies and exceptional founders across global ecosystems. Through them, we support a wide spectrum of innovation— from early signals to scaled solutions.

Our co-investment strategy is grounded in active collaboration: we share select opportunities with our partner funds when a startup shows strong potential and aligns with their sector expertise and investment focus.

We also selectively co-invest alongside them. At the early stage, we look for companies with well-established product-market fit that are seeking capital to scale rapidly. At the growth stage, we target market leaders within their incumbent sectors that have demonstrated strong traction and are raising capital to expand into new markets or adjacent verticals.

We take an observant and long-term view. As part of our ongoing stewardship, we track the performance of underlying portfolio companies and evaluate opportunities to deepen our support through later-stage co-investments. This dynamic, layered approach allows us to stay attuned to innovation as it matures— helping us back solutions not just with potential, but with enduring impact.

Portfolio Highlights

We are proud to support a growing portfolio of companies driving meaningful change across sectors and geographies.

From AI to climate, healthcare to frontier SaaS—these ventures represent the diversity, ambition, and impact we stand behind.

Canva

Empowering the world to design—beautifully, simply, and at scale.

A global design platform used by over 170M people and 90% of the Fortune 500, Canva is redefining visual communication across industries with a $32B valuation as of late 2024.

Nothing

Design-led consumer tech shaping the future of hardware.

Backed by GV and EQT, Nothing has crossed $1B in lifetime sales through its AI-enabled smartphones and signature transparent devices.

Kredivo

Digital credit infrastructure powering financial inclusion in Southeast Asia.

Serving millions across Indonesia and beyond, Kredivo delivers instant credit access and embedded finance—reaching a ~$1.6B valuation after its $270M Series D in March 2023.

Exo Imaging

Reinventing ultrasound with AI-powered, handheld imaging.

Exo has raised over $460M, with growing strategic interest, to transform medical imaging and diagnostics by combining AI, nanotechnology, and handheld hardware.

Relay

Modern financial operations for frontline teams.

Relay is reimagining business banking for SMBs, trusted by thousands of growing companies and backed by top-tier VCs.

HaloDoc

Indonesia’s leading digital health platform for telemedicine, pharmacy, and diagnostics.

Backed by Astra, Temasek, and Novo Holdings, HaloDoc serves over 20 million users monthly—connecting them with 20,000+ doctors and 5,000 pharmacies across Indonesia.

Terra CO₂

Low-carbon cement, built for real-world scale.

Terra CO₂ secured a $124.5M Series B in July 2025 to scale its patented OPUS low-carbon cement, designed to replace up to 40% of Portland cement and reduce CO₂ emissions by 70%.

Cloudsmith

Trusted infrastructure for secure software delivery.

A cloud-native package management platform used by DevOps teams to securely distribute software at scale—fueling 150% ARR growth and new enterprise wins, including Fortune 500 clients.

AM Batteries

Enabling lithium-ion battery manufacturing without solvents.

Backed by Toyota and Porsche Ventures, AM Batteries is pioneering solvent-free battery manufacturing—cutting emissions by ~40% and enabling faster, cleaner energy storage at scale.

Akin

AI that understands you—designed for human connection.

Akin builds frontier AI with emotional intelligence, designed to perceive human emotion and adapt empathetically, supporting well-being from eldercare to astronaut companionship at NASA.

Quantum Brilliance

Portable quantum computing for real-world impact.

Backed by leading research institutions, Quantum Brilliance is deploying the world’s first room-temperature diamond quantum accelerators. Its QB-QDK 2.0 launched in mid-2025 and is now live in Germany.

Igloo

Full-stack insurtech bringing affordable protection to underserved markets.

Partnering with Grab, Shopee, and Gojek, Igloo delivers embedded insurance to over 75 million users across Southeast Asia—leveraging AI-powered tools to personalize and scale coverage across digital platforms.

Contact Us

1771 New Petchaburi Road, Bangkapi, Huaykwang, Bangkok 10310, Thailand