Line's corporate venturing unit, Line Ventures, will invest $20m through its ScaleUp post-accelerator, which targets Thailand-based startups.
Line Ventures, the corporate venturing unit owned by Japan-based messaging platform Line, has set aside up to $20m to invest in Thailand-based startups.
The corporate aims to develop a unicorn – a private, venture capital-backed company valued at more than $1bn – within the next three to five years, investing through its post-accelerator initiative, ScaleUp.
ScaleUp participants will gain access to Line’s 44 million customers in Thailand, as well as its messaging interface, and mentoring and coaching focused on the…
