Adventures in capital | Bangkok Post: business

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Adventures in capital

Investment funds are sprouting up to finance Southeast Asia's rising tech companies.

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The spread of internet use in the wake of global capitalism offers one of the best chances for technology companies to access greater funds. 

A screenshot of Ookbee’s homepage taken yesterday. Ookbee, which claims to be Thailand’s largest e-bookstore, has received part of its funding from InVent, the venture capital arm of Shin Corporation. InVent last year entered into its first venture deal with Ookbeein a drive to tap the burgeoning e-book market, acquiring a25% stake for 57.8 million baht.

Last year's initial public offering of Facebook shares and the company's US$1-billion acquisition of Instagram triggered a global investment boom in tech firms, said Vitaya Arunanondchai, a partner of the newly established M8VC venture capital fund.

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