AddVentures

AddVentures is the corporate venture capital arm of Siam Cement Group, the Thai industrial conglomerate, headquartered in Bangkok. The fund writes Series A and Series B checks in the $1M to $5M range, focused on B2B enterprise technology and digital tech that connects to SCG’s industrial, materials, and packaging value chains. Within healthcare, AddVentures has shown selective interest in digital health, but the firm is fundamentally an industrial-conglomerate strategic investor rather than a healthcare specialist, and AI is not a defining lens for the fund. The strategic value comes through SCG’s operating ecosystem, which spans cement, packaging, chemicals, and increasingly logistics and supply-chain technology, and which can be relevant for healthtech founders building hospital infrastructure, medical packaging, or supply-chain solutions for the healthcare industry. The geographic focus is Thailand and broader Southeast Asia, with SCG’s regional reach giving the firm sourcing and partnership infrastructure across Vietnam, Indonesia, the Philippines, and Cambodia. The right founder profile is a B2B enterprise technology founder whose business model genuinely benefits from partnership with an industrial conglomerate, ideally with an angle that connects to packaging, supply chain, or hospital infrastructure rather than pure clinical software. The wrong fit is a clinical AI platform, a consumer health brand, or a deep-science biotech; AddVentures is not where those bets live. The right entry path is through Bangkok corporate-development networks, through SCG’s broader operating ecosystem, and through warm introductions from regional co-investors. Cold inbound is feasible but yields slowly. When pitching, lead with the strategic fit to SCG’s operating businesses and quantify the partnership value, then connect to the standalone commercial trajectory. Avoid pitching as a generic regional check; the strategic logic is the differentiator. Caveats: as with any conglomerate CVC, strategic priorities can shift, and founders should structure terms with normal venture optionality rather than excessive exclusivity. Use AddVentures when SCG partnership genuinely accelerates the business by years, not as a default Southeast Asian check.