True Incube
VC Fund
Bangkok, Thailand
True Incube is a tech incubator based in Thailand. True Incube is managed by True Corporation and is partnering with 500 Startups. Their mission is to support startups and foster Thailand's startup ecosystem. They invested in 6 teams in the first batch and they are currently incubating five teams of the second batch. Here are the benefitsthey provide for startups:- Seed fund at USD 18,000 - Intensive mentorship by group of amazing mentors in Thailand plus Mentors form 500 Startups Network- Product & Technical support and infrastructure such as Cloud Service, - Access to customer base of over 26 million in Thailand- Business matching with partners and investors - Entitled to attend Boot Camp for three months.- Co-Working Space for 3 months- Media exposure through the medias in the True Group ex. LINE channel (14 millions subscribers) - A trip to Silicon Valley for the winner
- Total investments:
- 7
- Last investment:
- Lead investor:
- 14%
Last updated:
For AI agents: llms.txt
Industries True Incube invests in
Stages True Incube invests in
Countries True Incube invests in
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Saroj Ativitavas
|
|||
4 more contacts available
Investment Focus
Industry
- FinTech 2 (29%)
- Geospatial 2 (29%)
- Machine Learning 2 (29%)
- Financial Services 2 (29%)
- Information Technology 2 (29%)
Stage
- Seed 3 (43%)
- Series A 3 (43%)
Country
- Thailand 4 (57%)
- United States 2 (29%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Saroj Ativitavas
General Manager
|
General Manager | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Lightwork Technologies
|
The hyperautomation platform streamlining integration and automation needs for businesses across Southeast Asia. | Seed / Jan 01, 2023 | |
CITYDATA.ai
|
CITYDATA.ai simulates the presence and movement of people across 9000 cities around the world. Our geospatial AI builds mobility digital replicas to quantify "how many people" and "what are the movement patterns". Our citizen apps and chatbots engage residents with contextual data for their city.CITYDATA's platformincludes these products:* CITYCOUNT.ai* CITYPARKS.ai* CITYFLOW.ai* CITYSIM.ai* CITYOPS.ai* CITYSURVEY.ai* CITYCHAT.ai* CITYSDK.ai | $2.2M / Seed / Oct 15, 2020 | |
QueQ
|
2019 1. Prime Minister’s Digital Awards 2019 – Digital StartUp of the year 2. 7 Innovation awards 2019 – Social Service Sector 3. National Innovation Awards 2019 –The best Innovation Organization 2018 1. Prime Minister’s Award National Startup 2018 : StartUp Of The Year 2. Silver Prize and Gold Medal from INTARG2018 Poland 3. SME Thailand Innoawards 2018 by SME Thailand Magazine and KBank 4. SME StartUp Awards 2018 by SME.go.th2017 1. One of 8 Asia StartUps joined Google Launchpad Accelerate Program batch 4 in San Francisco. 2. Best Smart City Solution Award and StartUp of the year from RiceBowl StartUp Award Thailand 3. Top 12 finalist of SPARK Global Acceleration Program Thailand 4. Silver Award from SIIF2017 (Seoul International Invention Fair 2017)2016 1. Winner from Thailand ICT Award (TICTA) 2016 : Start-up Company 2. Silver Award from SIIF2016 (Seoul International Invention Fair 2016) 3. Top 50 finalist of MaGIC Accelerator Program - ASEAN Startup Track 20162015 1. Runner-up award from Thailand ICT Award (TICTA) 2015: Start-up Company 2. Thailand representative for Finalists in APEC Accelerator Global Challenge 2015 in Taiwan 3. Popular award from AIS The start up 2015 4. Winner in Start it Up power it up 2015 pitching by TechSauce and Invent 5. Winner in Technology investment for SMEs conference 2015 by NSTDA driving business expansion for advertisement area. | $2.8M / Series A / Mar 29, 2019 | |
LOTaDATA
|
LOTaDATA curates geospatial ground truth data sets on a global scale. We combine public and private data for discerning customers to help them make smarter decisions. | $2.2M / Seed / Jun 05, 2018 | |
PEAK
|
PEAK (peakaccount.com) is one of the leading online accounting software provider in Thailand. We manage accounting record of almost 100,000 transactions valued over 2 billion bath per month. PEAK is a supported startup from True Incube and is invested by True, GSB, and SET. We won several awards and recognitions including winner prize for Ease ofDoing Business Solution, Design Innovation, True Incube Batch 2. We are not only providing online accounting software but we are building business infrastructure for future data-driven economy. We help SMEs in Thailand have a better accounting system and have a better chance of getting loan or money they need to expand their business. | $500K / Seed / Jun 04, 2018 | |
Omise
|
Omise is an online payment gateway offering a wide range of processing solutions for any business need. Our endeavor is to provide the best online payment experience that works seamlessly on both the mobile and the web. With a growing dynamic international team, we relentlessly work to set new benchmarks to the industry by optimizingeasy-to-integrate functionality for our partners while at the same time, narrowing the gap that staggers between the physical and online market today. Omise now operates in Thailand, Japan, and Singapore.In Thailand, online stores are still striving to have a proper payment solution because applying and implementing has never been simple and smooth. All of the major PSP’s require cumbersome documentation to apply; monthly commitments, high transaction fees and all take considerable amount of time to gain approval. Additionally, there is no good online API documentation or sandbox to test. Thus, stores drive their business by offline payment methods such as ATMs, Banks or online banking. Once shoppers have made their transactions, they have to send a proof of payment to there store via email or other social network channels. Since there is no payment notification, the store has to check the transaction manually which delays the delivery time and increases the chance of fraud. This fraud may occur by shoppers’ photo shopping their proof of payment.Since a reliable, simple and smooth online payment system has been lacking in Thailand, Omise.co founder, Jun Hasegawa and co-founder Ezra Don Harinsut, recognized the need to bridge the gap between stores and shoppers. Therefore, the Omise team has been developing a payment solution that would be available for everyone to sign up and make online payments simple, easy, smooth and possible. Omise is ideal for both developers and non-developers. Applying for Omise only requires minimal online identification, no minimum monthly commitment and low transaction fees. Stores will be able to accept payments instantly. In addition, for non-developers, accepting payments via social network will be possible for everyone! Stores are able to accept credit and debit card payments as well as bill payments which will allow shoppers to pay by their online banking accounts, ATM’s and banks. Providing the highest level of online payment security standard has always been Omise’s goal. That is why Omise has achieved PCI-DSS 3.1 compliant to meet all requirements from VISA and Master. | $2.6M / Series A / May 06, 2015 | |
Opn
|
Opn, which was rebranded from SYNQA, is a company founded in 2013 with expertise in Asia. Opn specializes in online payment, blockchain technology for fintech applications and digital transformation solutions. Opn connects people, businesses and society in innovative ways that spread the wealth of financial opportunity and provide fair and openaccess to a growing economic ecosystem under its vision of enabling access to the digital economy for everyone. Opn is powered by its payment infrastructure sister company, Omise Payment Holdings, which provides one-stop online payment solutions. Its services are used by thousands of merchants and businesses around the world. | $2.6M / Series A / May 06, 2015 |
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FAQ
What does True Incube invest in?
True Incube invests primarily in FinTech, Geospatial and Machine Learning startups, most often at Seed and Series A stage. Most of the 7 investments tracked by Shizune back companies in Thailand. The Investment Focus section breaks down every industry, stage and country in the portfolio.
How do I contact True Incube?
Public channels for True Incube include X (Twitter), the website linked on this profile and Facebook. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at True Incube?
The team at True Incube includes Saroj Ativitavas (General Manager). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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