{"id":143627,"date":"2024-12-09T10:16:42","date_gmt":"2024-12-09T03:16:42","guid":{"rendered":"http:\/\/www.thestorythailand.com\/?p=143627"},"modified":"2025-02-11T10:31:11","modified_gmt":"2025-02-11T03:31:11","slug":"beacon-vc-sustainable-solutions","status":"publish","type":"post","link":"https:\/\/www.thestorythailand.com\/en\/beacon-vc-sustainable-solutions\/","title":{"rendered":"Beacon VC boosts Impact Fund for Sustainable SEA"},"content":{"rendered":"\n<p>Beacon Venture Capital Co., Ltd. (Beacon VC), announced five strategic investments through its Beacon Impact Fund in 2024. With a total fund size now exceeding USD 13 million, or approximately THB 455 million, this milestone underscores Beacon VC\u2019s commitment to fostering sustainable solutions that not only enhance sustainability in Southeast Asia but also make tangible progress in expanding into key markets globally.<\/p>\n\n\n\n<p><strong>Thanapong Na Ranong<\/strong>, Managing Director of Beacon Venture Capital Co., Ltd. (Beacon VC), said, \u201cAs the corporate venture capital arm of KBank, Beacon VC is steadfast in its mission to drive innovations that deliver societal and environmental impact. We are moving forward to collaborate with like-minded organizations to build a sustainable future for Thailand through the Beacon Impact Fund. This fund, aligned with KBank\u2019s sustainable financing and investment initiatives, focuses on direct investments in startups or through profit-seeking venture capital funds globally that develop impactful solutions across various ESG dimensions, with the potential for widespread scalability\u201d.<\/p>\n\n\n\n<p>To date, the Beacon Impact Fund has deployed a total of USD 13 million, or approximately THB 455 million, in sustainable investments. These investments are focused on driving innovative solutions in key ESG areas, including decarbonization, climate technology for climate and environmental sustainability, and financial inclusion. <\/p>\n\n\n\n<p>This marks a significant step in the fund\u2019s commitment to promoting sustainability and economic growth, not only in Southeast Asia but also in other regions. In 2024, the Beacon Impact Fund reached a milestone with the announcement of five strategic new investments:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Neutreeno<\/strong>: a UK-based startup focused on helping organizations worldwide trace and reduce their <strong>Scope 3<\/strong> greenhouse gas emissions, which encompass emissions from the supply chain, especially <strong>Scope 1 and 2<\/strong> emissions within the organizations. Through its precise carbon data analysis algorithms, Neutreeno provides organizations with a comprehensive view of their carbon footprints and allows them to identify strategies for holistic decarbonization. Neutreeno\u2019s solutions are designed to help organizations of all sizes achieve <strong>carbon neutrality<\/strong> goals easily and efficiently.<\/li>\n\n\n\n<li><strong>PlanetFWD<\/strong>: a US-based technology platform that helps owners of consumer products analyze the environmental impact of each individual product (SKU) through <strong>a Life Cycle Assessment (LCA)<\/strong> process. This allows them to track the carbon footprint at every stage of the product\u2019s lifecycle, from production to distribution. Furthermore, PlanetFWD provides definitive recommendations on how to reduce greenhouse gas emissions for each product, enhancing transparency in sustainability data, which will empower manufacturers to effectively achieve their environmental goals.<\/li>\n\n\n\n<li><strong>Majoo<\/strong>: an Indonesian startup offering a comprehensive business management platform for micro, small and medium-sized enterprises (MSMEs). This platform covers a wide range of functions, from financial management to customer relationship management (CRM). Majoo empowers Indonesian entrepreneurs to streamline their operations and gain better access to financial services, ultimately enabling them to build greater business sustainability.<\/li>\n\n\n\n<li><strong><u>Avaana Capital<\/u><\/strong>: India\u2019s largest sustainable VC fund, targeting investments in climate and environmental technologies to drive India toward achieving net-zero targets. Key focus areas include energy and resource management, sustainable transportation, and eco-friendly agriculture. This joint investment with Avaana Capital will allow Beacon VC to expand its investment footprint into India \u2013 one of the fastest growing markets \u2013 while deepening Beacon VC\u2019s expertise in clean energy development, eco-friendly transportation solutions, and sustainable agriculture.<\/li>\n\n\n\n<li><strong>ION Energy:<\/strong> a Thai startup, makes clean energy accessible with solar rooftop solutions via cost-free Power Purchase Agreements (PPA) and Engineering, Procurement, and Construction (EPC) services for homes and businesses. Its Solar Monitoring and Payment Platform streamlines energy management, tracking, and online payments through a mobile app.<\/li>\n<\/ol>\n\n\n\n<p>Last year, Beacon VC undertook operations through various collaborations and key projects, including signing a memorandum of understanding (MOU) with the Global Green Growth Institute (GGGI) Thailand. <\/p>\n\n\n\n<p>The MOU is aimed at advancing technological innovation to brace for climate change and preparing startups to organize \u2018Climate Tech Connect\u2019 and \u2018Green Gather\u2019 activities in order to build a network of participants in the ecosystem, share knowledge, and foster cooperation to amplify positive environmental impacts. <\/p>\n\n\n\n<p>Additionally, Beacon VC organized the <em>ESG Essential Reporting<\/em> workshop to enhance startups\u2019 ESG skills and sustainability reporting capabilities. Furthermore, Beacon VC actively supported female entrepreneurs through the <em>Cartier Women\u2019s Initiative 2024<\/em>, reaffirming its commitment to promoting diversity and sustainability in Thai and regional businesses.<\/p>\n\n\n\n<p>Thanapong added that Beacon VC\u2019s investments through the Beacon Impact Fund not only support KBank\u2019s sustainability strategy but also strengthen the ecosystem of technology-driven businesses aimed at addressing environmental and social issues in a sustainable manner.<\/p>\n\n\n\n<p>The focus is on additional investments in solutions that help reduce greenhouse gas emissions for both consumers and businesses, while promoting clean energy consumption, smart supply chain management, and inclusive financial access. The investments will prioritize high-growth potential innovations that are capital-efficient and adaptable to competitive environments. <\/p>\n\n\n\n<p>Additionally, Beacon VC places emphasis on solutions that advance sustainable financial inclusion, particularly for small and medium-sized enterprises in Southeast Asia. The company is ready to leverage its international investment experience to develop the ecosystem in Thailand, driving the growth of Thai startups and creating positive impacts at both regional and global levels in the future.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.thestorythailand.com\/en\/21\/11\/2024\/142322\/\">WHA Showcasing business potential, highlighting vision to become a tech and sustainable company<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.thestorythailand.com\/en\/12\/11\/2024\/141562\/\">Disrupt closes first deal, Investing in DiaMonTech, a deeptech startup<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Beacon Venture Capital Co., Ltd. (Beacon VC), announced five strategic investments through its Beacon Impact Fund in 2024. <\/p>\n","protected":false},"author":8,"featured_media":143633,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3540],"tags":[1203,7392,17301,30569],"class_list":["post-143627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sustainability-en","tag-thanapong-na-ranong","tag-beacon-vc-2","tag-beacon-impact-fund-2","tag-sustainable-solution"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Beacon VC boosts Impact Fund for Sustainable SEA - The Story Thailand<\/title>\n<meta name=\"description\" content=\"Beacon Venture Capital Co., Ltd. (Beacon VC), announced five strategic investments through its Beacon Impact Fund in 2024. 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