Bangkok-based angel investor lobby Bangkok Venture Club has announced a $20 million fund to invest in startups across Southeast Asia, The funds would be raised from the club’s investor pool as well as a large global network within the next 60 days.

“Our goal will be to partner local countries with angels in making investments. We will provide the seed capital and with the local people we will also mentor these startups,” Bangkok Venture Club co-founder Mark Wolf told DEALSTREETASIA in an interaction on the sidelines of the launch of ASEAN Angel Alliance in Kuala Lumpur.

Wolf founded the club in 2014 as a group of successful investors, executives and entrepreneurs in Thailand and Southeast Asia that identifies and supports seed and early stage businesses in the region.

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