The Thai-listed property developer, Ananda Development Pcl, has announced the launch of Ananda Urban Tech – its VC arm that will invest in funds and startups which develop innovative solutions for urban living problems. Ananda Development Pcl is the first Thai property developer to diversify into tech and innovation sector.

The initiative consists of three parts, support the ecosystem, the fund of funds and corporate venture capital. However, the company is still in the process of finalising the figure for both the Fund of Funds and the corporate venture capital fund and hopes to do it within this year.

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