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Asia · Country profile

Thailand

Asia · Pop. 71.7M · #50 startup ecosystem by EV

A public taster of the full Thailand ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

$13.7B+44%
Combined startup EV
$181.9M
VC invested (last 12mo)
378
Tracked startups
0.04
Unicorns per 1M people
🦄 Unicorns
3
3 live · +0 new in 2025 (incl. 0 new decacorns)
💎 Decacorns
0
🐎 Thoroughbreds
2
Top 1% growth · $500M+

Adjacent ecosystems by EV

Startup hubs

Inside Thailand: top 1 startup hubs

Sub-national ecosystems ranked by combined enterprise value of all tracked startups headquartered there.

By enterprise value
1 Bangkok Metropolitan Region $13.1B
By unicorn count
1 Bangkok Metropolitan Region 3

Startup funnel

Thailand's power-law funnel

From every VC-backed startup down to the biggest scale-ups. Conversion rates show what fraction of one tier graduate into the next. Capital figures (where shown) are total VC deployed at that stage.

VC-backed startups
374
Colts ($25M+ revenue) $11.3M deployed
9
2.4% of prior tier
Unicorns ($1B+ valuation) $103.1M deployed
3
33% of prior tier

Enterprise value · 2015–2025

Thailand grew 42.5× since 2015

Combined enterprise value of every tracked startup headquartered in Thailand that's still operating today, totalled by founding-year cohort.

0 $5B $10B $15B $20B Thailand · $13.4B 2015 2018 2021 2024 2025

Vs. similarly-sized ecosystems

How Thailand stacks up

Peers chosen from the same Asia cluster within ±70% of Thailand's combined EV. The scatter plots growth × current size for the wider continent — outliers in the upper-right are ecosystems compounding fastest.

Combined enterprise value
$34.3B
$33.6B
$21.2B
$14.3B
Thailand
$13.7B
$13.3B
$12.3B
$6.1B
EV growth (5-yr ×) vs current EV
peer median 9.0× 3.2× 172.9× 342.6× $12.3B $267B $5.8T EV growth (5yr ×) Combined enterprise value (log) China India Israel South Korea Singapore Japan Hong Kong United Arab Emirates Indonesia Taiwan Türkiye Vietnam Saudi Arabia Thailand

Top overview

Asia ecosystems — combined view

Top ecosystems in Asia ranked by combined EV. Thailand's row is highlighted.

# Ecosystem Combined EV 5-yr EV growth Unicorns VC invested Tracked startups
1 China $5.8T 3.2× 479 $33.4B 24.5K
2 India $883.7B 7.1× 125 $13.9B 13.3K
3 Israel $599.9B 5.6× 128 $10.7B 4,762
4 South Korea $438.6B 15.6× 41 $8.2B 7,931
5 Singapore $359.5B 9.6× 38 $3.3B 3,900
6 Japan $255.3B 6.4× 19 $4.3B 7,794
7 Hong Kong $185.6B 13.0× 21 $3.6B 1,222
8 United Arab Emirates $79.1B 10.6× 21 $3.9B 1,553
9 Indonesia $64.8B 5.0× 12 $485.3M 1,208
10 Taiwan $59.4B 7.9× 5 $209.1M 621
11 Türkiye $55.7B 20.7× 8 $714.3M 2,031
16 Thailand $13.7B 6.2× 3 $181.9M 378

Patent intelligence

Thailand startup IP portfolio: 122 patent families

Granted patent families assigned to startups headquartered in Thailand. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.

Granted patent families
122
Filed by tracked startups headquartered in the country.
1.70 patents per million residents · #55 globally
Top patenting hubs
1 Bangkok 122

Premium analytics

What we don't show on this page (yet)

Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Thailand dataset — or see a sample on the Dealroom app.

Sector breakdown
Where Thailand's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Founder origins
Where Thailand's startup founders come from
By country of origin
Per capita
Top universities
Top alumni-factory companies
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AI talent
Top employers of AI talent in Thailand
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in Thailand
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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