RISE Corporate Innovation Powerhouse raises USD 8 million

Dr. Kid Supachai Parchariyanon, CEO and Co-founder, and Rathiya Issarachaikul, Chief Operating Officer
Dr. Kid Supachai Parchariyanon, CEO and Co-founder, and Rathiya Issarachaikul, Chief Operating Officer

RISE is looking to supercharge a tech-enabled corporate innovation platform to scale its service exponentially to help corporates, large family businesses, and government sectors region-wide to succeed in executing innovation.

 

RISE is a leading corporate innovation powerhouse based out of Southeast Asia with the bold

mission to lift up 1 percent of GDP for Southeast Asia. RISE has been working closely with leading

corporates and government agencies across the region to assist them to becoming more innovative and successful in the fast-paced future through its unique corporate accelerator, intrapreneur university, venture building services, and experiential conference.

 

Earlier this April, RISE announced that it has raised USD 8 million in Seed funding which is

considered as one of the largest Seed rounds in Southeast Asia. The lead investors include Metro

Company Limited, D2C Inc. (Japan), Chanwanich Company Limited, among others.

 

RISE will be using the fresh funds to supercharge its tech-enabled corporate innovation platform

that will enable RISE to scale its services exponentially beyond Thailand to Singapore, Indonesia,

and Malaysia, to assist corporations in these countries in transforming their businesses through

innovation.

 

“We are a Southeast-Asian-born company with a global vision to disrupt corporates’ R&D and

training landscape with the market size of USD 50 billion by leveraging from our success rooted

in Thailand and localize our service portfolios to each market’s needs,” said Dr. Kid

Parchariyanon, CEO and Co-founder of RISE.

 

Launched in 2016, RISE has been growing rapidly and aggressively. It is now hitting USD 1 billion

in impact through the effort of executing corporate innovation across the region by creating the

global ecosystem for corporate innovation, with a network of more than 400 corporations,

2,000 startups, and over 20,000 corporate innovators across the globe.

 

“The past year has been an important step for Metro Company Limited. We have over 60

companies in various industries, including digital industry, foods, real estates, construction

materials, and other investments. As such, digital transformation is an important step for our

company group. We see RISE supporting us in driving our internal innovation faster and stronger

by uncovering our new S-curve, exploring our business growth potential, through its global network

of innovation and experiences in transforming many leading organizations in Southeast Asia,”

said Mrs. Wantana Thongthai, Chairman of the Board, Metro Company Limited, a long-established company with over 50 years of history in Thailand which owns 3 stock-exchange listed companies.

 

“For us, speed is the winning key in the game of innovation. With the global network of RISE,

we strongly trust that RISE is able to connect best-in-class tech startups via its Global Accelerator

program to collaborate with our internal team in order to accelerate our innovation,”

added Ms. Keibun Go, Global Business Alliance Head of D2C Inc., a digital advertising and

marketing company established as a joint enterprise between Japan's largest telecommunications

company NTT DOCOMO Inc. and Japan's largest advertising agency, Dentsu Group Inc.

 

Besides earning trust and support from the private sector, RISE is the first Thai company to have

received the financial grants from government agencies of three countries - Thailand’s Digital Economy Promotion Agency (depa), Enterprise Singapore (ESG), and Malaysia Digital Economy

Corporation (MDEC) to support its activities since 2019.

 

“Collaboration, not competition, has always been our philosophy. We believe the collaboration

between corporates, startups, and the governments will be the driving force of the innovations in

Southeast Asia,” concluded Dr. Kid.

 

Viewed : 3417