We have reached out to HUBBA Thailand’s Co-CEO and Co-Founder Amarit Charoenphan for a chat and will update this article with his insights.

Southeast Asia-focussed VC firm Ardent Capital has invested an undisclosed amount in HUBBA, a co-working space and community builder in Thailand.

The round also saw participation from few other VC firms and angel investors, including Golden Gate Ventures and 500 Startups.

The capital will be used to strengthen its current position as Thailand’s startup community builder, while helping provide more resources to under-served startups.

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Based in Bangkok, HUBBA Thailand seeks to provide a shared, community-driven workspace for startup entrepreneurs and independent workers. One can hang out with new friends, meet up with others entrepreneurs and startups, find their inner passion, work on ideas and share their dreams together as one community at the company, shared an official release.

It has grown over the years to include workshops, events, etc.

Its biggest goal is to support and help at least one Thai tech startup reach a valuation of US$1 billion by 2020.

“Thailand has the talent, growth potential, and now the funding to help build and scale homegrown companies. HUBBA Thailand’s focus on the big picture is exactly the type of vision we seek when making such investments,” said Tee Suraphongchai, Director, Ardent Capital.

Also Read: This Bangkok startup raised two funding rounds at Echelon using an app

Ardent Capital is a venture capital firm in Southeast Asia. It invests in early-stage technology companies across the region with a focus on e-commerce opportunities, but is also open to investments in other sectors.

Disclaimer: Ardent Capital is an investor in Optimatic Pte Ltd, the parent company of e27.

Photo: Bangkokstartup