Computerlogy, a Thai software development company, today announced that it has closed its Series A round from InVent, a venture capital project under the Intouch group, as lead investor. The funding is reported to be THB29 million (US$932,000) at 25 percent equity.
Founded in 2009, Computerlogy is also behind SocialEnable, a social media management platform. CEO and co-founder, Vachara Aemavat said that the capital will propel the company forward in three ways. Firstly, it will look to expand its social advertising product to the Asian market. Secondly, we can look forward to a better product with increased capabilities. Lastly, the company will scale and expand the team.
Vachara also added that they are looking to become a market leader in the social marketing software vein in Asia by 2018. He shared,
“Social media is growing at an explosive rate and It is the most important marketing tool for many brands as well. We would like to help them utilize social media more efficiently with our software and now we start the first product called SocialEnable. Currently, we manage more than 150 top brands’ fan pages in Thailand with this amazing tool and kindly get ready to meet other new products that enable social media for business and help brands increase social ROI within short.”
As part of Intouch Group’s corporate venture capital fund, InVent has an initial fund size of THB250 million (US$8 million). According to the official press release, it usually targets products and services that are related to the group’s businesses in the telecommunication, IT-related businesses and digital industries.
Check out SocialEnable here: