# Cryptomind Thailand

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cryptomind-thailand

- Industry: Business Support Services
- Headquarters: Bangkok, Thailand
- Website: www.cryptomind.group
- Latest round: Series A
- Investors on record: 3

## About

Cryptomind Thailand Ltd. specializes in providing financial services and investment products within the digital asset market, focusing primarily on Thailand and aiming for a broader Southeast Asian reach.Founded in 2018 and headquartered in Bangkok, Thailand, Cryptomind Thailand Ltd. operates in the digital asset sector, offering services such as investment advisory and consultancy. The firm has completed 2 notable deals to date, with its latest funding round being a Series A, where it raised THB 120.000 mn from investors including Aviary Asia Capital, Beacon Venture Capital, and HashKey Capital. The founders, Kannithi Tongtanagoon, Nine Baimongkol, and Sanjay Popli, have experience in the digital sector, propelling the firm’s growth and strategic initiatives.Cryptomind Group offers a comprehensive suite of financial services and investment products focused on the digital asset market, primarily in Thailand. Their core offerings include investment advisory, consultancy services, digital asset management, and education related to blockchain technology. The investment advisory services provide clients with in-depth market analyses, project fundamentals, and trading signals, catering to both retail and institutional investors. Additionally, the consultancy services assist companies in token issuance, encompassing aspects such as token economics and marketing strategies. Their digital asset management division aims to help investors optimize their portfolios in the rapidly evolving digital asset landscape. The educational services offered include workshops and private courses designed to enhance understanding of blockchain and digital assets. Cryptomind Group primarily serves clients in Thailand and aims to expand its reach into neighboring Southeast Asian markets, catering to a diverse clientele ranging from individual investors to larger institutional entities.For the most recent year, 2022, Cryptomind Group reported revenue of THB 347.9 mn, with an EBITDA of -THB 43,013.6 mn. The company generates revenue through a structured transaction framework that includes advisory fees, consultancy charges, and asset management fees. Clients typically engage with the firm through project-specific agreements, which may involve ongoing advisory partnerships or one-time consultancy projects. The pricing model for advisory services is based on a percentage of assets under management or fixed fees for specific projects, while digital asset management services may involve performance-based compensation linked to portfolio outcomes. The firm’s flagship products, such as the investment advisory and digital asset management services, are designed to cater to varying client needs, thereby facilitating diverse revenue streams. Overall, the company's revenue model is built on fostering long-term relationships with clients, ensuring consistent engagement through tailored financial services that address the complexities of the digital asset market.Cryptomind Thailand Ltd. plans to leverage the recently raised THB 120.000 mn in Series A funding to enhance its presence in the digital asset industry. The company is focused on developing new products and expanding its service offerings to meet growing market demands. Specific geographic expansion plans include targeting additional Southeast Asian markets in the near future, with the goal of increasing client engagement across the region. This strategic funding will support these initiatives, positioning Cryptomind to capitalize on the evolving digital asset landscape.

## Funding rounds

- Series A, date not disclosed — Beacon Venture Capital, HashKey Capital, Aviary Asia Capital

## Investors

- Beacon Venture Capital (https://capitalatlas.ai/funds/beacon-venture-capital) — Series A
- HashKey Capital (https://capitalatlas.ai/funds/hashkey-capital) — Series A
- Aviary Asia Capital (https://capitalatlas.ai/funds/aviary-asia-capital) — Series A