Total amount raised
$8 Million
Latest funding date
4/1/2020
Location
RISE has successfully raised funding over two rounds, with notable investors including Metro Company and Srikrung Wattana Group. The platform is a leading innovation consulting firm in Southeast Asia, offering services such as open innovation, ecosystem acceleration, and leadership transformation.
Keep reading to explore the intricacies of RISE's fundraising journey and the investors backing this innovative platform.
What Is RISE?
RISE, founded in 2016, is a prominent innovation consulting firm based in Bangkok, Thailand. The company operates in the education and management consulting industries, with a focus on driving growth and sustainability through innovative solutions.
With a team of 51-100 employees, RISE collaborates with Fortune 500 companies and government organizations to align people, processes, and technology. Their services include open innovation, ecosystem acceleration, innovation strategy, venture building, innovation capability, culture building, and leadership transformation.
How Much Funding Has RISE Raised?
- Seed Round
- Amount Raised: USD 1,000,000
- Date: June 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their innovation platform and help corporates and governments innovate faster.
- Seed Round
- Amount Raised: USD 8,000,000
- Date: April 2020
- Lead Investors: Srikrung Wattana Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their corporate innovation platform and accelerate growth.
Total Amount Raised: USD 9,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Metro Company
- Details: Metro Company is a significant investor in RISE, known for its extensive portfolio in various industries. The company has a strong presence in Southeast Asia, focusing on fostering innovation and growth.
- Investment Focus Areas: Technology, healthcare, real estate
- Notable Investments: Not publicly disclosed
- Srikrung Wattana Group
- Details: Srikrung Wattana Group is a major investor in RISE, playing a crucial role in the company's seed rounds. The group is recognized for its strategic investments in emerging markets.
- Investment Focus Areas: Financial services, technology, infrastructure
- Notable Investments: Not publicly disclosed
What's Next for RISE?
RISE is poised to leverage its recent USD 8 million funding to expand its innovation programs and potentially enter new markets. This significant financial boost opens doors for developing new initiatives and enhancing existing services, positioning RISE as a key player in Southeast Asia's tech ecosystem.
Future fundraising opportunities seem promising, given the healthy investment environment and growing interest in tech and innovation sectors. However, RISE may face challenges such as competition from other accelerators and the need to maintain program quality while scaling. Navigating these hurdles will be crucial for sustaining growth and attracting further investments.
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