It aims to invest up to US$10 million for each company
Vietnam-headquartered investment firm VinaCapital has officially launched its venture fund VinaCapital Ventures with US$100 million in capital.
The VC fund will focus on Vietnamese startups and cut check sizes of between US$2 – 10 million with an unlimited holding time.
Its core vision is to help these startups build a regional presence and work with engineers, scientists, and innovators to develop market-ready or ‘disruptive’ solutions that will solve critical industry pain points.
Entrepreneurs can expect to tap into VinaCapital’s skill-diverse team, who possess expertise ranging from entrepreneurship, product marketing, operational management, and technology strategy, to developing client bases, deal-making and capital-raising.
“While manufacturing and property get most of the attention and investment in Vietnam, tech – and startups in particular – hold the greatest promise for the country,” said Don Lam, VinaCapital’s Co-founder and CEO, in a press statement.
“With VinaCapital Ventures, we look forward to working with founders to bring Vietnamese technology products to the regional market and contribute to Vietnam’s socio-economic sustainable development.”
The VC fund has already made investments in two Vietnamese startups, logistics company LOGIVAN, which aims to reduce truckload wastage; and ride-hailing platform FastGo, which offers an insurance policy for customers called “Fast Protection”.
Founded in 2003, VinaCapital manages a diversified portfolio of US$1.8 billion in assets, including capital markets, private equity, real estate, venture capital, and fixed income.
The firm has two closed-ended funds that trade on the London Stock Exchange and manages several other Vietnamese funds including Forum One – VCG Partners Vietnam Fund, the Vietnam Equity Special Access Fund, numerous segregated accounts, and two domestic funds.
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