TOP EARLY-STAGE STARTUP FUNDS IN VIETNAM

Tuesday, 25/01/2022 10:14 (GTM +7)

According to Vietnam Investment Review, typical early-stage startup funds such as ITI Fund, 500 Startups Vietnam, Hustle Fund… bring many opportunities for startups to realize their business aspirations.

Golden Gate Ventures also said that Vietnam is a “rising star” and on top 3 startup ecosystems in Southeast Asia by 2022. This highlights the role of funds in improving the potential of startups.

Look at top funds in Vietnam that startups should know to develop and expand the market.

1. ITI Fund

ITI Fund (Increase – Together – Innovation FUND)is founded by 4M Group, with the vision and mission of becoming an Angel Investor, contributing to the diversified and sustainable development of the startup ecosystem in Vietnam, aiming to generate special values for the community and society.

Currently, in Vietnam, ITI Fund is expected to invest around $100.000 per project at the early stages in trending fields such as Digital, High-Tech Agriculture, Education, Healthcare…

In addition to financing, the fund also accompanies businesses in consulting and implementing strategies, bringing indirect benefits such as knowledge, management, experience, a network of relationships, etc.

ITI Fund_Quỹ đầu tư startup_Đội ngũ nhân sự

ITI Fund’s Management Board (from L to R): Mr. Le Thuc Hoai – Managing Partner; Mr. Ngo Dinh Dat – Managing Director; Mr. Nguyen Huu Thanh – Senior Finance Advisor; Ms. Nguyen Thi Tinh Tam – Chief Legal Officer. Photo by ITI Fund

Founders of ITI Fund have more than 50 years of experience operating a business that has more than 500 team members, 10,000 factories, and a global network with 10 representative offices around the world.

In addition, ITI Fund has a legal consultants team with 20 years of experience working in multinational corporations, and a financial consultants team with more than 15 years of experience.

“Start-up Together” – Working together to create outstanding values for the community – is the core philosophy of the ITI FUND

2. 500 Startups Vietnam

500 Startups Vietnam is a fund of $14 million with the goal of investing in 80 startups related to Vietnam (founded by Vietnamese and/or focusing on this market).

At the end of September 2020, 500 Startups Vietnam has invested in about 70 businesses from many fields such as Fintech, E-commerce,…

ITI Fund_Quỹ đầu tư startup_500 Startups Vietnam

Source: 500startupsvietnam

This fund also wants to create standards for Vietnam’s startup ecosystem, such as helping angel investors understand more about investing in technology, and support knowledge for founders of startups.

In addition, they want to streamline legal procedures for startups and support Vietnamese businesses to diversify investment sizes or cooperate with startups, in order to contribute to the development of innovation and creativity.

3. Hustle Fund

Hustle Fund was co-founded by Elizabeth Yin and Eric Bahn (two experienced investors of 500 Startups US) in 2017, with 2 main offices in Silicon Valley and Singapore.

This fund has accompanied about 200 technology startups in North America, Southeast Asia, and 10 startups in Vietnam.

ITI Fund_Quỹ đầu tư startup_Hustle Fund

Source: Hustle Fund

Hustle Fund not only invests in the pre-seed/seed stage but also supports the founding team to launch products and develop markets.

Some typical startups Hustle Fund has invested in such as Vietcetera, Gigantec Media, iTapHoa, and Fonos.

4. CyberAgent Capital (CAV)

CyberAgent Capital (CAV) is a fund based in Japan, with a portfolio of 155 companies in the East Asian and Southeast Asian market.

CAV has invested in various fields such as e-commerce, mobile applications, advertising,… with capital ranging from 500,000 USD to 10,700,000 USD

ITI Fund_Quỹ đầu tư startup_Cyber Agent Capital

Source: Cyber Agent Capital

Shark Dzung joined CyberAgent Ventures in 2008 and became the first representative in the Southeast Asian market. After that, he became Director of CyberAgent Vietnam and Thailand.

Currently, the portfolio in charge of Mr. Dzung has more than 25 companies in Vietnam, typically NCT, Tiki, Topica, Vexere, websosanh, Vicare, DKT, Luxstay, Jupviec, etc.

5. Genesia Ventures

Genesia Ventures is a fund that focuses on early-stage technology startups in Southeast Asia and Japan.

Based on many years of experience in Asian and Japanese markets, this fund will leverage knowledge and a network of relationships to support businesses in process of localization and overseas expansion.

Genesia Ventures, Inc.

Source: Genesia Ventures

Genesia Ventures invests in the potential startups that create prosperity and development for the community and society, with typical fields: XaaS, digital technology infrastructure, artificial satellites, entertainment media, AI, IoT, unmanned aircraft, …

This startup currently invests in 75 companies, including some Vietnamese startups such as Homedy, Vietcetera, Kamereo, Homedy, Luxstay, Mannabie, eDoctor,…
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iti fund_4 xu hướng khởi nghiệp năm 2022