Filum AI has successfully raised $1 million in funding despite a challenging venture capital market, underscoring the potential of AI and shifting investment strategies.
Having exceeded the $50 million target for its flagship early-stage venture capital fund AVV Alpha, Ascend Vietnam Ventures (AVV) led by Binh Tran and Eddie Thai is seeking the next wave of globally iconic startups emerging from Vietnam.
Venture capital going into Vietnamese startups reached a record high of $1.4 billion in 2021 amidst market uncertainties and upheaval caused by Covid-19.
With a total committed fund size of up to $60 million, ThinkZone Fund II is the largest venture capital fund in tech startups founded by Vietnamese entrepreneurs and notable conglomerate owners.
KiotViet, a store management software developed by local startup Citigo, has secured $6 million in series A financing from Singapore-based venture capital firm Jungle Ventures and Jakarta-headquartered airline and hotel booking services provider Traveloka.
Local rental market platform Luxstay has successfully secured additional $6 million in venture capital funding via the Shark Tank Vietnam progamme this week, gearing itself up to compete with international rivals like Airbnb.
Venture capital is marching boldly into Vietnam’s startup scene with certain investment deals have just been inked and others are in the final stages of discussing and negotiating, hoping to ultimately seal within the course of 2019.
VinaCapital has just launched a $100 million tech-focused venture capital fund, aiming to help fledgling startups and small and medium sized enterprises in the technology field, of which FastGo and LOGIVAN, two startups on technology solutions in the field of transportation will be its very first investment.
It is expected to witness more start-up supporting and venture capital funds operating in Vietnam to join the booming start-up wave in Vietnam, according to Prime Minister Nguyen Xuan Phuc.
