Business

VinaCapital Ventures combines forces with Mirae Asset - Naver

Trang Nguyen June 11, 2019 | 10:53 AM GMT+7

VinaCapital Ventures, the technology investment arm of VinaCapital, has formed a strategic partnership with Mirae Asset – Naver Asia Growth Fund, a $1 billion joint fund by Korea’s leading financial group Mirae Asset and internet company Naver.

Mirae Asset with over $375 billion in assets under management will invest in VinaCapital Ventures

According to Khanh Tran, partner at VinaCapital Ventures, as part of the deal, Mirae Asset with over $375 billion in assets under management will invest in the $100 million technology holding firm. 

The specific details of the investment, however, were not disclosed when VinaCapital Ventures made the announcement.

Naver, which operates the most-used search engine in Korea, will work with VinaCapital Ventures and its portfolio companies to help them grow and potentially expand beyond Vietnam.

“We are excited to collaborate with Mirae Asset and Naver not simply for the financial investment but for the opportunity to access the experience and technologies that will help our investee companies reach their potential. Naver, which operates a variety of online businesses including the popular LINE messaging app, is well-positioned to help Vietnamese start-ups crack overseas markets such as Korea, Japan, and beyond,” said Tran at the Vietnam Venture Summit on Monday.

Charlie (Choonghwan) Lee, head of Outbound Investment at Mirae Asset Capital and general partner of the fund, said, “We are delighted to partner with VinaCapital, which is one of the pioneering venture capital investors in Vietnam. We share their belief that the opportunities in this country are enormous, and we look forward to working with them and their investees to achieve even greater success.”

Late last year, Mirae Asset-Naver Asia Growth Fund acquired two logistics centres in Vietnam for over $47 million. The investment was said to pave the way for the fund to tap into the fast-growing market of Vietnam that will soon develop into a logistic hub of the region.

Launched in 2018, VinaCapital Ventures seeks to invest in the next generation of Vietnamese and Southeast Asian startups. Its mission is to help develop strong technology companies in Vietnam and assist them in building a regional presence.

In supporting entrepreneurs, VinaCapital Ventures offers capital, network and mentorship. Its team combines a diverse set of skills and experience, ranging from entrepreneurship, product marketing, operational management, and technology strategy, to developing client bases, deal making and capital raising.

VinaCapital Ventures is part of VinaCapital, one of Vietnam’s leading asset management companies with $1.8 billion in assets under management.

Menas signs to elevate lifestyle experiences at Keppel’s properties in Vietnam

Menas signs to elevate lifestyle experiences at Keppel’s properties in Vietnam

Business -  3 week

Menas Group has entered a strategic partnership with Keppel to co-develop an integrated ecosystem of lifestyle services across Keppel’s real estate projects in Vietnam, beginning with the landmark Celesta City development in Saigon South.

Phuc Sinh secures $15 million investment from Dutch investor for sustainable expansion

Phuc Sinh secures $15 million investment from Dutch investor for sustainable expansion

Business -  3 week

Phuc Sinh’s expansion underscores Vietnam’s growing role in sustainable agriculture and its increasing appeal to global investors

PVI Asset Management and SonKim Capital partner to revolutionize real estate investments

PVI Asset Management and SonKim Capital partner to revolutionize real estate investments

Business -  1 month

PVI Asset Management (PVI AM) and SonKim Capital (SK Capital), a business unit of SonKim Group has announced a strategic collaboration to develop innovative real estate investment products tailored for institutional investors and high-net-worth individuals.

Filum AI secures $1 million amidst funding winter

Filum AI secures $1 million amidst funding winter

Business -  1 month

Filum AI has successfully raised $1 million in funding despite a challenging venture capital market, underscoring the potential of AI and shifting investment strategies.

New decree eliminates barriers and enhances access to financing for enterprises

New decree eliminates barriers and enhances access to financing for enterprises

Business -  1 month

Enterprises are advised to promptly assess and evaluate the impact of the changes in the newly-issued to ensure timely compliance in the upcoming tax finalization period.

Lux Travel DMC earns global recognition for sustainability

Lux Travel DMC earns global recognition for sustainability

Business -  1 month

Lux Travel DMC has solidified its position as one of the global leaders in sustainable tourism with the prestigious Travelife Certified Sustainability Award 2025.