Vingroup launches $150m investment fund VinVentures to support startups

🏦 VinVentures: an investment fund belonging to Vingroup corporation of the billionaire Pham Nhat Vuong. The fund's total assets are 150 million USD. Ms. Le Han Tue Lam holds the position of Executive Director.

🎯 VinVentures' goal: Promoting and developing the startup ecosystem, contributing to creating digital technology businesses in Vietnam and the region.

🌟 Advantages of VinVentures:

• Supporting investment capital for startups.

• Connecting startups with companies in Vingroup's strong ecosystem, acting as an appraisal environment and testing product quality before launching to the market.

• Consulting and supporting startups to connect with Vingroup's network of major partners in the market thanks to its position as a leading corporation in Vietnam and the region.

🧠 VinVentures' investment fields: Artificial intelligence (AI); Semiconductor; Cloud computing and products with high-technology content.

🌍 Investment scope: initially, investing in early-stage startups (seed and Series A funding stages) in Vietnam, later will expand the scope to startups in Southeast Asia.

📋 Investment process:

• Steps including meeting, exchanging information, investment appraisal, signing a negotiation agreement and signing an investment contract.

• The time from submitting the application to receiving disbursement lasts from 2 - 3 months and up to 6 months for large deals.

✅ Investment conditions:

• Startup has the potential for sustainable development, good growth rate, products and services capable of commercialization, high practical application and reputable experienced founding team.

🤝 Investment principles: VinVentures will buy shares and become a shareholder of the company with specific profit expectations.

🧐 Useful additional information:

🇻🇳 Vingroup:

• One of the largest multi-industry corporations in Vietnam, founded by the billionaire Pham Nhat Vuong.

• Focusing on 3 core activities: Technology - Industry; Service -trade; Social charity.

• Revenue in 2023 is 161 trillion VND (~6.59 billion USD).

🚀 Potential of the Vietnamese startup ecosystem:

• Ranked third in Southeast Asia, with an economic impact of 5.22 billion USD, according to Global Startup Ecosystem report of Startup Genome (GESER 2023).

• The number of startups in Vietnam increased sharply: from 1,600 during the COVID-19 pandemic to 3,800 at present, of which AI startups account for 10%.

💰Stages of startup funding:

• Raising capital: a form of calling for capital from potential investors to support the startup's business operations.

• A startup usually goes through different stages of fundraising in the following order: pre-seed round, seed round, series A round, series B round, series C round or higher (C, D, E…)