Business Daily Media

The Times Real Estate

.

Vingroup launches VinVentures capital fund

HANOI, VIETNAM – Media OutReach Newswire - 28 October 2024 - On October 28, 2024, Vingroup announced the launch of the VinVentures capital fund, with total assets under management of 150 million USD.

The fund is dedicated to investing in high-impact technology startups, aiming to foster and develop the startup ecosystem. This initiative is expected to contribute significantly to the creation of digital technology enterprises in Vietnam and across the region.

Vingroup launches VinVentures capital fund

VinVentures is a capital fund sponsored by Mr. Pham Nhat Vuong and Vingroup. The fund currently manages total assets of 150 million USD, of which 100 million USD is an inherited investment portfolio from Vingroup, with an additional 50 million USD expected to be disbursed over the next three to five years.

The primary investment focus of VinVentures includes Artificial Intelligence (AI), Semiconductors, and Cloud Computing, as well as other high-tech products. Moreover, the fund also welcomes startups from diverse sectors, provided they demonstrate growth potential and the ability to deliver quality products and services, without being limited to those associated with Vingroup.

The fund initially targets Vietnamese market, focusing on startups with local founding teams in the early stages, specifically the seed and Series A rounds—which are the second and third of five typical funding rounds for startups. In the future, the fund aims to broaden its scope to include startups in regional markets with development traits similar to Vietnam, such as Singapore, Indonesia, and the Philippines.

In terms of the investment process, the fund collaborates with potential investees through a series of defined steps: initial meetings, exchange of information, detailed research on the product and its target market, thorough investment appraisal, signing of negotiation agreements, and then the final investment contract. The timeline from when a startup submits its application to when it secures funding typically spans 2 to 3 months, maxing up to 6 months for larger-scale transactions.

VinVentures sets forth specific investment criteria, targeting startups that demonstrate potential for sustainable growth, robust growth rates, and commercially viable products and services with substantial practical applications. Additionally, these startups must be led by founding teams with established credibility and extensive experience. Investment transactions are executed on a foundation of professional investment principles, wherein VinVentures acquires equity stakes, becoming a shareholder in the company with clearly defined profit expectations.

Ms. Le Han Tue Lam, Managing Director of VinVentures, stated: 'Beyond providing capital, VinVentures offers startups a unique advantage by facilitating connections within the Vingroup ecosystem. This includes using the ecosystem as a rigorous platform for evaluating and testing products and services before they enter the market, with the potential for these companies to also become customers of the startups. Moreover, by leveraging our extensive network and resources as the leading corporation in Vietnam and the region, we are equipped to provide advice and assistance. This support helps startups to establish relationships with major market partners and acts as a catalyst for their future growth

Investing in technology startups has consistently been a strategic priority for Vingroup as it transitions into Vietnam's leading technology conglomerate. Prior to VinVentures, Vingroup had already invested in numerous tech startups through funds such as Vingroup Ventures and VinTech City. With robust resources from the conglomerate, these startups have successfully developed and launched products to the market, with some even rising to become leaders in their respective fields, including VinBigData, VinAI, VinBrain, VinCSS,...

By continuing Vingroup's commitment to nurturing and expanding digital technology enterprises, VinVentures will strategically optimize opportunities for the realization and introduction of innovative technology ideas into the Vietnamese and regional markets, at the same time broadening the conglomerate's revenue streams

According to the Global Startup Ecosystem Report (GESER 2023) by Startup Genome, Vietnam's startup ecosystem is currently ranked third in Southeast Asia, boasting an estimated economic impact of $5.22 billion. The number of startups in Vietnam has dramatically increased from approximately 1,600 during the Covid-19 pandemic to over 3,800 at present, with AI startups making up nearly 10% of the total.

Startups interested in partnering with and receiving investment from VinVentures are encouraged to contact us via email at contact@vinventures.net and fill out the application form here


Hashtag: #Vingroup


The issuer is solely responsible for the content of this announcement.

News from Asia

HUAWEI Mate XT | ULTIMATE DESIGN Debuts Global with HUAWEI Watch Supporting Macao’s Leading E-Wallet, MPay

HONG KONG SAR - EQS Newswire - 18 February 2025 - On February 18, HUAWEI revealed its latest products at a launch event in Malaysia, including the HUAWEI Mate XT | Ultimate Design, while announcing...

Merit Food Products Named PETA Asia’s 2024 Company of the Year

CHONBURI, THAILAND - Media OutReach Newswire - 18 February 2025 - Merit Food Products, the maker of popular brands such as MeritO, Native Forest and 365 Whole Foods Market coconut milk, has been n...

Lee Kum Kee Brings Authentic Asian Flavours to the Asian Food Market at Wellington Lunar New Year Festival

WELLINGTON, NEW ZEALAND - Media OutReach Newswire – 19 February 2025 - The capital came alive this weekend with thousands of Wellingtonians enjoying all the range of activities on offer at the Lun...

The Collective Officially Opens Inaugural Flagship in Tokyo to Reimagine Luxury Coworking

Owned and operated by JustCo, the 24,000 sqft space blends refined hospitality, experience and design inspired by the rhythm of Tokyo Station SINGAPORE - Media OutReach Newswire – 19 February 20...

HWOO Energy Storage Successfully Launches in Pakistan, Ushering in a New Era of Global Expansion

ISLAMABAD, PAKISTAN - Media OutReach Newswire - 18 February 2025 - On February 12, 2025, HWOO Energy Storage hosted a grand brand launch event in Islamabad, Pakistan. The event attracted numerous ...

Bangkok Design Week 2024 Is Coming Soon: 6 Reasons Not To Miss Thailand’s World-Class Design Festival

BANGKOK, THAILAND - Media OutReach Newswire - 22 January 2024 - Being such a ‘happening’ city, Bangkok already has numerous events lined up. Bangkok Design Week 2024 (BKKDW2024), in its 7th e...

"Design Your Change: Up+Rise Bangkok" Bangkok Design Week 2025: A Showcase of Creative Solutions Transforming Bangkok’s Future

BANGKOK, THAILAND - Media OutReach Newswire - 19 February 2025 - Bangkok is no longer just a city of vibrant lights and ceaseless energy—it has emerged as a design hub that's driving transformativ...

MICHELIN Guide to Highlight the Culinary Excellence of Manila and Environs & Cebu in its Inaugural Edition

The MICHELIN Guide announced its arrival in Manila and Environs & Cebu for an upcoming 2026 selection The restaurant selection for the inaugural edition will be revealed in t...

Euvella Unveils Two New Captivating Scents for Reed Diffusers

SINGAPORE - Media OutReach Newswire - 19 February 2025 - Singapore-based fragrance company Euvella is set to expand its collection with the introduction of two new scents—White Musk and Aquamelon—...

Sahm Capital Joins Capital Market Forum Riyadh 2025 as Platinum Sponsor

RIYADH, SAUDI ARABIA - Media OutReach Newswire - 19 February 2025 - Sahm Capital, the first fintech-driven financial company to secure full Capital Market Authority (CMA) licensing (license no. 22...

How women can thrive in business: Renee Gracie’s top tips

Empowering women entrepreneurs is essential for fostering economic growth, innovation, and social progress. Women-owned businesses contribute sign...

New sales and partnerships heads at Quickli point to strong growth

Australia’s leading mortgage serviceability platform, Quickli, today announces the appointment of two new leaders to its team—Jennifer Roche and D...

Breaking Barriers: How Buxton’s Sophie is Redefining Business Development

In December 2024, Sophie added another accolade to her impressive career, receiving the National Business Development Manager of the Year Award at ...

Brisbane Welcomes World's Leading International Agritech Startups for Agventure Downunder

Brisbane will become the epicentre of global agrifood innovation this week and it welcomes the world’s leading agritech startups for Agventure Dow...

Shearwater Capital Invests in EvenBetter.ai to Drive Gender Pay Gap Action

EvenBetter.ai, a Sydney-based startup focused on helping Australian businesses build evenly to address gender pay equity, has secured a $500,000 i...

Global talent: Unlocking the potential of the ‘Everywhere Workforce’

We’ve reached a defining moment in the future of work. Shifts in business demands, evolving employee expectations and the acceleration of tech inn...

Sell by LayBy