The Times Australia
News From Asia

.
Men's Weekly

.

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.

Times Magazine

Effective Commercial Pest Control Solutions for a Safer Workplace

Keeping a workplace clean, safe, and free from pests is essential for maintaining productivity, protecting employee health, and upholding a company's reputation. Pests pose health risks, can cause structural damage, and can lead to serious legal an...

The Science Behind Reverse Osmosis and Why It Matters

What is reverse osmosis? Reverse osmosis (RO) is a water purification process that removes contaminants by forcing water through a semi-permeable membrane. This membrane allows only water molecules to pass through while blocking impurities such as...

Foodbank Queensland celebrates local hero for National Volunteer Week

Stephen Carey is a bit bananas.   He splits his time between his insurance broker business, caring for his young family, and volunteering for Foodbank Queensland one day a week. He’s even run the Bridge to Brisbane in a banana suit to raise mon...

Senior of the Year Nominations Open

The Allan Labor Government is encouraging all Victorians to recognise the valuable contributions of older members of our community by nominating them for the 2025 Victorian Senior of the Year Awards.  Minister for Ageing Ingrid Stitt today annou...

CNC Machining Meets Stage Design - Black Swan State Theatre Company & Tommotek

When artistry meets precision engineering, incredible things happen. That’s exactly what unfolded when Tommotek worked alongside the Black Swan State Theatre Company on several of their innovative stage productions. With tight deadlines and intrica...

Uniden Baby Video Monitor Review

Uniden has released another award-winning product as part of their ‘Baby Watch’ series. The BW4501 Baby Monitor is an easy to use camera for keeping eyes and ears on your little one. The camera is easy to set up and can be mounted to the wall or a...

The Times Features

Running Across Australia: What Really Holds the Body Together?

How William Goodge’s 3,800km run reveals the connection between movement, mindset, and mental resilience As a business owner, I’ve come to realise that the biggest wins rarely com...

Telehealth is Transforming Healthcare Services in Australia

It has traditionally not been easy to access timely healthcare in Australia, particularly for people who live in remote areas. Many of them spend hours on the road just to see a...

Launchd Acquires Huume, Strengthening Creative Firepower Across Talent-Led Marketing

Launchd, a leader in talent, technology and brand partnerships, has announced its acquisition of influencer talent management agency Huume from IZEA. The move comes as the medi...

Vietnam's "Gold Coast" Emerges as Extraordinary Investment Frontier and Australian Inspired Way of Life

$2 Billion super-city in Vung Tau set to replicate Australia's Gold Coast success story A culturally metamorphic development aptly named "Gold Coast" is set to reshape Vietna...

Choosing the Wrong Agent Is the #1 Regret Among Aussie Property Sellers

Selling your home is often one of the largest financial transactions you’ll make, and for many Australians, it’s also one of the most emotional. A new survey of Australian home se...

Travel Insurance for Families: What Does it Cover and Why it’s Essential

Planning a family trip is exciting, but unexpected mishaps can turn your dream vacation into a stressful ordeal. That’s where travel insurance comes in—it’s your safety net when ...