Kicking off the year with a historic milestone, we are proud to announce an unprecedented investment of $5.1 million in 37 Southeast Asian startups, including 5 in Vietnam.
This investment round follows a resounding response from founders, with over 5,000 applications received for our residencies across SEA. Held concurrently in four cities—Singapore, Indonesia, Vietnam, and Malaysia—from October to December 2023, the applications represented a diverse group of founders. Some in search of the right co-founder and a compelling idea to launch their startups, while others aimed to develop and scale their existing startups.
The selection process was rigorous, with approximately 300 founders chosen from the pool to receive intensive mentorship and guidance during a 10-week residency. This culminated in the launch and funding of the 35 startups, showcasing our commitment to nurturing groundbreaking ideas from inception and backing founders from day zero.
Here in Vietnam, we have backed the following startups:
flaex
A decentralized margin trading exchange leveraging the liquidity of lending protocols to offer competitive rates for traders.
Naki
A platform enabling Generation Z to create AI friends tailored to their needs and personalities, offering a unique, personalized interaction experience.
Upbrand
A D2C brand and e-commerce enabler for local fashion manufacturers, to transition into global brands with cutting-edge services and market intelligence.
Barely Skin
Provides accessible dermatology-level personalized skin treatment, offering online consultations and bespoke skincare products.
One of the invested startups is in stealth mode.
As a multi-stage investor, we recognize the immense potential of early-stage startups in Vietnam. With over 1,000 portfolio companies globally, we remain steadfast in our mission to back founders from day zero.
Besides being the earliest backer for startups, we are also a long-term capital partner that provides expansion support and scale-up funding to breakout companies from Series A onwards.
Join us to get your startup launched and funded in Vietnam. Find out more here.
