As many as 37 venture capital firms spanning South Korea, Japan, Singapore, Indonesia and Vietnam have pledged over US$800 million to support Vietnam’s startup ecosystem over the next three to five years.
The pledge-signing ceremony was held at the Vietnam Venture Summit 2020, organised as part of The Vietnam Tech and Startup Week, in Hanoi.
The VC firms who pledged investments include VinaCapital Ventures, Do Ventures, Nextrans, ThinkZone, NextTech, VietCapital Ventures, CyberAgent Ventures, Smilegate Investment, FEBE Ventures, Genesia Ventures, Monk’s Hill Ventures, Vertex Holdings, 500 Startups, and Quest Ventures, among others.
As per a press statement, the commitment marks the return of uptake in investments within the Vietnamese startup ecosystem.
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