startups

Update news startups

Proptech startup Propzy suddenly ceases operation

As of June 2022, Propzy had raised 33 million USD, but the real estate technology platform has announced to stop operation.

Singapore startups attracted to Vietnam market: Strait Times

The country’s tech-savvy population and burgeoning middle class are making it an attractive market for Singaporean companies.

Vietnam's innovation start-up ecosystem investment forecasted to hit $2 billion

The information is researched, collected and aggregated from official research sources combined with statistics.

Vietnamese startups rally support to go global

The chance to disrupt the market – paired with confidence, optimism, and financial reward among other reasons – has drawn both home-grown and international startup entrepreneurs to Vietnam.

Indicators ripe for wave of tech startup successes

Venture capital investment flows into Vietnam, particularly from Singapore, are on track to surpass the previous level, propelled by the country’s buoyant tech startup scene.

Vietnamese startups attract millions of US dollars

The total venture capital raised by startups in Vietnam in 2021 reached a record high of over US$ 1.5 billion, and capital continued to rise in 2022.

E-commerce enabler OnPoint raises $50 million from Singapore fund

OnPoint has successfully raised $50 million in a series B fund-raising round from SeaTown Private Capital Master Fund managed by SeaTown Holdings International, an indirect wholly-owned subsidiary of Singapore’s Temasek Holdings.

Base.vn owner successfully calls for $3.5 million of capital

The investment in True Platform is one of the largest ever seed-round investment deals in a technology startup in Southeast Asia.

Investments in game, payment and e-commerce startups soar

Total investment capital in Vietnam’s startups in 2021 reached $1.4 billion, or 1.5 times higher than 2019.

‘Golden era’ of Vietnamese start-ups

With the development potential and the ability to catch the technology wave, Vietnamese start-ups have attracted foreign venture capital funds as well as domestic investors.

US$1.3 billion poured into Vietnam startups in 2021

Hot industries that attracted large amounts of capital last year were financial technology (Fintech), games, education, healthcare and e-commerce.

Australian investment supports Vietnamese startups

The Australian Government has committed 4.9 million AUD (3.53 million USD) of investment in Vietnam's venture fund Ascend Vietnam Ventures (AVV) to assist local startups, according to the Australian Embassy in Vietnam.

Vietnam's e-commerce startup gets $2.6 million investment

Startup Selly, Vietnam's social commerce model, has raised $2.6 million in a Pre-Series A funding round from investment funds CyberAgent Capital, Do Ventures, Genesia Ventures, JAFCO Asia and KVision.

Vietnamese startups receive millions of USD investment in early 2022

In January, many tech startups in Vietnam received millions of USD from large foreign funds from the early round.

Technology as favorable choice among Vietnamese startups

In the digital era, advanced technologies have wider implementations in various aspects. Many startup businesses in Vietnam have chosen technological products and services as their development direction and have achieved impressive results so far.

More unicorns emerge as mega deals pave way for startups

Total funding into Vietnamese startups over the past year is likely to have reached a new high with more startups crossing over into a unicorn status.

MoMo's value surpasses $2 billion to officially become VN's unicorn

In the latest fund-raising round, financial technology startup MoMo received $200 million of investment capital, bringing its total value to over US$2 billion.

Early-stage groups expanding startups ecosystem

The gradual maturity of Vietnam’s startup ecosystem is expected to boost fundraising and dealmaking activities.

Over 1,000 organizations in Vietnam capable of supporting startups

Vietnam currently has over 1,000 organizations capable of supporting startups, including technology startups, with 202 coworking zones, 79 business incubators and 38 business promotion organizations.

Vietnamese startups succeed in attracting large investment amounts

Despite the severe Covid-19 pandemic, the Vietnamese startup ecosystem is witnessing an impressive growth, with various startup projects being successful in gaining millions of dollars of capital this year.