AVV, a Vietnam-based early-stage venture capital firm, aims to invest $6 million in six startups over the next six months through its second flagship fund, AVV Fund 2.
The firm said in a statement on Friday that this fund follows 500 Startups Vietnam, which has been renamed AVV Fund 1.
The announcement reinforces AVV’s ongoing commitment to backing visionary entrepreneurs and high-potential companies, particularly those with compelling solutions and strong ties to Vietnam.
At the heart of AVV’s investment thesis is a belief in the power of exceptional teams.
The firm maintains a generalist approach, with deep interest in startups innovating across diverse sectors.
From artificial intelligence (AI)-driven solutions and Software-as-a-Service (SaaS) targeting traditional industries such as logistics, manufacturing, and accounting, to cutting-edge verticals like agentic AI infrastructure and cybersecurity, AVV is actively seeking companies shaping the future of technology and business in the region and beyond.
“AVV invests at the pre-seed and seed stage, where conviction matters most and catalytic capital can shape outsized outcomes,
“The firm backs founders with bold visions, deep technical or operational acumen, and the resilience to build enduring and market-defining companies,” said Binh Tran, Co-founder and General Partner.
“While based in Vietnam, AVV’s portfolio spans teams with global ambitions, from regional category creators to globally competitive product-first startups,
“The firm is especially drawn to markets undergoing structural change, where technology can unlock transformative improvements in productivity, access, or trust,” he added.
AVV typically leads its deals, with initial check sizes ranging from $250,000 to $2 million.
While a connection to Vietnam is a key consideration, AVV remains open to investing beyond borders when the opportunity is exceptionally compelling.
This is not a new pool of capital but rather a reminder of AVV’s broader vision to foster an ecosystem where bold, resourceful founders can thrive, said the statement.
It noted AVV has established itself as a leading voice in Vietnam’s startup landscape, not only through capital deployment but also by providing hands-on support, mentorship, and access to regional networks.
With its deep technical and operational experience and a firm belief in talent and execution, AVV said the firm is ready to back Vietnam’s next wave of transformative companies.
AVV is a Ho Chi Minh City-based venture capital firm investing in early-stage technology startups across the world.
Its portfolio companies include Turing (AI infrastructure unicorn), ApplyBoard (edtech unicorn), Sky Mavis (web3 gaming unicorn), and TechCoop (fast-growing agritech).