Vietnam

Touchstone Partners has announced the first close of its inaugural $50 million venture capital fund. The fund is backed by New York-based Pavilion Capital, Vulcan Capital, and several other investors and family offices. 

Black Lake plans to use its fresh capital to invest in product development, manpower, market expansion, and creating an open platform for third-party partners. The company also plans to leverage its latest partnership with the Singaporean Temasek Holdings to further penetrate the Southeast Asian market, specifically in Vietnam and Malaysia.

M-Service, the company responsible for operating Vietnam’s most popular e-wallet service MoMo, has secured at least $100 million in a Series D funding round. This is the most recent new capital infusion for the company since it closed its Series C in 2019.

VinFuture Foundation, a charitable trust associated with one of the biggest conglomerates in Southeast Asia, Vingroup, has officially launched The VinFuture Prize on December 20, 2020 coinciding with the celebration of the International Solidarity Day.

End-to-end e-commerce marketing company Epsilo recently completed a $2 million funding round. Almost all of this new capital injection was provided by Surge, Sequoia India’s scale-up program established to help startups in India and Southeast Asia.

Do Ventures is headed by a duo of experienced, serial entrepreneurs.

Vietnam is the world’s fourth biggest market for motorbikes and scooters.

Here’s expert advice on a startup’s options for accessing the Vietnam market.

Half of Vietnam’s 96 million people will be online shoppers.