Vingroup launches VinVentures capital fund worth 150 million USD

(VOVWORLD) - Vingroup on Monday announced the launch of the VinVentures capital fund worth 150 million USD dedicated to supporting technology startups. 
Vingroup launches VinVentures capital fund worth 150 million USD - ảnh 1

Of its 150 million USD of assets under management, 100 million is from Vingroup's existing portfolios while the remaining 50 million USD will be disbursed over the next three to five years.

The primary investment focus of VinVentures includes Artificial Intelligence (AI), Semiconductors, and Cloud Computing, as well as other high-tech products. The fund also welcomes startups from diverse sectors, provided they demonstrate growth potential and the ability to deliver quality products and services, without being limited to those associated with Vingroup.

The fund initially targets Vietnamese market, focusing on startups with local founding teams in the early stages, specifically the seed and Series A rounds—which are the second and third of five typical funding rounds for startups.

In the future, the fund aims to broaden its scope to include startups in regional markets with development traits similar to Vietnam, such as Singapore, Indonesia, and the Philippines.

Feedback

Others