Investors pour US$900 million into Vietnam’s start-ups in 2018

Vietnam’s start-ups have attracted US$889 million in funding from 92 deals in 2018, nearly triple the value recorded in 2017 at US$291 million for the same number of deals, according to Topica Founder Institute (TFI), a Hanoi-based startup accelerator program.

Investors pour US$900 million into Vietnam’s start-ups in 2018, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

Source: TFI.


Notably, the top 10 deals brought in US$734 million, which equals to 83% of total deal value, including US$100-million investment in entertainment group Yeah1, e-commerce platform Sendo US$51 million, educational technology group Topica US$50 million and seven undisclosed deals worth over US$30 million each. 

Mai Duy Quang, TFI’s director, said 2018 is a successful year for Vietnamese start-ups. Of the US$889 million, more than half came from domestic investment funds, indicating a growing interest from the domestic investors for start-ups and their willingness to invest.

According to TFI, the top five sectors attracting the largest investment capital in 2018 include fintech, e-commerce, traveltech, logistics and edtech, in which fintech claimed the top spot in 2018 with 8 deals worth US$117 million. 

E-commerce was ranked second with five deals worth US$104 million, compared to 21 in 2017, while traveltech rose to the third place with eight deals worth US$64 million from Vntrip, Luxstay, Atadi, Vleisure, among others. 

Logistics and edtech attracted three to four deals worth over US$50 million. 

On January 16, Singapore-based Insigna Venture Partners signed an investment cooperation with TFI, in which the former would invest at least US$50,000 in each graduated start-up from TFI. 

Yinglan Tan, managing partner of Insignia Ventures Partners, said Vietnam is an energetic and potential startup market. If proper investment is available, great Vietnamese startups can emerge.

Hanoitimes 

Investors pour US$900 million into Vietnam’s start-ups in 2018, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news
 
*
*
*
  Send