TOP CRYPTO FUNDS IN VIETNAM - PART 1
Besides some of the major investment funds in the world such as Binance Labs, A16z, Coin Capital, Pantera Capital, Coinbase Ventures, Alameda Research. In Vietnam, there are also many Viet Nam funds
Vietnam is undoubtedly among the fastest-growing economies and tech scene in Asia and globally. Home to 3,800 startups, the increased presence of tech companies has attracted a number of venture capitalists, incubators, and accelerators into the country.
In 2021, the total investment value poured into Vietnam totalled $1.35 billion, 4 times higher than that in 2020. This is also the highest amount recorded over the past decades, as reported by The National Agency for Technology Entrepreneurship and Commercialization (NATEC). Following the current trajectory, an increasing amount of investment in Vietnamese startups is to be expected within the next decade.
Ascend Vietnam Ventures
Type: VC
Stage: Seed
Investment Value: $500,000 - $2 million
Focus: Technology
Ascend Vietnam Ventures wants to be your partner and your first large investor. With 5+ years of experience investing in over 70 companies, they have strong operational experience and deep networks locally and globally. They will add value in three critical areas: people, growth, and capital. First and foremost, they will help you curate and attract top talent that will serve as a strong foundation for your business. Then, they will help you achieve authentic growth through a strong strategy that takes into account deep customer understanding, analytics, and experimentation. Finally, they'll provide the capital from the right investors at each stage of your startup growth.
In terms of the startups, they are looking for those that are still at pre-product market fit but have seen early signs of traction and have raised less than $2 million. Your product also needs to address the needs of the Southeast Asia middle class using technology and data in the business. Some of the companies in their portfolio are Base.vn, Pique, Turing, Elsa, Kilo, and more.
KK Fund
Type: VC
Stage: Seed
Investment Value: $1 million - $5 million
Focus: Blockchain, IoT, EntertainmentTech, FinTech, EdTech, HRTech, Mobility & HealthcareTech, PropTech
The KK Fund provides venture capital funding targeted at early-stage tech startups based in Southeast Asia, South Korea, Hong Kong, and Taiwan. In particular, they are interested in startups operating in the mobile and internet technology space with applications in diverse industry sectors. Their management team is comprised of seasoned investors, serial entrepreneurs, and experienced management consultants that are capable of providing you with strategic guidance for your startup. They also have deep networks across Southeast Asia and South Korea for enterprise developments. Their portfolio in Vietnam comprises of AceStarter, Job Hopin, Med247, and Clavis Aurea.
Kretos Ventures
Type: VC
Stage: Seed, Series A
Investment Value: ~$1 million
Focus: Blockchain, Cryptocurrency
With 400,000 blockchain and crypto users, Kretos Ventures focuses on providing investments and consultancy to blockchain and cryptocurrency ventures. To date, they have invested over $10 million in blockchain projects, namely Plutos Network, dHedge, Game Starter, Instaraise, and many more. As part of the pioneers in the Vietnamese crypto space, they also maintain an active community of crypto users and investors in Vietnam, making transformative and valuable projects accessible to users.
Bigcoin Capital
Type: VC
Stage: Seed, Series A
Investment Value: ~$1 million
Focus: Entertainment Software, Blockchain, Cryptocurrency
Aptly named Bigcoin Capital, the venture capitalist firm supports and develops the blockchain ecosystem in Vietnamese market. Their portfolio comprises of blockchain and crypto projects with some entertainment software in the mix. They have invested in exceptional projects such as TomoChain, NOIa Network (now Syntropy), Perlin, Vite, Credits and SPL.YT. What's great about them is their community; they have a large and wide community that is a popular hotspot for entrepreneurs, startups, investors, and anyone interested in blockchain technology. They often hold summits and events that may connect you with prominent industry leaders and other opportunities.
What About 2023?
To help the Builders easier to approach Investment Funds, BlockX Infinity will be held in June- which connects APAC Builders & Developers & Creators Community with Global Venture Capital and Global Partners.
BLOCKX INFINITY - BIGGEST EVENT FOR BUILDERS AND VCS
Promising to be a great and explosive place for communities and builders to network and learn more about Blockchain Check out the upcoming blockchain event BlockX Infinity in June 2023!