Vietnam has emerged as Southeast Asia’s most dynamic startup hub boasting a thriving ecosystem and hailed as a hotbed for investment activity. Hive Life spotlights the strong venture capital pool in Vietnam helping regional businesses grow and succeed.
Hailed as Southeast Asia’s “rising star,” Vietnam’s thriving startup ecosystem continues to accelerate entrepreneurial opportunities powering future innovation and growth.
Vietnamese early-stage companies acquired record-high investments from global venture capital (VC) companies in 2021, raising over US$1.4 billion across 165 deals. This momentum is anticipated to continue into 2023, with a gross domestic product (GDP) increase of 6.7% projected for the country.
Its favourable ecosystem has not only attracted a large pool of capital from foreign venture firms, but has also fostered the growth of homegrown investment solution providers. These local players have proven to be just as equipped and committed to supporting startups with growth and financing opportunities, while setting up dedicated funds to propel innovation within key industries, including FinTech, e-commerce, EdTech, and more.
Fund and scale your next big idea with our guide to the top venture capital firms in Vietnam spurring innovation and high-growth opportunities for local entrepreneurs.
Hanoi-based ThinkZone Ventures is one of the most prominent names in Vietnam’s investment landscape founded by homegrown conglomerates, including renowned financial group- IPA Investment Corporation, retail giant- Phu Thai Holdings, and global chemical distributor- Stavian Group.
A hybrid accelerator and venture capital firm, ThinkZone provides monetary funding and mentorship opportunities for startups. It specialises in financing across different growth areas of a business, whether initial seeding investments or forging partnerships in respective industries.
Boasting a diverse funding portfolio, the VC has backed startups across many competitive sectors, including retail, software, advertisement and marketing technology, and more. In 2022, the firm launched the ThinkZone Fund II, which the largest reserve in Vietnam, integrating local resources to push homegrown businesses to achieve greater success.
Mekong Capital is another pioneer in the local VC sector, with a great investment eye for consumer-driven growth-stage businesses. As an experienced private equity firm, it has a strong foothold in Vietnam’s entrepreneurial sector, spending a significant time scouting for ideal companies to fund and support. By integrating a vision-focused approach, Mekong has been able to drive breakthrough results, expanding its coverage to customer-centric enterprises across various markets, including retail, F&B, healthcare, pharmaceuticals, and finance.
The firm focuses primarily on growth-stage businesses, and has launched the Mekong Enterprise Fund IV, to accelerate market expansion and exposure opportunities for Vietnamese companies, with an aim to sustain the businesses on a global scale.
The company is also well-known for its efforts in sustainability, building on its Environmental, Social and Governance (ESG) commitments, and holds their investee companies to the same standard.