New venture capital fund to pour 60 million USD in Vietnam’s tech startups

With a total committed investment f up to 60 million USD, ThinkZone Fund II is the largest venture capital fund in tech startups founded by Vietnamese entrepreneurs and notable conglomerate owners.

Hanoi (VNA) – With a total committed investment of up to60 million USD, ThinkZone Fund II is the largest venture capital fund in techstartups founded by Vietnamese entrepreneurs and notable conglomerate owners.

It was founded by large Vietnamese conglomerates in manyfields such as IPA Investments, Phu Thai Holdings and Stavian Group, aiming to providesupport to accelerate the growth of startups in Vietnam.

ThinkZone Ventures will invest in tech startups in variousverticals from pre-seed to series A (up to 3 million USD per startup).

ThinkZone Fund II is ready to accompany founders who havegreat vision, passion, and ambition to create products that have positive impacts on society, said its CEO Bui Thanh Do.

Last year, a record of over 1.3 billion USD was poured intoVietnamese startups in 2021 despite the COVID-19 implications, helping thecountry rank third in the group of the most dynamic innovative startupecosystems in Southeast Asia, only after Indonesia and Singapore, statisticsshow.

Most of the investment capital has been pumped into startupsin the fields of FinTech, game, education, health care, and e-commerce./.

VNA