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Top 15 Venture Capital Firms in Vietnam in 2022

By 
Nicolás Cerdeira
 | 
Updated: 
October 31, 2022
 | 
Early StepsFundsPeopleProductFailureStoriesGrowthReviewsResourcesVC Firms

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The startup community has been growing in Vietnam in recent years.

This has come along with an increase in the amount of money flowing from VCs into startups.

In this article, you can find a hand-picked list of venture capital firms in Vietnam.

15 Venture Capital Firms in Vietnam

1) IDG Capital

IDG Capital

IDG Capital is an international stage-agnostic VC firm that primarily invests in TMT, advanced manufacturing, clean tech, healthcare, consumer and entertainment.

Details of the VC firm:

  • Country: USA, United Kingdom, South Korea, Vietnam, China
  • City: Boston, New York, London, Beijing, Guangzhou, Hong Kong, Shanghai, Macau, Seoul, Hanoi, Ho Chi Minh City, Shenzhen
  • Started in: 1992
  • Founders: Jim Breyer
  • Industries: Media, Healthcare, Consumer, Entertainment, Climate & Sustainability, Energy
  • Stages: Early Stage, Late Stage, Seed, Pre-Seed, Series A
  • Minimum check size: $1,000,000
  • Maximum check size: $100,000,000
  • Number of investments: 1416
  • Number of exits: 149
  • Funds raised: $2,900,000,000
  • 3 remarkable investments: Razer, Tencent, Animoca Brands

You can find their website here.

You can send them an email at cooperation@idgcapital.com.

2) Enterprise Ireland

Enterprise Ireland

Enterprise Ireland is a government organisation that provides investment support and opportunities for founders looking to build their businesses in Ireland.

Details of the VC firm:

  • Country: Ireland, Germany, Hungary, Denmark, France, Netherlands, Italy, Sweden, Spain, Czechia, United Kingdom, Belgium, Poland, Brazil, USA, Canada, United Arab Emirates, Australia, China, Japan, Singapore, Vietnam, India, South Korea, Saudi Arabia, Nigeria, South Africa, Kenya
  • City: Dublin, Düsseldorf, Budapest, Paris, Amsterdam, Milan, Stockholm, Madrid, Prague, London, Brussels, Warsaw, São Paulo, Austin, Toronto, New York, Dubai, Sydney, Hong Kong, Tokyo, Singapore, Ho Chi Minh City, Beijing, Mumbai, Seoul, Riyadh, Lagos, Johannesburg, Nairobi, Shannon, København
  • Started in: 1998
  • Industries: Life Sciences, Industrial
  • Stages: Pre-Seed, Seed, Series A, Series B, Series C
  • Maximum check size: €50,000
  • Number of investments: 686
  • Number of exits: 78
  • Funds raised: €216,100,000
  • 3 remarkable investments: Profitero, Immersive VR Education, Invinity Energy Systems PLC

You can find their website here.

You can send them an email at equitydept@enterprise-ireland.com.

3) Antler

Antler

Antler is a venture capital firm providing early-stage investments and global residency programs to support founders worldwide.

Details of the VC firm:

  • Country: Singapore, Germany, Netherlands, Denmark, Portugal, United Kingdom, Spain, Norway, France, Sweden, Australia, India, Vietnam, Indonesia, South Korea, Japan, USA, Canada, Kenya
  • City: Berlin, Amsterdam, Copenhagen, Lisbon, London, Madrid, Oslo, Stockholm, Paris, Bangalore, Ho Chi Minh City, Jakarta, Seoul, Tokyo, Austin, Boulder, New York, São Paulo, Toronto, Nairobi, Sydney
  • Started in: 2017
  • Founders: Magnus Grimeland,Fridtjof Berge, Dilan Mizrakli Landgraff, Vegard Medbo, Jussi Salovaara
  • Industries: AI & ML, Consumer, Crypto & Blockchain, Cybersecurity, E-Commerce, Fintech, SaaS, Gaming, Proptech & Real Estate, Internet & Mobile, Food & Beverage, Supply Chain & Logistics, Healthcare, Media
  • Stages: Pre-Seed, Seed, Early Stage
  • Number of investments: 365
  • Number of exits: 3
  • Funds raised: $82,200,000
  • 3 remarkable investments: ChatFood, Baselime, Genuine Taste

You can find their website here.

You can send them an email at hello@antler.co.

4) Cyber Agent Capital

Cyber Agent Capital

CyberAgent Capital is a Japanese fund primarily investing in Asian startups in the early stages.

Details of the VC firm:

  • Country: China, South Korea, Thailand, Japan, USA, Taiwan, Vietnam, Indonesia
  • City: Beijing, Jakarta, Shanghai, Shenzhen, San Francisco, Seoul, Tokyo, Bangkok, Taipei, Ho Chi Minh City
  • Started in: 2006
  • Founders: Hirofumi Kondo
  • Industries: Fintech, Entertainment, SaaS, AI & ML, Education, AR & VR, Consumer, Proptech & Real Estate, DTC, IoT, Healthcare, Marketplace
  • Stages: Seed, Early Stage
  • Number of investments: 249
  • Number of exits: 40
  • Funds raised: $185,800,000
  • 3 remarkable investments: Selly, Recruitery, Dagangan

You can find their website here.

You can send them an email at cac_public@ext.cyberagent.co.jp.

5) Quest Ventures

Quest Ventures

Quest Ventures is an Asian venture capital firm since 2011.

Details of the VC firm:

  • Country: China, Malaysia, Indonesia, Vietnam, Kazakhstan, Singapore, Philippines, USA, South Korea, Thailand
  • City: Jakarta, Singapore, Ho Chi Minh City, Kuala Lumpur, Manila, San Francisco, Nur-Sultan, Seoul, Bangkok, Almaty, Beijing, Shanghai
  • Started in: 2011
  • Founders: James Tan
  • Industries: AI & ML, E-Commerce, Marketplace, Entertainment, Fintech, Food & Beverage, InsurTech, Supply Chain & Logistics, Media, Proptech & Real Estate, Sports
  • Stages: Early Stage
  • Number of investments: 152
  • Number of exits: 30
  • Funds raised: $120,000,000
  • 3 remarkable investments: 99.co, Carousell, Carro

You can find their website here.

You can send them an email at info@questventures.com.

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6) Golden Gate Ventures

Golden Gate Ventures

Founded in 2011, Golden Gate is a Southeast Asian venture fund investing in consumer internet sectors.

Details of the VC firm:

  • Country: Singapore, Indonesia, Vietnam
  • City: Jakarta, Singapore, Ho Chi Minh City, Hanoi
  • Started in: 2011
  • Founders: Jeffrey Paine, Paul Bragiel, Vinnie Lauria
  • Industries: Fintech, Supply Chain & Logistics, E-Commerce, Entertainment, Marketplace, SaaS, Healthcare, Deep Tech & Hard Science, Enterprise, Education
  • Stages: Seed, Series A
  • Minimum check size: $125,000
  • Maximum check size: $750,000
  • Number of investments: 107
  • Number of exits: 9
  • Funds raised: $280,000,000
  • 3 remarkable investments: Redmart, Moneysmart, Chilibeli

You can find their website here.

You can send them an email at hello@goldengate.vc.

7) Openspace Ventures

Openspace Ventures

Openspace is a multistage, sector-agnostic VC firm with an emphasis on consumer, healthcare, finance, enterprise, Web3 and frontier technologies sectors.

Details of the VC firm:

  • Country: Singapore, Indonesia, Vietnam, Thailand, Philippines
  • City: Singapore, Jakarta, Ho Chi Minh City, Bangkok, Manila
  • Started in: 2014
  • Founders: Hian Goh, Shane Chesson
  • Industries: Consumer, Health & Wellness, SaaS, Media, Education, Agriculture, Fintech
  • Stages: Early Stage, Series A, Series B
  • Minimum check size: $15,000,000
  • Maximum check size: $20,000,000
  • Number of investments: 79
  • Number of exits: 5
  • Funds raised: $425,000,000
  • 3 remarkable investments: Redmart, Whispir, Sorabel

You can find their website here.

You can send them an email at ideas@openspace.vc.

8) Expara Ventures

Expara Ventures

Expara is a Singaporean venture capital firm investing in SouthEast Asian startups since 2007.

Details of the VC firm:

  • Country: Thailand, Vietnam
  • City: Bangkok, Ho Chi Minh City
  • Started in: 2003
  • Founders: Douglas Abrams
  • Industries: Food & Beverage, IoT, E-Commerce, Healthcare, Travel & Hospitality, Social, Marketplace, Government Technology, Cloud, Proptech & Real Estate, Fintech, AI & ML, Health & Wellness, Gaming, Climate & Sustainability, Education, Hardware, Biotech, API, SaaS, Media, Agriculture, Drones
  • Stages: Early Stage
  • Number of investments: 77
  • Number of exits: 9
  • 3 remarkable investments: Gheorg, Systemstone, Compliy

You can find their website here.

You can send them an email at inquiries@expara.com.

9) Luminar Ventures

Luminar Ventures

Luminar Ventures is a Nordic VC firm investing in pre-seed and seed companies.

Details of the VC firm:

  • Country: Sweden, Norway, Germany, Vietnam
  • City: Stockholm, Asker, Hanoi, Munich
  • Started in: 2012
  • Founders: Martin Henricson
  • Industries: Human Resources, Fintech, Gaming, Enterprise, AI & ML, Automation, API, InsurTech
  • Stages: Pre-Seed, Seed, Series A
  • Number of investments: 58
  • Number of exits: 4
  • Funds raised: €132,700,000
  • 3 remarkable investments: Muninn, Debricked, Health Integrator

You can find their website here.

You can send them an email at info@luminarventures.com.

10) Mekong Capital

Mekong Capital

Mekong Capital is a Vietnamese investment firm exclusively backing consumer-focused companies.

Details of the VC firm:

  • Country: Vietnam
  • City: Hanoi, Ho Chi Minh City
  • Started in: 2001
  • Founders: Christopher Freund
  • Industries: Food & Beverage, Consumer, Education, Supply Chain & Logistics, Healthcare, Proptech & Real Estate, Biotech
  • Stages: Growth
  • Number of investments: 48
  • Number of exits: 37
  • Funds raised: $490,800,000
  • 3 remarkable investments: Entobel, Rever, Gene Solutions

You can find their website here.

You can send them an email at info@mekongcapital.com.

11) Patamar Capital

Patamar Capital

Patamer is a Southeast Asian venture capital fund investing in early-stage tech companies across finance, education, health, supply chain and agriculture domains.

Details of the VC firm:

  • Country: Indonesia, India, Vietnam, Singapore, USA, Sri Lanka
  • City: Colombo, Ho Chi Minh City, San Francisco, Bangalore, Jakarta, Singapore
  • Started in: 2011
  • Founders: Geoff “Chester” Woolley
  • Industries: Fintech, Internet & Mobile, Agriculture, Healthcare, Education
  • Stages: Early Stage
  • Number of investments: 40
  • Number of exits: 8
  • Funds raised: $150,000,000
  • 3 remarkable investments: PortX, Kinara Capital, MyShubhLife

You can find their website here.

You can send them an email at info@patamar.com.

12) KK Fund

KK Fund

KK Fund is a Singaporean venture capital providing seed capital to internet and mobile startups.

Details of the VC firm:

  • Country: Singapore, South Korea, Vietnam
  • City: Ho Chi Minh City, Seoul, Singapore
  • Started in: 2015
  • Founders: Koichi Saito
  • Industries: Internet & Mobile, Crypto & Blockchain, IoT, Entertainment, Fintech, Education, Human Resources, Mobility, Healthcare, Proptech & Real Estate
  • Stages: Seed
  • Minimum check size: $400,000
  • Maximum check size: $500,000
  • Number of investments: 37
  • Number of exits: 3
  • Funds raised: $20,000,000
  • 3 remarkable investments: FishLog, Med247, RoomMe

You can find their website here.

You can send them an email at info@kkfund.co.

13) ESP Capital

ESP Capital

ESP Capital is a sector-agnostic venture capital firm investing in SouthEast Asian startups.

Details of the VC firm:

  • Country: Vietnam, USA, Singapore
  • City: Ho Chi Minh City, Dover, Singapore
  • Started in: 2017
  • Founders: Nam Nguyen
  • Industries: Proptech & Real Estate, Healthcare, Education, DTC, Transportation, Travel & Hospitality, Entertainment
  • Stages: Early Stage
  • Number of investments: 14
  • Number of exits: 2
  • Funds raised: $1,500,000
  • 3 remarkable investments: TaleCity, WeFit, Cooky

You can find their website here.

You can send them an email at contact@espcapital.net.

14) Zone Startups Ventures

Zone Startups Ventures

Zone Startups Ventures primarily provides seed funds to Southeast Asian startups.

Details of the VC firm:

  • Country: Vietnam
  • City: Ho Chi Minh City
  • Started in: 2018
  • Founders: Matt Saunders
  • Industries: Internet & Mobile, Enterprise, SaaS
  • Stages: Seed
  • Number of investments: 11
  • Funds raised: $28,000,000
  • 3 remarkable investments: Fundiin, Edu2Review, Bravo

You can find their website here.

15) Kusto Vietnam

Kusto Vietnam

Since 2005, Kusto is a Vietnamese corporate venture fund.

Details of the VC firm:

  • Country: Vietnam
  • City: Ho Chi Minh City
  • Started in: 2005
  • Founders: Yerkin Tatishev
  • Industries: Construction, Supply Chain & Logistics, Proptech & Real Estate, Social
  • Stages: Growth, Late Stage
  • Funds raised: $50,000,000

You can find their website here.

You can send them an email at contact@kusto.com.vn.

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