More than half of the funding came from domestic investment funds, indicating a growing interest from the domestic investors for start-ups and their willingness to invest, local media reported.
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.
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.
|
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.
Other News
- Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
- Better links with FDI firms to support Hanoi businesses
- Vietnam calls for more US investment in innovation, hi-tech
- Vietnamese leader urges Boeing to build production facility in Vietnam
- Foreign capital pouring into Vietnam's real estate market
- Vietnam news in brief - August 24
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
Trending
-
Vietnam’s future path hinges on ASEAN robust development: Party Chief
-
Vietnam news in brief - November 23
-
Are Vietnamese people living healthier lives?
-
Finding ways to unlock Hanoi's suburban tourism potential
-
Hang Ma Street gears up for festive season
-
A Hanoi artisan turns straw into appealing tourism product
-
“Look! It’s Amadeus Vu Tan Dan” workshop - an artistic journey for kids
-
Vietnam news in brief - November 15
-
Experiencing ingenious spaces at the Hanoi Creative Design Festival 2024