[ August 31, 2023 by amnads 1 Comment ]

Hello world!

Welcome to WordPress. This is your first post. Edit or delete it, then start writing!

april_2023
Newsletter
[ April 19, 2023 by amnads 0 Comments ]

SAVVI NEWSLETTER (APRIL 2023)

SAVVI HIGHLIGHTS

HIGHLIGHTS Founder Spotlight: Hung Nguyen, Founder and Chairman of LogiGear

Big Event Upcoming: TECx 2023

Network News: Dat Bike, Do Ventures, Monk’s Hill Ventures, Patamar Capital

Funding: MindX, Stringee, VPBank, Bamboo Airways

Vietnam Tech and Startup Environment: Economic Growth, FDI, Tax Incentives, Key Industries, and More

DID YOU KNOW?

Vietnam maintains the lowest public debt of all Southeast Asian countries By 2050, Vietnam will have one of the top 10 largest green economies in the world Vietnam is likely to be in the top 15 most powerful countries in the world by 2040

BIG EVENT UPCOMING

TECx is the premier event celebrating the convergence of technology and the arts. Remarkable advances in AI, machine learning, VR/AR, Metaverse, Geoverse, Blockchain, Biotech, Edtech, Agitech, CleanTech, Robotics, among many other technologies, will revolutionize the human experience. Will PE-type investments accelerate this revolution and capitalize on Vietnam’s ascending growth?
The eighth installation of TECx 2023 highlights how these technologies impact the creative arts and
dive into whether these industries will benefit from PE investments. At the forefront of these technologies is AI, which has rapidly advanced in the past decade, allowing for the creation and manipulation of visual art, including film and TV content. Should AI stories be granted originality for purposes of copyright protection? Who owns such works and how can they be distributed? How about AI-generated characters and voices? The impact of AI in the film and TV industry will be profound.
Similarly, music continues to undergo major changes in production and distribution via technology,
including musical composition and performance in the metaverse. The event will explore several business models for music, in various formats, venues, and metaverse media. Our speakers will also address whether existing licensing, contract, marketing, and other related laws will be applicable in the virtual space or if new regulations will need to be created.
Along with substantive business discussions, the event will feature special sessions for aspiring artists
and other stakeholders in the tech, film and music industries. Everyone is invited to experience this
major Media, Music and Motion event. Attendees will enjoy a truly unique experience unlike any other tech event in Vietnam!

FOUNDER SPOTLIGHT

Hung Nguyen, Founder and Chairman of LogiGear

Hung came to the US in 1983 as a boat refugee. With just a high school diploma, he arrived in San Francisco with no money. He spent the next ten years working odd jobs. He worked full-time and put himself through college part-time. After nine years of part-time schooling, he finished his undergraduate degree at a small Silicon Valley-based private school, Cogswell Polytechnic College in 1992. At the time, he was also pioneering the art and science of software testing (a subject that probably not many people cared about). Hung is the author and co-author of several well-known and top-selling publications in the field. Early in his career, he was privileged to work with, then a startup, Electronic Arts, led by Trip Hawkins (founder of Electronic Arts), followed by another startup, US Robotics / Palm Computing, led by Jeff Hawkins (co-founder of Palm Computing, PalmPilot, Handspring, and Treo) and Donna Dubinsky (former CEO of Palm, Inc. and co-founder of Handspring). After also serving in technical leadership roles in a few other software companies, he founded LogiGear with headquarters in San Mateo, California in 1994.

Following the creation of LogiGear, the company grew exponentially in the dot.com era. In 2000, he completed an executive education program with the Stanford Graduate School of Business, anticipating further growth at LogiGear. The opposite happened. The dotcom companies busted and so did many of LogiGear’s customers. LogiGear lost almost everything like many other companies in Silicon Valley at the time.

In 2004/5, Hung came full circle and returned to Vietnam. He invested and opened LogiGear Vietnam with offices in Saigon, Danang and Hue, where 700 of its software engineers work today. Hung successfully led the development and launch of a series of Made-in-Vietnam test automation products including TestArchitect and TestArchitect for Visual Studio.

As it grew again, LogiGear acquired a few companies around the world. Hung eventually sold LogiGear to a Japanese public company, Digital Hearts. As of end of 2022, he has stepped out as CEO of LogiGear, but continues to serve as chairman of the board. Nowadays. he manages LogiGear part-time by day, and pursues his passion for music in evening. In between, he finds time to mentor young entrepreneurs. Guess what instrument he plays? Join us on April 27 and find out.

SAVVI NETWORK NEWS

Dat Bike
At the discussion session at the Vietnam Innovation Forum 2023, Mr. Nguyen Ba Canh Son – founder and CEO of Dat Bike – shared about how this startup flexibly improves and overcomes challenges in the business context of economic fluctuations. Accordingly, Dat Bike is not under pressure in the short term and is growing steadily, but this business is always cautiously observing the market. “Most startups want to change the world in some way (through long-term goals), however, resources are finite factors, so in the face of difficulties, businesses need to prioritize short-term or long-term goals,” said Mr. Son. The founder of Dat Bike also shared about the plan to launch models that can bring 10x growth to the company. “In fact, in 2021 and 2022, Dat Bike both recorded a growth rate of 10 times the previous year,” said Mr. Son. However, according to him, to achieve its goal of changing the world from gas cars to electric cars, this startup needs several times like that 10 times growth. “Profit has never been Dat Bike’s number one priority. With the goal of changing the world, short-term profits are not so important. But each car sold still has to be profitable, to prove this business model is effective,” said Mr. Son. Regarding the fundraising process, all of Dat Bike’s capital so far, from 200,000 USD to several million USD, is focused on two things: better product research and improving production scale and access. client.”

Do Ventures
Filipino fintech Advance has successfully secured $16 million in a pre-Series A funding led by Do Ventures out of Vietnam and Lendable, a technology-enabled investment and debt provider to fintechs in emerging markets. New investors Phoenix Holdings, Kaya Founders, Foxmont Capital, Oyster Ventures, and Crossocean Ventures, as well as existing investors Wavemaker Partners, Next Billion Ventures, Integra Partners, and Accion Venture Lab also participated in the round. Along with the fresh funding, Advance announced that it has expanded into Vietnam with the acquisition of a counterpart platform there. With this latest raise, Advance will introduce more innovative financial products and offer its services to more partners in the Philippines and Vietnam. The firm just acquired BravoHr, a Vietnam-based platform that provides digital solutions for employee engagement, benefits, and rewards. “Given the similarities between the financial landscapes of Vietnam and the Philippines, we are positive that the team will be able to apply its playbook to Vietnam’s untapped market and help improve the financial well-being of millions of Vietnamese employees,” said Vy Le, Co-Founder and General Partner of Do Ventures.

Monk’s Hill Ventures
Singapore-based Monk’s Hill Ventures said it will write checks worth between US$2 million and US$10 millionvia its third fund, which it recently closed. The US$200 million third fund will be used to scout regional tech-enabled startups that are in the series A stage, the VC firm told Tech in Asia. Kuo-Yi Lim , co-founder andmanaging partner at Monk’s Hill Ventures, said capital from the third fund had already been deployed toecommerce firms Rainforest and Upmesh, digital health firms Hannah Life, Ordinary Folk, and Novi Health,among others. According to SEC filings , the Singapore-based investor was initially looking to raise US$150million for the fund. It’s not a surprise that overall funding in Southeast Asia has been off to a slow start. Therewere only 47 funding rounds, totaling US$220 million, in January this year – marking the lowest amount ofcapital secured in a month in the last five years. Lim previously told Tech in Asia that amid slowinginvestments, Monk’s Hill “won’t do more deals just because they’re cheaper.”

Patamar Capital
Mapan , an Indonesia-based FinTech startup, announced Tuesday it has closed a successful Series A round of$15 million co-led by Patamar Capital and PT Astra Digital International, a subsidiary of PT Astra InternationalTbk (Astra). The round also saw participation from Indonesian giants BRI Ventures, SMDV, Blibli, PrasetiaDwidharma, and global venture capital firms Flourish Ventures and 500 Global, Mapan said in a statement. The fresh funds will be deployed to grow product range, expand customer reach, and driving financial inclusionthrough the introduction of products that remove barriers and provide access to financing. “We love Mapan’sunique approach to amplify the power of women in the communities. The concept of Arisan has been core toIndonesian culture for many years, and by digitising it, Mapan brought scalability to the age-old practice. We areexcited to play our part in Mapan’s next phase of growth, as it looks to improve financial access and the qualityof lives of Indonesians,” said Patamar Capital Partner Dondi Hananto.

FUNDING

MindX
MindX, a startup that offers training in technology and programming, has received a US$15 million investment from a group of international funds in the Series B round. The funding round was led by Singaporean fund Kaizenvest, which has invested in many famous startups in the field of education technology (edtech), including unicorns Byju’s and upGrad in India, and Yola English Center in Vietnam.

Stringee
Communication platform startup Stringee has just announced it will receive Series A capital from Vietnam Growth Investment Fund DAIWA-SSIAM III. Before the participation of DSVGF, this communication programming platform startup received capital from Zone Startups Ventures Fund (Canada) and 2 million USD in the Pre-series A round, helping the business grow up to 400%. Stringee is serving more than 1000 enterprise customers with 55 million end users. With this capital, it will put all its efforts in product development to new heights to support Vietnamese businesses in digitizing communication and customer care processes, and at the same time deploying business in the US and Indian markets.

VPBank
Japanese lender SMBC has completed a $1.5 billion deal to purchase a 15% stake in Vietnam’s VPBank in the biggest acquisition ever recorded in Vietnam’s banking industry. The $1.5 billion price tag is the biggest amount ever recorded to acquire a stake in a Vietnamese lender. Before VPBank, BIDV sold a 15% stake to KEB Hana Bank for over VND20 trillion ($850.6 million) in 2019. SMBC’s investment will increase VPBank’s capital by 35% to VND140 trillion, the second biggest in the industry behind Vietcombank.

Bamboo Airways
Bamboo Airways plans to make a rights issue of shares to increase its capital by 54%, or nearly VND10 trillion (US$425.44 million), to fund operations and pay off debts. It will offer 35 new shares for every 100 held and the issuance will be made this year. It currently has a charter capital of VND18.5 trillion. The proposal will be presented to shareholders at an extraordinary general meeting on Apr. 10. The airline has said it has found a buyer to take it over.

VIETNAM TECH AND
STARTUP ENVIRONMENT

“Samsung considers Vietnam a global manufacturing hub and wants to make it a center of research and innovation, the South Korean giant’s CFO, Park Hark Kyu, has said. In a meeting with Prime Minister Pham Minh Chinh, he said he highly regarded Vietnam’s investment and business environment and Samsung wants to make Vietnam the “center of centers” for research and development.”

“Vietnam’s GDP is projected to grow 5.8% this year, sharing the second position with Cambodia in the region, only after the Philippines, according to the International Monetary Fund (IMF). Notably, Vietnam’s public debt is expected to stay at the lowest as compared with eight other ASEAN member countries, the fund said.”

“The government has extended the payment deadlines for value-added and income taxes and land rents for a fifth time to support the economy amid the global headwinds.
Extensions of three to six months will be given for VAT incurred between March and August. Priority sectors such as agriculture, forestry, seafood, food processing, garment, construction, transportation, and logistics will see the VAT and personal income tax dates extended to Dec. 31.”

“Vietnam’s food industry is growing strongly thanks to people’s improved income, increased purchasing power, and the supply of diverse and highly competitive products, an official told a policy dialogue in Hanoi on April 13.”

“President Vo Van Thuong has asked the Vietnamese community in Laos to set its sights on long-term sustainable business growth even though weathering current short-term difficulties will be difficult.”

“The Mekong Delta region needs to sketch out a direction for sustainable, safe and long-term agriculture development, thus promoting the development of the green economy and enhancing the competitiveness of local farm products, said insiders.”

STRATEGIC ALLIANCE VIETNAMESE VENTURES INTERNATIONAL

VENTURE CAPITAL ORGANIZATIONS IN VIETNAM

Antler
Website: antler.co
Contact: https://www.linkedin.com/in/jonssonej/
Pre-seed to Seed
Every sector

Ascend Vietnam Ventures
Website: https://ascendvietnam.com/
Contact: contact@ascendvietnam.com
Every sector
Pre-product market fit

Cocoon Capital
Website:cocooncap.com
Contact:will@cocooncap.com
Seed Round, Series A, Series A
AI, Enterprise Application, Fintech, Insurtech, SaaS, Machine Learning

Do Ventures
Website: https://doventures.vc/en
Contact: https://doventures.vc/en/contact
Early stage
Every sector

East Bridge Partners
Website: https://www.eastbridge.asia/
Contact: info@eastbridgelp.com
Mid-cap investment
Every sector

Gaw Capital Partners
Website:http://gawcapital.com
Contact:info@gawcapital.com
Real estate sector

Golden Gate Ventures
Website: goldengate.vc
Contact: hello@goldengate.vc
Early stage, series A, B
Tooling, consumer apps, SaaS, logistics, e-commerce

IT-Farm
Website: https://www.it-farm.com/
Contact: https://www.linkedin.com/company/it-farm-ltd/about/
Seed to series A
IT

Jungle Ventures
Website: https://www.jungle.vc/
Contact: contact@jungle.vc
Pre-seed, seed, series A
Technology startups

Monk’s Hill Ventures
Website: monkshill.com
Contact: ir@monkshill.com
Series A
Technology startups

Patamar Capital
Website: https://patamar.com
Contact: https://www.linkedin.com/in/geoff-woolley-b0665/
Technology startups

Quest Ventures
Website: https://www.questventures.com/
Contact: info@questventures.com
Seed to Series A
Multi

SoftBank Ventures Asia
Website: softbank.co.kr
Contact: b_plan@softbank.co.kr
Enterprise Software, Mobile

ThinkZone Ventures
Website: thinkzone.vn
Contact: contact@thinkzone.vn
Seed, pre-series A
Fintech, Edtech, Logistics, Ecommerce, Nanotech, Lifestyle, Service

Trihill Capital
Website: https://www.trihillcapital.com/
Contact: INFO@TRIHILLCAPITAL.COM
Early to growth-stage
Solution-oriented companies and transformative founders across sectors and stages.

Vietnam Investments Group
Website: https://ventures.vinacapital.com/
Contact: investment.vc@vinacapital.com
Multi

Wavemaker Partners
Website: https://wavemaker.vc/
Contact: pitchsea@wavemaker.vc
Seed Round
Tech

Full List Coming Soon To https://www.savvicode.com/

Optimized-newsletter_3png-1024×491
Newsletter
[ March 19, 2023 by amnads 0 Comments ]

SAVVI NEWSLETTER (MARCH 2023)

SAVVI HIGHLIGHTS

Founder Spotlight: Rafael Masters and Hạ (Ella) Trịnh, Pioneers of Vulcan Augmetics

Network News: JK Technologies, AuMBER, Antler, VinaCapital Ventures

Funding: Medigo, F88, Masan Group, Rootopia

Vietnam Tech and Startup Environment Internal and External Investment, Economic Diplomacy, and Policy Changes.

DID YOU KNOW?

By 2028, Vietnam’s economy will officially surpass Thailand’s By 2036, Vietnam will be the 20th largest economy in the world and 2nd in SEA Vietnam is likely to have the 5th largest film industry in the world by 2050

FOUNDER SPOTLIGHT

Rafael Masters and Hạ (Ella) Trịnh, Pioneers of Vulcan Augmetics

Entrepreneurship For Good
Rafael Masters and Ella Trinh make up the dream team behind Vulcan Augmetics, an innovative prosthetics company attempting to make losing a body part nothing more than a temporary inconvenience. But who are the two honorable founders behind this lofty ambition? Ella grew up in Phu Yen in central Vietnam, spending a lot of her younger life around veterans and the disabled, due to her father’s work. After graduating from the London School of Commerce, she decided she wanted to come back to Vietnam and contribute back to the country. Ella believes that the Vietnamese are fierce doers, hardworking with high performance, making Vietnam a place of great potential to start a business.

She founded her own startup solo, Boss Lady, which had to wind down, teaching her a lot about sales and online marketing but also that its hard to do things as a one woman team. She then worked in two more startups, gathering experience and learning more about how to run a business, and always keeping an eye open for the next inspiration, and waiting for the chance to build again.

In 2018 she took a job at Alley51, a venture studio, as a project manager, and it was here she met Vulcan. Initially brought in to help accelerate company growth and build the organization, she soon took on a much larger role and was brought on as cofounder within 6 months. Since then she has recruited top talent, created a resilient and innovative organization, and built up a nationwide sales network of clinics and partners, all in the name of improving the lives of millions. At Vulcan she makes sure things are executed fast and effectively across all departments – by having the best people in the team, the most efficient processes in place, the most powerful culture to facilitate it, and the most strategic partners in the business ecosystem. Everything she does ensures those in need get the augmentations they require in a timely manner.

Rafael was raised in a village in the south of the UK, just down the road from Lord Mayor Treloars College, the largest disabled college in the country. Many of his friends as a teenager were wheelchair-bound, or heavily dependent on technology to live full lives, and their resilience and pragmatism were a deep influence. After graduating from University with a degree in Philosophy, he went to Vietnam to travel and work, teaching English for a year before returning to the UK. While in Vietnam however, he came to love the country, the culture and his career in education, and decided to stay. He progressed from teaching to academic development and management.

Rafael decided after 8 years it was time to build something that would make a difference on a much larger scale. He had seen that Vietnam was a country of tremendous potential, with people who were creative, pragmatic and ambitious, but he didn’t yet know enough about business to do the opportunity justice, so he took an MBA. During this time he also started learning more about 3D printing and design, and became involved with the local maker community which opened his eyes to the technological possibilities becoming available. Shortly after graduating he met Akshay, a representative of a venture studio called Alley51, at a networking event. After talking about 3D printing, maker spaces, and entrepreneurship for several hours, Rafael was invited to pitch Alley51 his startup idea and Vulcan Augmetics was born.

In the years since Vulcan was founded Rafael has continued to learn and adapt, incorporating new technology in the most efficient way, and ensuring that the company has built a brand and product that is aligned with real user requirements. His mantra is “Make what the user needs, not what you wish they needed”. At Vulcan he ensures that the company is moving in the right direction with a clear plan, managing tech development, finance and business strategy. Vulcan products are designed with accessibility for the end user clearly in mind, and he makes sure that this is considered at every stage of the development process, and that Vulcan is always aware of the user experience before they commit pen to paper.

Please join us to learn more about this company doing good with technology on March 30 at 8:00p Vietnam time, 9a ET. https://us06web.zoom.us/j/88044885567?pwd=bFd3VmhDWGloZUUxbVNJR0N2Mlphdz09

SAVVI NETWORK NEWS

JK Technologies
JK Technologies is a Houston, Texas – based technology company with five years of experience in the cutting-edge fields of VR and AR technology. The company specializes in creating immersive and interactive solutions for businesses, educational institutions, and content creators, leveraging their expertise in XR (VR, AR, and MR) technologies to deliver unparalleled customer experiences. One of JK Technologies’ flagship products is SEENSIO, an innovative metaverse platform that aims to virtualize Earth, providing an immersive and engaging environment for users. SEENSIO empowers businesses to establish memorable interactions and build thriving customer communities by focusing on delivering personalized experiences, immersive branding opportunities, real-time interactions, gamification, accessibility, and innovative learning and training solutions. As a pioneer in the field of XR technologies, JK Technologies is committed to pushing the boundaries of what is possible in the virtual world. With their team of dedicated professionals, the company continually refines and enhances SEENSIO to ensure it remains at the forefront of the rapidly evolving metaverse landscape. By combining their passion for innovation with a deep understanding of their clients’ needs, JK Technologies is dedicated to helping businesses succeed in the digital age through the power of the SEENSIO metaverse platform.

AuMBER
AuMBER, the IoT device cloud testing platform which allows anyone to add their own smart devices to the
cloud for software developers and testers to test their apps on, will be exiting its beta and entering its official release in April. In addition, they will be launching an additional platform which allows anyone in the world to add their devices to the cloud to be accessed for reasons other than app testing. Users can leave a phone at home and access it from anywhere, even if they travel to other countries. They can access devices in other countries as a type of hardware VPN service. The use cases are up to the users. AuMBER has also announced that they are looking to partner with local Vietnamese device stores who can add devices which are currently sitting idle to the AuMBER cloud and begin generating income from them while the stores are closed. Soon, AuMBER hopes to encourage people around the world to add their old smart devices to their cloud instead of trading them in or disposing of them, adding to the sustainability of the company and the world. By the end of the second quarter of 2023, the founders hope to raise funding from investors, partner with their first large mobile device store chain, and gain their first large enterprise customer, which they are already in the process of doing. They are open to any assistance from the SAVVi community. If anyone has anything to offer, they can be reached at info@aumber.io.

Antler
Antler Vietnam has begun recruiting founders for it’s 4th cohort. To date, they’ve invested in 20 companies
across their first 3 cohorts. They fund companies from day 0 and with no risk on the part of the founders. All that is needed to be accepted is an idea and the determination to pull it off. Their portfolio includes the likes of SAVVi community member AuMBER and on-demand warehousing platform Wareflex. The application to
apply can be found here: https://www.antler.co/location/vietnam. Antler is currently particularly interested in increasing it’s number of qualified female founders and tech founders, two segments where it already excels compared to its peers, but believes there is always room for improvement. Founders who apply do not need to be Vietnamese citizens. They just need to be building in Vietnam.

VinaCapital Ventures
VinaCapital Ventures is on the cusp of closing its most recent fund. “We are in the process of closing our final deals over the next three months, before we stop investing in new startups . About two-thirds of the value of the remaining fund will be earmarked to further invest in the companies in our portfolio,” said Hoang Duc Trung, Director of VinaCapital Ventures. The second fund of VinaCapital Ventures started operating in 2018 and has invested $26 million in 17 companies, including Rever, Logivan, Koina, An Vui and many others. VinaCapital Ventures is managing about 100 million USD with the expectation of profit of about 20%/year. “On average, 16% is the odds a fund can survive and return investors. If it reaches 16 to 30%, it’s good, but over 30% is better. Venture capital is about taking risks, so the expectation of profit must be big enough,” Trung said. VinaCapital Ventures will continue to launch a third fund in the second half of this year, targeting companies creating technology solutions in deeper funding rounds.

FUNDING

Medigo
Medigo, a Vietnam-based company which helps users order medicine from trusted pharmacies close to them online, just raised $2 million from East Ventures. The company plans to use the investment to “strengthen its service and develop a healthcare ecosystem in Vietnam” by including remote doctor consultation and quick medicine delivery 24/7 within 20 minutes.

F88
F88 Investment Joint Stock Company (F88) on Thursday announced that it
sF88 Investment Joint Stock Company (F88) on Thursday announced that it successfully raised a series C investment of US$50 million. The two main investors in this round are Việt Nam-Oman Investment Fund (VOI) and Mekong Enterprise Fund IV (MEF IV). The fresh funds will be invested in technology, data analytics and data science, brand building and acquiring new customers, developing human resources, and attracting new talents.

Masan Group
Retail giant Masan Group has secured $650 million in a syndicated loan from a group of lenders to fund future operations. The loan was provided by BNP Paribas, Credit Suisse, HSBC, Standard Chartered Bank, and the United Overseas Bank, in which $375 million have been committed , Masan said in a statement Friday. The loan has a five-year tenor with an annual interest rate of 8%. Including another $600 million loan that was secured at the end of November, the company could potentially get $1.25 billion in new financing within over three months.

Rootopia
Rootopia, a fintech startup connecting students with angel investors in Vietnam, has secured US$1 million in a pre-seed round from Genesia Ventures,
ThinkZone Venture, and BK Fund.
With the funding, Rootopia plans to grow its early user base to reach productmarket fit. It will also improve its technology platform to serve more students to uplift their future through better education.

VIETNAM TECH AND STARTUP ENVIRONMENT

“More than 50 companies, including defense,pharmaceutical and tech firms, will participate in themission organized by the US-ASEAN Business Council,an industry body, according to a list seen by Reuters.”

“Vietnam’s outbound investments reached $115.1 million in the first two months of this year, 2.16 times higher than that the same period last year, according to the General Statistics Office (GSO).
Of the sum, $109.4 million was poured into 10 new projects, a 2.1-fold rise year-on-year. Meanwhile, four other projects increased their capital by nearly $5.7 million.”

“Vietnam needs to strengthen its economic diplomacy to attract investments from multinational companies and achieve green transformation and sustainable development, PM Pham Minh Chinh has said. Chairing a Cabinet meeting on Thursday, he said Vietnam has gradually shifted its focus to diplomacy to serve socio-economic recovery and development.”

“Samsung Vietnam’s four factories recorded a revenue of nearly $71 billion last year, accounting for 30% of the South Korean’s electronic giants. The four factories posted a profit of $4.6 billion, according to the giant’s earnings report.”

“Trade in just 12 key markets (Australia, China, Hong Kong, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Taiwan, Thailand, and Việt Nam), known as the Asia 12, accounts for 88 per cent of intra-Asia trade today and could more than double in value from US$6.4 trillion in 2020 to $13.5 trillion in 2030.”

“The Government chief tasked subordinate levels to amend and supplement entry and exit policies for international arrivals in the direction of increasing the number of countries to the current visa waiver scheme with longer duration of visa-free stay, and expanding evisa program.”

STRATEGIC ALLIANCE VIETNAMESE VENTURES INTERNATIONAL

VENTURE CAPITAL ORGANIZATIONS IN VIETNAM

Antler
Website: antler.co
Contact: https://www.linkedin.com/in/jonssonej/
Pre-seed to Seed
Every sector

Ascend Vietnam Ventures
Website: https://ascendvietnam.com/
Contact: contact@ascendvietnam.com
Every sector
Pre-product market fit

Cocoon Capital
Website:cocooncap.com
Contact:will@cocooncap.com
Seed Round, Series A, Series A
AI, Enterprise Application, Fintech, Insurtech, SaaS, Machine Learning

Do Ventures
Website: https://doventures.vc/en
Contact: https://doventures.vc/en/contact
Early stage
Every sector

East Bridge Partners
Website: https://www.eastbridge.asia/
Contact: info@eastbridgelp.com
Mid-cap investment
Every sector

Gaw Capital Partners
Website:http://gawcapital.com
Contact:info@gawcapital.com
Real estate sector

Golden Gate Ventures
Website: goldengate.vc
Contact: hello@goldengate.vc
Early stage, series A, B
Tooling, consumer apps, SaaS, logistics, e-commerce

IT-Farm
Website: https://www.it-farm.com/
Contact: https://www.linkedin.com/company/it-farm-ltd/about/
Seed to series A
IT

Jungle Ventures
Website: https://www.jungle.vc/
Contact: contact@jungle.vc
Pre-seed, seed, series A
Technology startups

Monk’s Hill Ventures
Website: monkshill.com
Contact: ir@monkshill.com
Series A
Technology startups

Patamar Capital
Website: https://patamar.com
Contact: https://www.linkedin.com/in/geoff-woolley-b0665/
Technology startups

Quest Ventures
Website: https://www.questventures.com/
Contact: info@questventures.com
Seed to Series A
Multi

SoftBank Ventures Asia
Website: softbank.co.kr
Contact: b_plan@softbank.co.kr
Enterprise Software, Mobile

ThinkZone Ventures
Website: thinkzone.vn
Contact: contact@thinkzone.vn
Seed, pre-series A
Fintech, Edtech, Logistics, Ecommerce, Nanotech, Lifestyle, Service

Trihill Capital
Website: https://www.trihillcapital.com/
Contact: INFO@TRIHILLCAPITAL.COM
Early to growth-stage
Solution-oriented companies and transformative founders across sectors and stages.

Vietnam Investments Group
Website: https://ventures.vinacapital.com/
Contact: investment.vc@vinacapital.com
Multi

Wavemaker Partners
Website: https://wavemaker.vc/
Contact: pitchsea@wavemaker.vc
Seed Round
Tech

Full List Coming Soon To https://www.savvicode.com/

SAVVi-Newsletter-Feb-2023-1024×454
Newsletter
[ February 20, 2023 by amnads 0 Comments ]

SAVVI NEWSLETTER (FEB 2023)

SAVVI HIGHLIGHTS

Founder Spotlight: Phil Tran, Founder of Glass Egg in Senior Success: Entrepreneurship At Any Age

Network News: ELSA, POPS, LogiGear, Golden Gate Ventures

Funding: Gimo, Aura Network, Koina, Quqo, ODA.vn

Vietnam Tech and Startup Environment
Financing, Regulations, Industry Focuses, Trade Milestones, and More.

DID YOU KNOW?

Vietnam has the third highest number of unicorns in Southeast Asia
Vietnam is in the top 20 highest FDI recipients in the world and the highest is SEA
The VND currency is the most stable in Southeast Asia

FOUNDER SPOTLIGHT

Phil Tran, Founder of Glass Egg

Senior Success: Entrepreneurship At Any Age
Phil Tran left Vietnam in the last days of the War and settled in San Diego when he was twelve years old. Near where he lived, the famous singer Khanh Ly opened Que Huong, the first Asian supermaket in San Diego. In it was a tiny bookshop, selling old classics reprinted from copies some refugees happened to take with them. There were not many, but he read most of them. It wasn’t until four years later that he was able to comprehend English books.The first English book he read was Gone With The Wind.

Twenty one years later, in 1994, as he was studying for a lawschool exam, he heard on TV that the US was lifting its embargo against Vietnam. The news triggered his curiosity, and that summer he took a summer job at a law firm in Hanoi. The job gave him a wide view on the different industries in Vietnam where foreigners were making investments. He was impressed by the pent-up energy and the entrepreneurial spirit of the people he met.He knew he had to be a part of it.

In 1999, with financial backing from Dragon Capital, a leading PE firm in Vietnam, he opened Glass Egg Digital Media Ltd., a highly specilalised 3D graphics studio serving the growing computer games markets in the US. As such service was virtually unknown, Glass Egg had to go through a long and difficult time. The lowest was in 2009, during the financial crisis, when companies worldwide were forced to pull back on their outsourcing projects.

Keeping it together as 2010 started to see the markets return, Glass Egg began to see a growing demand for its services.That surge of growth sustained a positive trajectory for 13 years. Today Glass Egg occupies 3 floors of Ree Tower and was just licensed for a satellite studio in Dalat.All in all, GE has nearly 500 engineers, graphics artists, and managers.In late 2021, a friendly competitor and indusrty leader expressed an interest in acquiring Glass Egg. Phil Tran closed the transaction on May 18, 2022. At 59, Phil successfully exited Glass Egg at its peak and is now semi retired.

During his time in Vietnam, besides Glass Egg, Phil together with some partners founded a variety of startups, most notably Lush, the oldest night club in HCMC; Glowie, a talent hunting mobile app; Pasteur Street Beer, a craft beer establishment; and Blush, a top grade beach club in Danang Vietnam.

Phil now spends his time polishing and pitching a 30 episodes TV series, Đúng Sai Ai Biết. The series is a parable of his life and work in Vietnam. It took him two years to write. The film industry is not new to Phil. His family made the first feature for Vietnam {Kiếp Hoa, 1950). He had been involved in the making of prior feature films like Funny Money (Tiền Chùa, 2013) and Go Go Sisters (Tháng Năm Rực Rỡ, 2016). He also spends time learning to write songs for his girlfriend, Phuong, “a songtress with the sweetest of voices”, said Phil. While Glass Egg was his life for over 20 years, his passion remains in writing, music and film.

You are invited to a Zoom webinar on Feb 28, 2023 10:30 AM Eastern Time (US and Canada)
Topic: SAVVi Founder Spotlight Series: Phil Tran, Senior Success

Please click the link below to join the webinar:
https://us06web.zoom.us/j/88986565679?pwd=aldVQzJNaktGOWZqMmJwUnNpOHlRUT09
Passcode: 341166

SAVVI NETWORK NEWS

UPDATES

ELSA

After launching the application of learning to speak English by AI ELSA Speak, ELSA has attracted attention at home and abroad as the first Vietnamese startup to reach the final and win the SXSW Edu Launch 2016 Education Technology Exhibition in the US. The application is invested by Google’s Gradient Ventures fund, the top 5 lot “Artificial intelligence applications” according to Research Snipers. In addition to achievements in the international arena, ELSA has just ended 2022 with 3 consecutive victories at the awards “Typical Education Technology”, “Famous Vietnamese Brand” and “Products and Services” good quality” in 2022 by the Center for Consumer Protection thanks to its significant contributions to improving the foreign language skills of more than 10 million Vietnamese.

POPS

Back in August of last year, Asian media giant POPS Worldwide announced its metaverse entry with DinoPOPS NFT launch which continues to this day, shaken but not erased by the crypto and overall market volatility. “Web3 is all about decentralisation, individuals and true personal ownership. As an audience-first company, we’re inviting DinoPOPS holders and collectors to be the owners of the IP, not just buyers. It is empowered by our efforts to bring win-win utilities like long-term revenue share schemes to DinoPOPS owners and Metaverse activities in the future”, said Ms. Esther Nguyen, the Founder and CEO of POPS Worldwide. “This NFT launch plays a key role in POPS’ strategy to build a massive and dynamic digital ecosystem. We are excited to bring one of our biggest IPs to life through an algorithmically generated digital collectibles. This is just the beginning as we pave the way for our IPs and artists to enter the next stage to Web3 and metaverse.”

LogiGear

LogiGear, a leading provider of test automation and QA services, continues to expand and transform its business into an enterprise solutions services company through strategic M&A and new services offerings, beyond premium test automation and QA services. Jim Ellis assumes the role of CEO of LogiGear Group to focus on future expansion and integration of the growing group of companies, offering clients digital modernization and transformation services. Mr. Ellis brings to LogiGear several decades of entrepreneur experience including new business formation and enterprise value creation, accelerating growth and M&A. While the company pushes forward with its expansion plans, Hung Nguyen will continue to serve as Chairman/CEO of LogiGear Corporation. Looking forward, LogiGear has more M&A on the horizon, as part of providing specialization across all major SaaS services, platforms, and technologies, specifically focusing on CRM and ERP, delivered on a global scale.

Golden Gate Ventures

On a recent morning, Vinnie Lauria found himself weaving through the clogged, narrow streets of Ho Chi Minh City on a motorbike with his three-year-old son as they navigated the morning rush to school. Had he still been living in Silicon Valley the commute would have been less adventurous, but this was where the action was.
Lauria, an American expat and co-founder of Golden Gate Ventures, relocated to Ho Chi Minh City in 2022 after previous stints in Singapore and San Francisco, joining a growing number of foreigners lured there by a belief that the dense metropolis is a new mecca for startups. “Southeast Asia is going to be a global growth engine in the next 10 years and Vietnam will be at the center of it,” said Lauria, sporting a pony tail and dressed tech casual in a printed shirt and white shorts. The number of startups in the country nearly doubled from the beginning of the pandemic through mid-2022, according a July report by KPMG International Ltd. and HSBC Holdings Plc. Some of the world’s biggest investors, including Sequoia Capital, Warburg Pincus LLC and Alibaba Group Holding Ltd., are backing those offering promising solutions.

FUNDING

GIMO

Vietnam’s on-demand salary payment startup GIMO has raised $4.6 million in a Series A funding round. The startup, which offers nearly instant payroll to blue-collar workers whenever they need it, has secured the cash from Southeast Asia-focused venture capital company TNB Aura, among others, DealStreetAsia reported. In 2021, the company raised $1.9 million from a group of investors led by Integra Partners.

Aura Network

Vietnamese non-fungible token (NFT) platform Aura Network has closed the fundraising round of $4 million, with Hashed and Coin98 Ventures co-leading the round. Following the strategic advisory partnership announcement with Republic Crypto, this is the next committed milestone ahead of its Mainnet launch in the first quarter of 2023, Aura Network said in a statement on Wednesday. In this fundraising round, Aura Network engaged some notable blockchain projects, including GuildFi, Istari Ventures, Republic Crypto and other angel investors.

Koina

VinaCapital Ventures, the technology investment vehicle of VinaCapital Group, announced last week that it is investing $1 million in Koina, a Vietnam-based data-driven Farm-to-Business (F2B) agriculture technology platform.
VinaCapital Ventures said in a statement that its investment comes as part of a seed extension round of fundraising by Koina.

Quqo

Vietnamese venture capital firm Touchstone Partners has on Tuesday announced that it is investing $1 million in a seed round in Quqo, a Vietnam- based asset-light business to business (B2B) distribution platform that connects buyers, suppliers, and end-consumers in the fast-moving consumer goods (FMCG) sector. Touchstone Partners said in a statement that the investment will enable Quqo to grow its team together with its customer base and expand its distribution network across Vietnam.

VIETNAM TECH AND STARTUP ENVIRONMENT

“The Asian Development Bank (ADB) has led a US$135 million financing package for Vietnam-based automotive firm VinFast to manufacture the country’s first fully- electric public transport bus fleet and first electric-vehicle charging network.”

“Vietnam has approved a National Green Growth Strategy for the 2021-2030 period, with a vision to 2050. It has made strong commitments such as zeroing net emissions by mid-century, reducing global methane emissions by 2030, joining the Glasgow declaration on forests and land use, and the global declaration on transitioning coal power into clean energy.”

“The Vietnamese government has demanded that tech firms keep user data within the country’s borders, urging them to open up local branches, Reuters reported. Effective October 1, foreign tech giants such as Google and Facebook will be given 12 months to open local offices and will need to store user data in Vietnam for at least 24 months.”

“Vietnam’s stable economic and political context has opened up opportunities to attract foreign investment by world-leading semiconductor corporations for the research, application and development of new technologies, such as AI, IoT, and Big Data.”

“Vietnam is viewed as a country with high potential for fast digital economic development and digital transformation trend across all fields. It has set a target to post 31 percent growth in gross merchandise value (GMV) from US$23 billion in 2022 to US$49 billion in 2025, the highest growth in the region, according to the “e-Conomy SEA 2022″ report released by Google, Temasek and Bain & Company in October.”

“Exports continued growing at a double-digit rate, yielding a trade surplus of nearly US$4 billion in the first eight months. Could you share the reasons behind this achievement?In the first eight months of 2022, foreign trade value totaled approximately US$500 billion, with import and export value growing 13.6 percent and 17.3 percent, respectively, compared with the same period last year.”

STRATEGIC ALLIANCE VIETNAMESE VENTURES INTERNATIONAL

VENTURE CAPITAL ORGANIZATIONS IN VIETNAM

Antler
Website: antler.co
Contact: https://www.linkedin.com/in/jonssonej/
Pre-seed to Seed
Every sector

Ascend Vietnam Ventures
Website: https://ascendvietnam.com/
Contact: contact@ascendvietnam.com
Every sector
Pre-product market fit

Cocoon Capital
Website:cocooncap.com
Contact:will@cocooncap.com
Seed Round, Series A, Series A
AI, Enterprise Application, Fintech, Insurtech, SaaS, Machine Learning

Do Ventures
Website: https://doventures.vc/en
Contact: https://doventures.vc/en/contact
Early stage
Every sector

East Bridge Partners
Website: https://www.eastbridge.asia/
Contact: info@eastbridgelp.com
Mid-cap investment
Every sector

Gaw Capital Partners
Website:http://gawcapital.com
Contact:info@gawcapital.com
Real estate sector

Golden Gate Ventures
Website: goldengate.vc
Contact: hello@goldengate.vc
Early stage, series A, B
Tooling, consumer apps, SaaS, logistics, e-commerce

IT-Farm
Website: https://www.it-farm.com/
Contact: https://www.linkedin.com/company/it-farm-ltd/about/
Seed to series A
IT

Jungle Ventures
Website: https://www.jungle.vc/
Contact: contact@jungle.vc
Pre-seed, seed, series A
Technology startups

Monk’s Hill Ventures
Website: monkshill.com
Contact: ir@monkshill.com
Series A
Technology startups

Patamar Capital
Website: https://patamar.com
Contact: https://www.linkedin.com/in/geoff-woolley-b0665/
Technology startups

Quest Ventures
Website: https://www.questventures.com/
Contact: info@questventures.com
Seed to Series A
Multi

SoftBank Ventures Asia
Website: softbank.co.kr
Contact: b_plan@softbank.co.kr
Enterprise Software, Mobile

ThinkZone Ventures
Website: thinkzone.vn
Contact: contact@thinkzone.vn
Seed, pre-series A
Fintech, Edtech, Logistics, Ecommerce, Nanotech, Lifestyle, Service

Trihill Capital
Website: https://www.trihillcapital.com/
Contact: INFO@TRIHILLCAPITAL.COM
Early to growth-stage
Solution-oriented companies and transformative founders across sectors and stages.

Vietnam Investments Group
Website: https://ventures.vinacapital.com/
Contact: investment.vc@vinacapital.com
Multi

Wavemaker Partners
Website: https://wavemaker.vc/
Contact: pitchsea@wavemaker.vc
Seed Round
Tech

Full List Coming Soon To https://www.savvicode.com/

SAVVi-Newsletter-Jan-2023-1024×455
Newsletter
[ January 20, 2023 by amnads 0 Comments ]

SAVVI NEWSLETTER (JAN 2023)

SAVVI HIGHLIGHTS

Founder Spotlight: Binh Dang, Founder of MeridianLink

Network News: Jungle Ventures, OP3N, Patamar Capital, VinaCapital

Funding: Antler Companies, Open Commerce, Infina, SoBanHang, Jio Health

Vietnam Tech and Startup Environment
Investment Increases, R&D Centers, Tech Unicorns, and More

DID YOU KNOW?

Vietnamese is the fifth most spoken language in the US and is rising fast
Vietnam’s average unemployment rate for the past 10 years is 1.7%, among the lowest
FDI into Vietnam increases by about 8% per year

FOUNDER SPOTLIGHT

Binh Dang, Founder of MeridianLink

In 2018, after 18 years building out MeridianLink, Binh Dang sold his 50% ownership stake to Thoma Bravo, a private equity firm specializing in acquiring software companies and has over $114 billion in assets under management. When he exited, Dang, who had served as the CEO from inception until 2016, created an over 80% annualized ROI. MeridianLink went public in 2021 on the NYSE with a market valuation of over $2 billion at the time of the IPO.
Thoma Bravo had acquired MeridianLink and CRIF Lending Solutions to merge them for an undisclosed amount. The combined organization became MeridianLink and served approximately 1,200 customers and over 300,000 end users at the close of the merger.

The merger was meant to enable the combined organization to extend technology investments into privacy protections and best-in-class data analytics for financial institutions. Like most PE deals, it was financed in part by a $350 million senior secured credit facility arranged.

Dang founded the company with a friend in college as a software consulting company. They used their money and knowledge acquired providing consulting to transform the company into a product company. Their first product, MortgageCreditLink, was a credit reporting system for mortgages. It made the company profitable within 12 months of release. This product financially supported the development of the company’s next two products.

Their strong growth and cash flow, along with an internal conflict among the management team that went public through court litigation, attracted the interest of Thoma Bravo, who viewed this as an opportunity to consolidate the market. MeridianLink at the time was considered the “800-pound gorilla in the consumer Loan Origination Software (LOS) space, in both functionality and number of clients.” Analysts opined that the merger will stabilize MeridianLink’s management issues and avoid unnecessary duplication in technology.
Dang is now applying the knowledge and capital he acquired from his experience with MeridianLink to launch his new company, Quest for Justice.
On January 27th, 2023, 10:30 a.m. (PST), please join SAVVi in an exclusive Zoom interview where Binh Dang, co-founder and former CEO of Meridianlink, will share his experience in selling his company to Thoma Bravo.
Get your questions for Binh Dang ready and save the LINK!
Click the link below to join the webinar:
https://us06web.zoom.us/j/87491604700?pwd=R0d3dXhzWStTQUlBNUFHQkFUZUJSQT09
Passcode: 062529

SAVVI NETWORK NEWS

UPDATES

Jungle Ventures

Singapore-based venture firm Jungle Ventures is digging deeper into Southeast Asia and India with the close of its fourth fund. Fund IV totals $600 million, with $450 million for new investments and $150 million earmarked for follow-up investments in its portfolio companies. The fund’s close brings Jungle Ventures’ total assets under management to over $1 billion, which it says makes it the first independent, Singapore-headquartered venture firm that invests across Southeast Asia and India to hit this milestone. Jungle Ventures was founded in 2012 by Amit Anand and Anurag Srivastava, launching with a $10 million debut fund. Jungle Ventures has about 60 portfolio companies and says its enterprise value is over $12 billion on $250 million of invested capital, with a loss ratio of less than 5%.
Some of Jungle Ventures’ most notable investments include unicorns Kredivo, Livspace and Moglix. It looks for companies that can expand between Southeast Asia and India; for example, Livspace was founded in India and now operates in Southeast Asia, too.

OP3N

Now United, the global pop group launched by American Idol creator Simon Fuller in 2016, will be the subject of an interactive live-action musical film hosted on the NFT platform OP3N. The film will be exclusively available to NFT pass holders on the OP3N app, which was launched in 2021. The project is being mounted in partnership with Culture Catalyst, a $100 million initiative to fund and support the development of arts, entertainment and culture projects on the Avalanche public blockchain developed by Ava Labs. The musical, which will feature members of Now United and original songs, is designed to inspire schools to create their own version of performances featured in the film and compete to win a contest on the OP3N platform as voted on by community members.

EVENTS

27 Jan

Binh Dang Interview Webinar

26 Jan

Tết Business Networking Event

13 April

Smart Tech Vietnam 2023

Patamar Capital

Beacon, a women-focused investment firm backed by Singapore-based Patamar Capital, announced that it has launched Beacon Fund, an investment vehicle with an initial target of US$50 million, to invest in female entrepreneurs in Southeast Asia. Having already raised around 25% of its goal amount, the fund’s initial focus will be on debt products, which Beacon said tend to be a better fit for the moderate-growth and cash flow- positive businesses that the fund targets. The investment vehicle’s check sizes would range from US$500,000 to US$2 million, though it said this could be smaller if it spots businesses that contribute to Covid-19 recovery measures, according to a statement. Beacon Fund will invest in companies that match its target profile, including startups in sectors like education, agribusiness, and healthcare, among others. The fund is expected to make its first investment before the end of the year.

VinaCapital

Vietravel Holdings has sold 1.78 million shares of tourism company Vietravel, or a 10.3% stake, to investment fund VinaCapital. The deal was made on December 23 at a price of VND24,000 ($1) per share, more than 10% higher than its current market price of VND21,300. The Hanoi Stock Exchange restricted trading in the VTR stock on the UPCoM market to Fridays since September 13 on account of negative equity. After the sale to VinaCapital, Vietravel Holdings owns 5.26 million VTR shares, or 30.38% of the tourism company. Vietravel reported profits of nearly VND7 billion ($282,000) in the third quarter after incurring losses during the two previous quarters. The company reported revenues of VND1.49 trillion in the third quarter, 25 times up from a year earlier. Its carrier, Vietravel Airlines, began a daily Hanoi-Bangkok service in mid-December, and plans to launch HCMC-Bangkok services in early February 2023.

FUNDING

Antler Vietnam’s Second Cohort Companies

7 of Antler Vietnam’s companies: AuMBER, BUYO, Edupops, Kyons, Neoloka, Petgotchi, and Shelfi participated in Antler Vietnam’s Investor Night on the 12th of January. Each company pitched to over 100 VC representatives in person. They are all actively looking for funding. Their information can be found here https://www.antler.co/portfolio

Open Commerce

Cross-border e-commerce company OpenCommerce Group (OCG) raised US$7 million in a Series A funding round in late February. The business provides affordable and all-encompassing support services to online sellers, and has already expanded to San Francisco and Shenzhen. Another e-commerce platform, Mio, finalised US$8 million in their 2022 Series A funding round with new investors Jungle Ventures, Patamar Capital, Oliver Jung, GGV Capital, Venturra, Hustle Fund, and more. Established in the midst of the pandemic in June 2020, the trading platform enables the buying and selling of agricultural products in Vietnam’s smaller cities and rural areas.

Infina

FinTech startup Infina secured US$6 million in its seed funding round from Sequoia India’s Surge programme, Y Combinator, Saison Capital, Starling Ventures, Alpha JWC Ventures, and AppWorks. The investment and accumulation platform provides users with a range of options from fund certificates and stocks, to fixed income products.

SoBanHang

Management application SoBanHang raised US$2.5 million in March 2022 from FEBE Ventures, Class 5, and Trihill Capital, among others. The app was developed by brothers Bui Hai Nam, the former CEO of Lazada Vietnam, and Bui Hai Long, the former Chief Analyst and CTO of Landers Superstore in the Philippines. The app helps small businesses create online stores and manage orders and funds raised will focus on their product range and developing new features.

Jio Health

HealthTech startup Jio Health also finalised its series B funding round led by Singapore’s Heritas Capital in March 2022, securing US$20 million. Through their innovative technology, the platform aims to provide affordable healthcare across the country, connecting doctors and nurses with patients anytime, anywhere.

VIETNAM TECH AND STARTUP ENVIRONMENT

“Vietnam’s startup market is set to receive investment capital worth US$5 billion during the 2023-2025 period.
The figures were announced at the Vietnam Venture Summit 2022 with the theme “Shifting Global Capital Flows” held on December 19, where 39 venture capital funds pledged to invest $1.5 billion in local startups during the period.”

“Tax incentives, low labour costs, along with plenty of other favourable policies can be considered the primary reasons why a number of global technology giants have chosen Vietnam as their base for production.”

“Vietnam’s growing capacity to make complex tech products is attracting more foreign investors who are setting up factories. Apple supplier BOE Technology Group plans to invest US$400 million to build two factories in Vietnam, Reuters reported recently. It is in talks to lease land in the north to put up factories to add to its relatively small plant in the south that supplies mostly television screens to South Korea’s Samsung and LG Electronics, the report said. BOE is the latest tech company to eye Vietnam as its next manufacturing hub, where already smartphones, laptops and cameras are made by or for multinationals such as Samsung and Apple.”

“Reports showed that total investment decreased by 17.9 percent to $494.208 million from $602.25 million in 2021. The number of investment deals during that time was 94, a 13 percent decrease year-on-year. However, the scale of the deals increased. Vietnam attracted nearly $500 million in technologies, and the number of successful deals accounted for 19 percent of all of Southeast Asia. Experts said that Vietnam is one of three points of the golden triangle of startups in Southeast Asia besides Singapore and Indonesia.”

“South Korea and Vietnam held a ribbon-cutting ceremony for the Vietnam-Korea Institute of Science and Technology (VKIST) in the Vietnamese capital of Hanoi on January 17.”

“Vietnam is speeding up the development of the digital economy, considering this a “breakthrough” step to promote the country’s economic growth in the context of the 4th industrial revolution. Vietnam is viewed as a country with high potential for fast digital economic development and digital transformation trend across all fields.”

STRATEGIC ALLIANCE VIETNAMESE VENTURES INTERNATIONAL

VENTURE CAPITAL ORGANIZATIONS IN VIETNAM

Antler
Website: antler.co
Contact: https://www.linkedin.com/in/jonssonej/
Pre-seed to Seed
Every sector

Ascend Vietnam Ventures
Website: https://ascendvietnam.com/
Contact: contact@ascendvietnam.com
Every sector
Pre-product market fit

Cocoon Capital
Website:cocooncap.com
Contact:will@cocooncap.com
Seed Round, Series A, Series A
AI, Enterprise Application, Fintech, Insurtech, SaaS, Machine Learning

Do Ventures
Website: https://doventures.vc/en
Contact: https://doventures.vc/en/contact
Early stage
Every sector

East Bridge Partners
Website: https://www.eastbridge.asia/
Contact: info@eastbridgelp.com
Mid-cap investment
Every sector

Gaw Capital Partners
Website:http://gawcapital.com
Contact:info@gawcapital.com
Real estate sector

Golden Gate Ventures
Website: goldengate.vc
Contact: hello@goldengate.vc
Early stage, series A, B
Tooling, consumer apps, SaaS, logistics, e-commerce

IT-Farm
Website: https://www.it-farm.com/
Contact: https://www.linkedin.com/company/it-farm-ltd/about/
Seed to series A
IT

Jungle Ventures
Website: https://www.jungle.vc/
Contact: contact@jungle.vc
Pre-seed, seed, series A
Technology startups

Monk’s Hill Ventures
Website: monkshill.com
Contact: ir@monkshill.com
Series A
Technology startups

Patamar Capital
Website: https://patamar.com
Contact: https://www.linkedin.com/in/geoff-woolley-b0665/
Technology startups

Quest Ventures
Website: https://www.questventures.com/
Contact: info@questventures.com
Seed to Series A
Multi

SoftBank Ventures Asia
Website: softbank.co.kr
Contact: b_plan@softbank.co.kr
Enterprise Software, Mobile

ThinkZone Ventures
Website: thinkzone.vn
Contact: contact@thinkzone.vn
Seed, pre-series A
Fintech, Edtech, Logistics, Ecommerce, Nanotech, Lifestyle, Service

Trihill Capital
Website: https://www.trihillcapital.com/
Contact: INFO@TRIHILLCAPITAL.COM
Early to growth-stage
Solution-oriented companies and transformative founders across sectors and stages.

Vietnam Investments Group
Website: https://ventures.vinacapital.com/
Contact: investment.vc@vinacapital.com
Multi

Wavemaker Partners
Website: https://wavemaker.vc/
Contact: pitchsea@wavemaker.vc
Seed Round
Tech

Full List Coming Soon To https://www.savvicode.com/

SAVVi-Newsletter-Dec-2022-1024×453
Newsletter
[ December 20, 2022 by amnads 0 Comments ]

SAVVI NEWSLETTER (DEC 2022)

SAVVI HIGHLIGHTS

Founder Spotlight: No Spotlight for the holidays. Enjoy a gift instead.

Network News: Beowulf, Elsa, MeridianLink,and POPS

Funding: Azota, Dat Bike, Antler Vietnam’s Second Cohort Companies

Vietnam Tech and Startup Environment: Investment pledges, Trade Milestones, Apple Manufacturing Increases, and More

DID YOU KNOW?

Vietnam is likely to have a trade surplus every year for the next 30 years
This year, Vietnam took the lead in the internet economy among SEA nations
Vietnam has the fastest growing manufacturing industry in the world

FOUNDER SPOTLIGHT

Due to the holidays, SAVVi will not have a Founder Spotlight this month

As a special New Years gift specifically for the SAVVi Community and to celebrate their beta launch, AuMBER, the mobile cloud testing platform, is offering all SAVVi newsletter recipients free testing for 3 months. Go to portal.aumber.io and begin testing your organization’s app or website on any android or iOS device you want completely free without needing to input any payment information.

This is the first of many SAVVi Community benefits which will be available solely to SAVVi Community members and their organizations with the purpose of helping each other to grow and thrive.

Happy Holidays

SAVVI NETWORK NEWS

UPDATES

Beowulf

Beowulf Blockchain, the global leader in decentralized communications and data cloud networks, announced today a strategic and comprehensive partnership with Saigon Postel Corporation (SPT) to deploy QUICKOM communication suite for SPT’s current customers and beyond. This partnership will effectively provide confidential and secure conference and communication to business and government sectors across all devices especially TV platforms at any time and anywhere. Mr. Ninh Vo, the CEO of the SPT Group said, “ This partnership will create a new kind of smartphone that can handle all kinds of communications securely and confidentially, which is critical for our business and governmental customers. Therefore, we are delighted to join force with Beowulf Blockchain to bring this communication concept to reality”.The partnership will create a new product called Quickom-SPT.

Elsa

ELSA Speak ‘launches’ a cost-effective English learning solution for Vietnamese students. After months of revealing information about the new school program, parents were delighted when ELSA Speak – the world’s top 5 AI-based English learning app officially introduced to users the “ELSA for Students” learning package. ” exclusively for Vietnamese students, from Grade 1 to Grade 12, combined with the English Discovery series of Pearson’s standard general education curriculum, bringing many outstanding advantages at a very reasonable cost. Sharing about the dreams for this launch, Mr. Michael Ngo – ELSA’s Country Director for Vietnam said: “Besides targeting students and working people, ELSA wants to provide access to opportunities. Native standard English for all Vietnamese students, supporting them to develop listening and speaking skills, which are still limited skills of Vietnamese students in the process of learning foreign languages. From there, it helps you confidently communicate in English to integrate and develop in the era of globalization.”

EVENTS

13 April

Smart Tech Vietnam 2023

26 Jan

Tết Business Networking Event

12 Jan

TẾT MEET-UP : ROAD TO WEB 3.0

6 March

Startup Valuation and Fund Raising

MeridianLink

The leading provider of modern software platforms for financial institutions and consumer reporting agencies announced the results of a nationwide survey of 1,000 Americans about home equity lending. The survey found that a fifth (21%) of respondents say they are likely to take out a home equity loan in the next 12 months, compared to 8% of respondents who reported taking out a home equity loan this past year. While more than half of respondents (52%) say they do have a strong understanding of the home equity lending process, 48% scored their understanding below a seven out of 10. Moreover, 13% had no understanding at all (scoring a 1/10). Although those under the age of 55 are more likely to take out a home equity loan in the next 12 months, they are less knowledgeable about how home equity loans work (30% scored a 1/10) compared to those over the age of 55 (only 9% scored a 1/10).

POPS

Sprout Leaves – a series of Vietnam’s leading children’s songs produced by POPS Worldwide was released on Netflix on the first of December. Esther Nguyen, founder and CEO of POPS Worldwide, is delighted that the release of Sprouts on Netflix Vietnam will continue to help empower more Vietnamese families with young children to develop important life skills through music. “We are proud to be Asia’s leading educational entertainment brand for millions of Vietnamese children and provide a wide range of engaging domestic and international educational and entertainment content,” said Ms. Nguyen. “We always do our best to provide children with highly educational entertainment that helps children develop important skills including intellectual, social-emotional, motor, language and ability. overall literacy,” she added.

FUNDING

Antler Vietnam’s Second Cohort Companies

7 of Antler Vietnam’s companies: AuMBER, BUYO, Edupops, Kyons, Neoloka, Petgotchi, and Shelfi will all be looking to entice investors on the 12th of January when the venture builder holds its second ever Demo Day. All companies can be found here https://www.antler.co/portfolio

Azota

Vietnam-based edTech platform Azota has raised 2.4 million USD in a Pre-Series A round led by GGV Capital, a global venture capital firm that invests in local founders. According to Tech in Asia, new investor Nextrans and existing backer Do Ventures also participated in the round. Founded in 2021 by Dai Nguyen, Hung Le, and Au Nguyen, Azota is an online platform that lets teachers create and grade tests automatically. It also offers real-time exam proctoring and student performance tracking tools.

Dat Bike

Dat Bike gets another $8M to put more e-bikes on Vietnam’s roads. The startup said it has raised $8 million led by returning investor Singapore-based firm Jungle Ventures, just seven months after its first round of funding was announced. GSR Ventures and Delivery Hero Ventures also participated in this round, along with Wavemaker Partners and Innoven Capital. The new round brings Dat Bike’s total raised to $16.5 million. It will use its new funding on tech and product development, hiring for its sales, support, R&D and product teams, and building more capacity in its factories.

Vulcan Augmetics

The prosthetic and human augmentation company, Vulcan Augmetics is looking to raise funds in order to enhance and accelerate their mission to empower the disabled in developing countries. They are raising $175,000 on Wefunder. To get in early, go to www.wefunder.com/vulcanaugmetics.

VIETNAM TECH AND STARTUP ENVIRONMENT

“A group of more than 40 VC firms yesterday pledged to invest US$1.5 billion in Vietnamese startups over the next few years.
They cemented the commitment at the Vietnam Ventures Summit co-organized by Golden Gate Ventures and the country’s National Innovation Center (NIC).
Apart from Vietnam, the participating VCs come from South Korea, Japan, Singapore, Indonesia, and the US.

“Free trade agreements and open foreign directinvestment policies have helped Vietnam achieve a new record of US$700 billion worth of foreign trade.”

“According to Bloomberg, Apple is considering scaling back its plans for high-end Mac Pro computers and moving production of the device to Asia. Instead of choosing China like most iPhone models and other products, the high-end Mac Pro will be made in Vietnam, where AirPods are already manufactured and, soon, laptops and Apple Watches. This shift is part of Apple’s efforts to reduce dependence on China.”

“India, Vietnam and Brazil could account for as much as 30% of Apple supplier’s Foxconn production in upcoming years as Apple seeks to diversify its supply chain out of China.
Key electronics manufacturers are moving faster to diversify their capacity globally, taking advantage of local incentive policies, according to Counterpoint Research analysts Ivan Lam and Shenghao Bai as cited by Bloomberg.”

“A national forum on the development of digital technology enterprises (Make in Vietnam Forum 2022), one of the biggest annual events of Vietnam’s digital technology industry, was held in Hanoi on December 8.”

“Many global companies have invested or announced plans to invest billions of dollars in Vietnam this year as they show continued interest in making the country a manufacturing hub.
South Korea’s Samsung Electronics earlier this month said it would increase its investment in the country from $18 billion to $20 billion.”

STRATEGIC ALLIANCE VIETNAMESE VENTURES INTERNATIONAL

VENTURE CAPITAL ORGANIZATIONS IN VIETNAM

Antler
Website: antler.co
Contact: https://www.linkedin.com/in/jonssonej/
Pre-seed to Seed
Every sector

Ascend Vietnam Ventures
Website: https://ascendvietnam.com/
Contact: contact@ascendvietnam.com
Every sector
Pre-product market fit

Cocoon Capital
Website:cocooncap.com
Contact:will@cocooncap.com
Seed Round, Series A, Series A
AI, Enterprise Application, Fintech, Insurtech, SaaS, Machine Learning

Do Ventures
Website: https://doventures.vc/en
Contact: https://doventures.vc/en/contact
Early stage
Every sector

East Bridge Partners
Website: https://www.eastbridge.asia/
Contact: info@eastbridgelp.com
Mid-cap investment
Every sector

Gaw Capital Partners
Website:http://gawcapital.com
Contact:info@gawcapital.com
Real estate sector

Golden Gate Ventures
Website: goldengate.vc
Contact: hello@goldengate.vc
Early stage, series A, B
Tooling, consumer apps, SaaS, logistics, e-commerce

IT-Farm
Website: https://www.it-farm.com/
Contact: https://www.linkedin.com/company/it-farm-ltd/about/
Seed to series A
IT

Jungle Ventures
Website: https://www.jungle.vc/
Contact: contact@jungle.vc
Pre-seed, seed, series A
Technology startups

Monk’s Hill Ventures
Website: monkshill.com
Contact: ir@monkshill.com
Series A
Technology startups

Patamar Capital
Website: https://patamar.com
Contact: https://www.linkedin.com/in/geoff-woolley-b0665/
Technology startups

Quest Ventures
Website: https://www.questventures.com/
Contact: info@questventures.com
Seed to Series A
Multi

SoftBank Ventures Asia
Website: softbank.co.kr
Contact: b_plan@softbank.co.kr
Enterprise Software, Mobile

ThinkZone Ventures
Website: thinkzone.vn
Contact: contact@thinkzone.vn
Seed, pre-series A
Fintech, Edtech, Logistics, Ecommerce, Nanotech, Lifestyle, Service

Trihill Capital
Website: https://www.trihillcapital.com/
Contact: INFO@TRIHILLCAPITAL.COM
Early to growth-stage
Solution-oriented companies and transformative founders across sectors and stages.

Vietnam Investments Group
Website: https://ventures.vinacapital.com/
Contact: investment.vc@vinacapital.com
Multi

Wavemaker Partners
Website: https://wavemaker.vc/
Contact: pitchsea@wavemaker.vc
Seed Round
Tech

Full List Coming Soon To https://www.savvicode.com/

SAVVi-Newsletter-Nov-2022-1024×456
Newsletter
[ November 20, 2022 by amnads 0 Comments ]

SAVVI NEWSLETTER (NOV 2022)

SAVVI HIGHLIGHTS

Founder Spotlight: Christian Lee and Abhishek Kumar: AuMBER Founders Backed by Premier Venture Builder, Antler

Network News: OnSky, Otrafy, PhucLabs, and Vulcan Augmetics

Funding: Auctify, Otrafy, PhucLabs, Vulcan

Vietnam Tech and Startup Environment

Join us for an interview with AuMBER founders 10am Vietnam Time on November 29th, 7pm PST on November 28th

DID YOU KNOW?

Vietnam will be the 10th largest consumer market in the world by 2030
Estimated 7-10% of overseas Vietnamese to return to Vietnam permanently by 2030
By 2040, Vietnam’s passport will be in the top 30 most powerful

FOUNDER SPOTLIGHT

Christian Lee and Abhishek Kumar: Top 5% Selected by Premier Venture Builder, Antler

It was February 26th, 2020, five days after his 20th birthday, that Christian Lee boarded his flight to Vietnam alone. It was his first time leaving the United States. He went with a very specific purpose. For months beforehand, he’d researched places all over the globe, analyzing every bit of data he could to determine the absolute best place in the world to create and grow a startup. Ho Chi Minh City was the only place on Earth which matched all of his criteria, so he bought a ticket and he went without hesitation or any amount of reluctance. The timing couldn’t have been more perfect as COVID-19 was given pandemic status less than a month later.

Two months after his arrival, Christian managed to get a job as a data analyst at a new startup, where he stayed for over two years gaining experience which he could later use when founding his own company. Eventually, when he felt ready, he applied to Antler Vietnam’s second cohort.

He was drawn to Antler by the fact that they invested from day zero, helping founders to build startups from scratch. He originally applied with two other employees of the startup he worked at. They each submitted their applications and were some of the lucky or qualified few to get interviews, of which they had to pass two in order to finally be accepted into the program out of thousands of other applicants. Unfortunately, the other two employees had to drop out of the program before it started due to personal reasons, but Christian was still fully determined to continue on his own, aware that a big part of Antler’s program was about matching with the perfect cofounders.

Christian met the person who would become his cofounder, Abhishek Kumar, on the first day of the program. Abhishek had lived in Vietnam for over a decade and had years of experience in everything that makes a great business leader. He shared his startup idea with Christian, who thought it was incredible. Within weeks, they were actively working on the idea. The program from the start to the end was extremely useful even for those who didn’t end up getting funding, consisting of networking, masterclasses, boot camps, endless pitch refinement, and business validation. Christian and Abhishek worked tirelessly to stand out, attempting to have the best problem and solution validation in the cohort, as well as preparing a tech demo to prove their capability to execute their plan.

By the end of the intensive 10 weeks, the two ambitious founders’ hard work had paid off. They were able to pass Antler Vietnam’s IC and get funding to create their company, which they called AuMBER. Both founders have unwavering confidence that they will build the world’s best, most innovative cloud testing platform. They are motivated to do so by the industry’s stagnation over the last few years, the desire to create value from that which had once been considered worthless, and to elevate Vietnam’s IT industry and digitization. Their current focus is to build traction with their product in order to raise additional funds at Antler Vietnam’s Demo Day in January.

SAVVI NETWORK NEWS

UPDATES

OnSky

OnSky Health Launches DreamBe™ Contactless Health and Safety Monitoring Pad for Baby Care. It senses babies’ heart rate, breathing, sleep quality and more with no wearables or attachments. Parents can rest easy knowing that no electromagnetic wave radiation will contact baby’s skin. As the industry’s first contact-free baby monitoring pad with all-in-one health sensing capabilities, “DreamBe gives parents peace of mind knowing their babies are safe and comfortable,” says founder Hung Nguyen.

Otrafy

Otrafy was one of five companies to win $1 million in investment from 43North’s competition, in which aach had three minutes at Shea’s Performing Arts Center to convince a panel of judges why their company deserved $1 million. They then had four minutes to answer the judges’ questions. This is the first year 43North has given out five $1 million prizes. Looking at the strength of the companies that pitched this year, President Colleen Heidinger said the change has definitely paid off. The five winners must move their company to Buffalo for a year beginning in January and give 43North a 5% equity stake. Otrafy is modernizing that with its artificial-intelligence powered supplier management software. The company has seen 300% growth this year, founder Nhat Nguyen said. He predicts his company will reach $2 million in revenue by the end of next year.

EVENTS

29th November

Spotlight Founder Interview

  • 10am Vietnam Time
  • 7pm PST (Nov 28)
  • Zoom

13 April

Smart Tech Vietnam 2023

06 December

Global Metaverse Carnival 2022-Policy | Web3 | Technology | Investment

18 November

2022 Women’s Entrepreneurship Day _ Panel Discussion

PhucLabs

The Mass Technology Leadership Council announced its Tech Top 50 list, where PhucLabs, a company founded by brothers Phuc Vinh Truong and Phuc Thien Truong which breaks down e-waste for valuable materials which can then be sold or used again, earned the prestigious placing as one of 6 companies in the ‘Tech to Watch’ category. As PhucLabs puts it, “most waste streams contain valuable resources, and our company was founded to sort and capture it all.” They have a very strong team with a history of exits and value creation at every level. But in the end, it’s their technology which has garnered the most praise and is likely to contribute heavily to the reduction of e-waste globally.

Vulcan Augmetics

Vulcan Augmetics is one of the rare startups in Vietnam that focuses on Robotics technology, developing body- worn tech to help people become stronger, faster and more durable. From 2022, the company plans to expand R&D into software engineering, which is the bridge between technology and the human body. The company was born in 2018, focusing on Robotics technology with the mission of building people. To date, the company has launched its first commercial product – a robotic hand for the disabled. Products are currently distributed in 17 centers and hospitals nationwide. In the future, Vulcan Augmetics aims to develop product lines for people with paralysis or weak muscles, then those without disabilities but want to be more durable and flexible in special physical activities.

VietnamWorks

VietnamWorks, a member of the leading human resource recruitment service provider Navigos Group Vietnam, organized the “Exhibition and Sharing on the topic of Happy Career Journey” in Hanoi. It is a continuation and expansion of the success of the recent series of relocation activities in Ho Chi Minh City. Representative of VietnamWorks, Mr. Gaku Echizenya, Chairman and CEO of Navigos Group Vietnam, shared: “The series of events “Exhibition and Sharing on the topic of Happy Career Journey” not only marks the transition of VietnamWorks but also an opportunity for participants to better understand the needs of the market, themselves; towards meaningful values that contribute to society, contributing to the creation of “Happiness Career Journeys”.

FUNDING

Auctify

Auctify has developed a wearable analytics platform called Specs. It’s a pair of prescription smart glasses with a built in image sensor that uses computer vision to track your diet and gauge your health. They seek to raise funding for the purpose of increasing production of Specs.

Otrafy

The company which acts as an AI-powered supplier management software that ensures supplier compliance and manages risks to mitigate disruptions and build a resilient supply chain is looking to raise funds in order to improve their product and dominate the industry,

PhucLabs

Backed by MCJ Collective, Climate Capital, URBAN – X, and AiSprouts, PhucLabs is an innovative E-waste sorting and value extraction company which now looks to raise $3 million for their seed round. These funds will go towards PhucLabs’ mission of profitable and sustainable rare metal recycling. Their details can be found on Republic.

Vietnam’s very own prosthetic and human augmentation company, Vulcan Augmetics is looking to raise funds in order to enhance and accelerate their mission to empower the disabled and eventually augment those who just want to be faster, stronger, and more durable.

VIETNAM TECH AND STARTUP ENVIRONMENT

“Prime Minister Pham Minh Chinh is confident Vietnam’s growth will exceed expectations this year, and retain the title of Southeast Asia’s fastest-growing economy through next year, as it emerges from the pandemic.”

“We are not just the first and only ‘made in Vietnam’ product in the market, we also provide high performance with the best price and the fastest charging bike.” This combination of technical proficiency combined with personal inspiration is what Nguyen believes fuels the difference in Dat Bike.”

“Forty-two per cent of European firms anticipate they will raise foreign direct investment (FDI) in Vietnam by 2022 end, a survey has found. Respondents indicated Vietnam could bolster these FDI levels by reducing administrative difficulties (68 per cent), improving infrastructure (53 per cent), developing human resources capacity (39 per cent) and reducing visa barriers for foreign experts (39 per cent).”

“According to HSBC, the Vietnam economy stands out in the region in terms of GDP growth, with a predicted growth rate of 6.9 percent for 2022. It is expected to become the 10th largest global consumer market by 2030, surpassing Germany and the UK.”

“We will continue investing in early-stage startups in not only emerging sectors such as property technology and financial technology but also seek opportunities in sustainable growth areas such as electric vehicles, food waste and food safety solutions,”

“Vietnam’s digital economy offers a great deal of opportunities for disruption at scale. Fintech, edtech, proptech, e-commerce, and enterprise solutions are the key sectors in the country’s startup space. It’s worth noting that foreign investors and the recent improvements to streamline investment regulations surrounding foreign investors such as VCs have played a key role in fueling the growth of Vietnam’s startup ecosystem.”

STRATEGIC ALLIANCE VIETNAMESE VENTURES INTERNATIONAL

VENTURE CAPITAL ORGANIZATIONS IN VIETNAM

Antler
Website: antler.co
Contact: https://www.linkedin.com/in/jonssonej/
Pre-seed to Seed
Every sector

Ascend Vietnam Ventures
Website: https://ascendvietnam.com/
Contact: contact@ascendvietnam.com
Every sector
Pre-product market fit

Cocoon Capital
Website:cocooncap.com
Contact:will@cocooncap.com
Seed Round, Series A, Series A
AI, Enterprise Application, Fintech, Insurtech, SaaS, Machine Learning

Do Ventures
Website: https://doventures.vc/en
Contact: https://doventures.vc/en/contact
Early stage
Every sector

East Bridge Partners
Website: https://www.eastbridge.asia/
Contact: info@eastbridgelp.com
Mid-cap investment
Every sector

Gaw Capital Partners
Website:http://gawcapital.com
Contact:info@gawcapital.com
Real estate sector

Golden Gate Ventures
Website: goldengate.vc
Contact: hello@goldengate.vc
Early stage, series A, B
Tooling, consumer apps, SaaS, logistics, e-commerce

IT-Farm
Website: https://www.it-farm.com/
Contact: https://www.linkedin.com/company/it-farm-ltd/about/
Seed to series A
IT

Jungle Ventures
Website: https://www.jungle.vc/
Contact: contact@jungle.vc
Pre-seed, seed, series A
Technology startups

Monk’s Hill Ventures
Website: monkshill.com
Contact: ir@monkshill.com
Series A
Technology startups

Patamar Capital
Website: https://patamar.com
Contact: https://www.linkedin.com/in/geoff-woolley-b0665/
Technology startups

Quest Ventures
Website: https://www.questventures.com/
Contact: info@questventures.com
Seed to Series A
Multi

SoftBank Ventures Asia
Website: softbank.co.kr
Contact: b_plan@softbank.co.kr
Enterprise Software, Mobile

ThinkZone Ventures
Website: thinkzone.vn
Contact: contact@thinkzone.vn
Seed, pre-series A
Fintech, Edtech, Logistics, Ecommerce, Nanotech, Lifestyle, Service

Trihill Capital
Website: https://www.trihillcapital.com/
Contact: INFO@TRIHILLCAPITAL.COM
Early to growth-stage
Solution-oriented companies and transformative founders across sectors and stages.

Vietnam Investments Group
Website: https://ventures.vinacapital.com/
Contact: investment.vc@vinacapital.com
Multi

Wavemaker Partners
Website: https://wavemaker.vc/
Contact: pitchsea@wavemaker.vc
Seed Round
Tech

Full List Coming Soon To https://www.savvicode.com/

inaugural-newsletter-1-1024×455
Newsletter
[ October 20, 2022 by amnads 0 Comments ]

INAUGURAL NEWSLETTER

SAVVI HIGHLIGHTS

Founder Spotlight: Loi Nguyen of Inphi Exits Second Time For $10 Billion, Join us for an insider’s Zoom interview with Loi Nguyen on October 28th, at 8:30 am PST.

Network News: Dat Bike, Elsa, POPS, and Toong

Funding: AuMBER, Dat Bike, OnSky Health, POPS, Tititada

Vietnam Tech and Startup Environment

DID YOU KNOW?

Estimate value of Viet tech exits in the last 5 years reached $50 Billion
Total number of patents by Viet inventors surpasses IBM
Vietnam is the fastest growing economy in Asia for 2022

FOUNDER SPOTLIGHT

Loi Nguyen of Inphi Exits Second Time For $10 Billion

Lightning doesn’t usually strike twice, but in Loi Nguyen’s case, his company, Inphi, has “exited” twice. Nguyen incorporated Inphi with two other colleagues in November 2000, raising $12M in funding from Tallwood Venture Capital of Palo Alto, California, and Mayfield Fund of Menlo Park, California. Ten years later, Inphi went public in November 2010 at a valuation of over $300M. Its stock rose over 65% within one month, closing the year as one of the hottest IPOs for 2010. A decade later, Inphi was sold for $10 billion to Marvell in an unsolicited merger. The Marvell offer for Inphi’s shares was a whopping 42% premium. This deal remarkably consumed almost half of the total M&A value of $22.7 billion for all semiconductor company acquisitions in 2021. At the time of the IPO in 2010, Inphi was a fabless provider of high-speed analog semiconductor solutions for the communications, networking and computing applications. By 2021, Inphi was the leader in high- speed data movement, moving big data fast around the world’s data centers by offering high-speed analog, DSP and optical semiconductor solutions for the cloud and service provider communication markets. Marvell needed much higher bandwidth data center interconnect solutions that Inphi provides. The Inphi acquisition allowed Marvell to offer complete optical and copper connectivity solutions for cloud datacenter, enterprise, and carrier markets.

Nguyen was born in Vietnam and excelled while studying at Cornell. However, Nguyen’s professional path didn’t take him back to Vietnam until 2019 when Inphi acquired eSilicon, including its Vietnam assets, for

$216M. One year later, in 2020, Inphi acquired Vietnam-based Arrive Technologies, a company founded in 2001 by the late Lac Trinh.

Outside of work, Nguyen is an accomplished wildlife photographer with a passion for wildlife conservation. His images have been featured by leading nature and wildlife organizations such as Nature’s Best, North American Nature Photographer Association (NANPA), National Wildlife Federation, Defenders of Wildlife, National Audubon, among others.

Outside of work, Nguyen is an accomplished wildlife photographer with a passion for wildlife conservation. His images have been featured by leading nature and wildlife organizations such as Nature’s Best, North American Nature Photographer Association (NANPA), National Wildlife Federation, Defenders of Wildlife, National Audubon, among others.

Come join us later this month when Nguyen is interviewed by SAVVi’s Chairman and President, Huy Do. We look forward to sharing Nguyen’s Inphi adventure and lessons learned to all aspiring entrepreneurs.

Mark your calendar, October 28th, 10am PST for a Zoom interview with Loi Nguyen.

SAVVI NETWORK NEWS

UPDATES

ELSA

The English learning app founded by Van Vu with more than 10 million downloads in Vietnam has appeared offline, in collaboration with the FAHASA bookstore and tiNiStore, to put the learning packages on the app into direct sale at many stores, making it easy for Vietnamese people to approach solutions to improve English communication skills. This cooperation between ELSA Speak and offline sales channels is considered a new breakthrough in the field of EdTech, helping remove barriers between online and offline approaches.

POPS

The leading digital entertainment company in Southeast Asia is going on content for children, sourcing shows and movies from many regions, especially the US. Already having over 523 million subscribers, their strategy for grabbing an even more significant portion of the market appeals to children and parents. They’re investing heavily in streaming rights of popular children’s shows worldwide and localizing them to POPS’ core markets. The tactic appears to be working, with solid month-over-month subscriber growth.

EVENTS

28 October

Interview with Loi Nguyen

17 November – 19 November

NEPCON VIETNAM

20 October

TECH Meetup

15 October

Make Vietnam Digital Product Awards

19 October – 20 October

Vietnam Blockchain Summit

Dat Bike

The electric motorbike company recently unveiled its new project meant to enhance its existing product, Dat Charge; an electric motorbike charging station which, in only 20 minutes, can charge Dat Bike’s vehicles to travel up to 100km. This is the fastest electric motorbike charging speed ever in Vietnam. The aim of this launch is to close the gap between gasoline-fueled and electric motorbikes, making it more convenient to own and drive the latter. The launch event of Dat Charge is a step that marks the development and perfection of the Vietnamese startup’s technology. Realizing that the Vietnamese market currently does not have a common standard for a fast charging port for electric motorbikes, Dat Bike hopes that the launch of Dat Charge will make them a pioneer in the research and application of standardized fast charging ports for all electric motorcycles in the Vietnam market for the future.

Toong

The co-working space chain has just expanded to a new location at OfficeHaus building, Tan Phu district, Ho Chi Minh City. Tan Phu is an increasingly popular location for small businesses and startups to set up their offices, which is why costs for office leases are skyrocketing there. Toong is capitalizing on this demand by opening yet another co-working space there, bringing its total to 18 spaces in Ho Chi Minh City and 20 overall. It is sharing the venue with the likes of Mercedes.

FUNDING

AuMBER Raising Seed Round

AuMBER, a crowd-sourced cloud testing platform, will begin raising its seed round sometime before February 2023, following their initial customer acquisition and generation of revenue. Pre-seed funding was supplied by VC firm Antler in their second cohort in Vietnam.

Dat Bike Closed Series A Round

Led by Jungle Ventures and Wavemaker Partners, Dat Bike, the leading electric motorbike company in Vietnam, closed a $3M series A round this past summer. It is growing exponentially as the pandemic has settled and is expecting to raise a growth round later this year.

OnSKy Health raises pre-Series A Round

Having raised over $850K in Pre-Series A from angel investors over the past few months, OnSky is now raising the remaining $1M on the largest crowdfunding platform, WeFunder, which will provide a huge marketing and lobbying arm for its products to expand through its base of investors.

POPs Closed Bridge Round

In preparation for its Series D round, POPs closed a bridge round of

$1.5M to finance its growth. The round closed in September 2022. POPs has already secured a lead investor for its Series D round expected to open in late 2022/early 2023.

Tititada Raising Capital

Tititada is a micro-investments platform that allows you to start your investment journey with as little as 10,000 VND. Easy, smart and safe, the platform is designed to help every Vietnamese achieve financial security and freedom. They have already raised $1.5 million from Golden Gate Ventures in their seed round.

VIETNAM TECH AND STARTUP ENVIRONMENT

“Vietnam is investing in technological innovations and pursuing techno-developmentalism, a developmental model that prioritizes technological advances, R&D, and industrial upgrading.”

“Vietnam is predicted to lead the region with annual growth of 7.2%, up from 5.3% in the April forecast.”

“In 2021, investment capital in start-ups hit a record level of 1.35 billion USD, making Vietnam the most attractive startup valley in the region.”
“Golden Gate Venture said that Vietnam is a “rising star” of Southeast Asia and will become the country with the third largest startup ecosystem in the region by 2022.”

“Vietnam is creating favorable conditions for the birth of Asia’s next tech start-up unicorns, according to the Asian Development Bank (ADB) July 2022 report entitled “Vietnam’s Ecosystem for Technology Startups”.”

“Given a solid pipeline of early-stage companies and the positive environment created by the Vietnamese government, Vietnam’s startup ecosystem is poised to enter a more mature stage and reach new heights in 2022.” “Venture capital going into Vietnamese startups reached a record high in 2021 amidst market uncertainties and upheaval caused by Covid-19.”

“Vietnam’s start-up ecosystem often draws comparison with that of Indonesia and China some years back, but investors in the market face different opportunities and exit options, say VC experts.”

STRATEGIC ALLIANCE VIETNAMESE VENTURES INTERNATIONAL

VENTURE CAPITAL ORGANIZATIONS IN VIETNAM

Antler
Website: antler.co
Contact: https://www.linkedin.com/in/jonssonej/
Pre-seed to Seed
Every sector

Ascend Vietnam Ventures
Website: https://ascendvietnam.com/
Contact: contact@ascendvietnam.com
Every sector
Pre-product market fit

Cocoon Capital
Website:cocooncap.com
Contact:will@cocooncap.com
Seed Round, Series A, Series A
AI, Enterprise Application, Fintech, Insurtech, SaaS, Machine Learning

Do Ventures
Website: https://doventures.vc/en
Contact: https://doventures.vc/en/contact
Early stage
Every sector

East Bridge Partners
Website: https://www.eastbridge.asia/
Contact: info@eastbridgelp.com
Mid-cap investment
Every sector

Gaw Capital Partners
Website:http://gawcapital.com
Contact:info@gawcapital.com
Real estate sector

Golden Gate Ventures
Website: goldengate.vc
Contact: hello@goldengate.vc
Early stage, series A, B
Tooling, consumer apps, SaaS, logistics, e-commerce

IT-Farm
Website: https://www.it-farm.com/
Contact: https://www.linkedin.com/company/it-farm-ltd/about/
Seed to series A
IT

Jungle Ventures
Website: https://www.jungle.vc/
Contact: contact@jungle.vc
Pre-seed, seed, series A
Technology startups

Monk’s Hill Ventures
Website: monkshill.com
Contact: ir@monkshill.com
Series A
Technology startups

Patamar Capital
Website: https://patamar.com
Contact: https://www.linkedin.com/in/geoff-woolley-b0665/
Technology startups

Quest Ventures
Website: https://www.questventures.com/
Contact: info@questventures.com
Seed to Series A
Multi

SoftBank Ventures Asia
Website: softbank.co.kr
Contact: b_plan@softbank.co.kr
Enterprise Software, Mobile

ThinkZone Ventures
Website: thinkzone.vn
Contact: contact@thinkzone.vn
Seed, pre-series A
Fintech, Edtech, Logistics, Ecommerce, Nanotech, Lifestyle, Service

Trihill Capital
Website: https://www.trihillcapital.com/
Contact: INFO@TRIHILLCAPITAL.COM
Early to growth-stage
Solution-oriented companies and transformative founders across sectors and stages.

Vietnam Investments Group
Website: https://ventures.vinacapital.com/
Contact: investment.vc@vinacapital.com
Multi

Wavemaker Partners
Website: https://wavemaker.vc/
Contact: pitchsea@wavemaker.vc
Seed Round
Tech

Full List Coming Soon To https://www.savvicode.com/

blog_1
event
[ October 9, 2018 by amnads 2 Comments ]

A Developer’s Guide to Expo: Workshops & Meetups

Genesis Expo will gather over 5,000 CTOs in one place, and about another 11,000 engineers. If you are a first time dev at Expo this post should help you think about your trip.

elsa (2) (1)
event
[ October 9, 2018 by amnads 2 Comments ]

Hacking Your Product Leader Career

Genesis Expo will gather over 5,000 CTOs in one place, and about another 11,000 engineers. If you are a first time dev at Expo this post should help you think about your trip.