Vietnam sees growing tribe of founders hopping onto VC bandwagon
Source image World Travel Guide
When first-generation entrepreneur Pham Dinh Doan, who runs an FMCG distribution business, decided to invest capital in the Hanoi University of Science and Technology-backed BK Fund, he joined Vietnam’s growing tribe of founders who are betting big on the country’s nascent startup ecosystem.
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Got It claims to have a client portfolio of nearly 500 companies in Vietnam.
Called BK Fund 1, the investment vehicle aims to support startups with a ticket size of up to $1m.
Investors pumped in about $75 million in the sector between January 2019 and December 2020.
Sectors such as education, healthcare, and financial services are increasingly evincing investor interest.
