After Indonesia and Singapore, Vietnam is Southeast Asia’s most active startup ecosystem. Since there is an increase in the amount of money flowing from VC into startups, the startup community has been growing in Vietnam in recent years. The capital market is paying huge attention to Vietnam with an enormous potential to yield exceptional returns on investment.

If you are searching for the best Venture Capital Firms in Vietnam, then here are the top 20 VCs in Vietnam. They are looking for the best investment opportunities in diverse sectors and at different stages of the company.

1) IDG Capital

IDG Capital is an investment and asset management firm, headquartered in Beijing, that specializes in venture capital, private equity, and mergers & acquisitions. IDG Capital is a leading investment firm, focusing on developing extraordinary companies through venture, growth, and buyout.

Founded by Jim Breyer in Boston in 1992, Since its inception, IDG Capital has expanded into 15 cities around the world. Accumulated assets under management have grown from $10 million in 1992 to approximately $20 billion today.

• They are available in New York, Boston, London, Beijing, Shanghai, Hong Kong, Seoul and Hanoi.
• Industries they are looking for Media, Healthcare, Consumer, Entertainment, Climate & Sustainability, and Energy.
• They invest in Early Stage, Late Stage, Seed, Pre-Seed, and Series A startups.
• Total number of investment is 1416.
• Three remarkable investments are Razer, Tencent, and Animoca Brands.

2) Zone Startups Ventures

Founded by Matt Saunders in Ho Chi Minh City in 2018, Zone Startups Ventures primarily provides seed funds to Southeast Asian startups. Zone Startups Ventures is the VC fund affiliated with Zone Startup network, a startup ecosystem with an accelerator program.

They first look for strong teams with a proven track record in the startup and a startup that has product-market fit with validated revenue.

• They are available in Vietnam.
• Industries they are looking for are Internet & Mobile, Enterprise, and SaaS.
• The investment stage is the seed.
• Total number of investment is 11.
• Their three remarkable investments are Fundiin, Edu2Review, and Bravo.

3) Do Ventures

Do Ventures is an early-stage VC firm that focuses on making investments in technology companies in Vietnam and Southeast Asia. They for pioneers with a desire to create disruptive products that can bring about outstanding values to society. Their philosophy is GROW BY DOING.

They make investments in early-stage tech startups that are creating disruptive products for society.

• Available in Vietnam and Southeast Asia.
• The investment stages are Seed and Series A.
• They are mainly focused on B2B / B2C Customers.
• Their investment value is $1 million – $7 million.
• Their remarkable investment are Azota, Coolmate, OCG, Validus, VuiHoc,

4)  Enterprise Ireland

Enterprise Ireland is the Irish government’s enterprise development agency, founded in 1998. They invest in and support the development of Irish-owned companies on their journey to achieving greater scale and becoming global leaders in their field.

• They are available in Dublin, Düsseldorf, Budapest, Paris, Amsterdam, Milan, Stockholm, Madrid, Prague, London, Brussels, Warsaw, São Paulo, Austin, Toronto, New York, Dubai, Sydney, Hong Kong, Tokyo, Singapore, Ho Chi Minh City, Beijing, Mumbai, Seoul, Riyadh, Lagos, Johannesburg, Nairobi, Shannon, København.
• They invest in the Life Sciences and Industrial sectors.
• Investment stages are Pre-Seed, Seed, Series A, Series B, and Series C stages.
• Total number of investments is 686.
• Their three remarkable investment are Profitero, Immersive VR Education, and Invinity Energy Systems PLC.

5) Openspace Ventures

Founded by Hian Goh, and Shane Chesson in 2014. Openspace Venture is a capital firm finding and backing companies in Southeast Asia. They invest in tech companies at different stages and diverse sectors that are transforming lives in the region.

• They are available in Singapore, Jakarta, Ho Chi Minh City, Bangkok, and Manila.
• Industries they are looking for are Consumer, Health & Wellness, SaaS, Media, Education, Agriculture, and Fintech.
• Investment stages are Early Stage, Series A, and Series B.
• The total number of investments is 79.
• Their Investment Value is $1 million – $3 million.
• Their three remarkable investments are Redmart, Whispir, and Sorabel.

6) Antler

Antler is a venture capital firm, that supports founders all over the world by providing early-stage investments and global residency programs, founded by Magnus Grimeland, Fridtjof Berge, Dilan Mizrakli Landgraff, Vegard Medbo, Jussi Salovaara in 2017.

• They are available in Berlin, Amsterdam, Copenhagen, Lisbon, London, Madrid, Oslo, Stockholm, Paris, Bangalore, Ho Chi Minh City, Jakarta, Seoul, Tokyo, Austin, Boulder, New York, São Paulo, Toronto, Nairobi, Sydney.
• Industries they are looking for AI & ML, Consumer, Crypto & Blockchain, Cybersecurity, E-Commerce, Fintech, SaaS, Gaming, Proptech & Real Estate, Internet & Mobile, Food & Beverage, Supply Chain & Logistics, Healthcare, Media.
• Investment stages are Pre-Seed, Seed, and Early Stage.
• The total number of investments is 365.
• Their three remarkable investment are ChatFood, Baselime, and Genuine Taste.

7) CyberAgent Capital

CyberAgent Capital is always on the lookout for the next global innovation. They invest in high-potential internet-related businesses in venture companies led by entrepreneurs with outstanding management and leadership skills, who aspire to expand globally together.

CyberAgent Capital was founded by Hirofumi Kondo in 2006 and is primarily investing in Asian startups in the early stages.

• They are available in China, South Korea, Thailand, Japan, USA, Taiwan, Vietnam, and Indonesia.
• Industries they are looking for Fintech, Entertainment, SaaS, AI & ML, Education, AR & VR, Consumer, Proptech & Real Estate, DTC, IoT, Healthcare, Marketplace.
• Investment stages are Seed, Early Stage.
• Total Number of investments is 249.
• Their three remarkable investment are  Selly, Recruitery, and Dagangan.

8) Quest Ventures

Quest Ventures is Asia’s leading venture capital firm, founded by  James Tan in 2011.

• They are available in  China, Malaysia, Indonesia, Vietnam, Kazakhstan, Singapore, Philippines, USA, South Korea, and Thailand.
• Industries they are looking for are AI & ML, E-Commerce, Marketplace, Entertainment, Fintech, Food & Beverage, InsurTech, Supply Chain & Logistics, Media, Proptech & Real Estate, and Sports.
• The investment stage is the early stage.
• Their total number of investments is 152.
• Their three remarkable investment are 99.co, Carousell, Carro.

9) Golden Gate Ventures

Golden Gate Ventures is a global venture capital team powering tech & innovation from Singapore, founded by Jeffrey Paine, Paul Bragiel, and Vinnie Lauria in 2011.

• They are available in Singapore, Indonesia, and Vietnam.
• Industries they are looking for are Fintech, Supply Chain & Logistics, E-Commerce, Entertainment, Marketplace, SaaS, Healthcare, Deep Tech & Hard Science, Enterprise, and Education.
• The investment stages are Seed and Series A.
• Their total number of investments is 107.
• Their three remarkable investment are Redmart, Moneysmart, and Chilibeli.

10) Expara Ventures

Expara is Southeast Asia’s pioneer and leader in early-stage venture capital and venture services, founded by Douglas Abrams in 2003.

• They are available in Thailand and Vietnam.
• Industries they are looking for are Food & Beverage, IoT, E-Commerce, Healthcare, Travel & Hospitality, Social, Marketplace, Government Technology, Cloud, Proptech & Real Estate, Fintech, AI & ML, Health & Wellness, Gaming, Climate & Sustainability, Education, Hardware, Biotech, API, SaaS, Media, Agriculture, Drones.
• Investment stages are early stages.
• Their total number of investments is 77.
• Their three remarkable investment are Gheorg, Systemstone, and Compliy.

11) Luminar Ventures

Luminar Ventures is a Nordic Venture Capital firm, founded by Martin Henricson in 2012.

• They are available in Sweden, Norway, Germany, and Vietnam.
• Industries they are looking for are Human Resources, Fintech, Gaming, Enterprise, AI & ML, Automation, API, and InsurTech.
• Investment stages are Pre-Seed, Seed, and Series A.
• Their total number of investments is 58.
• Their three remarkable investment are Muninn, Debricked, and Health Integrator.

12) Mekong Capital

Mekong Capital is a Vietnamese investment firm, founded by Christopher Freund in 2001.

• They are available in Vietnam.
• Industries they are looking for are  Food & Beverage, Consumer, Education, Supply Chain & Logistics, Healthcare, Proptech & Real Estate, and Biotech.
• The investment stage is growth.
• Their total number of investments is 48.
• Their three remarkable investment are Entobel, Rever, and Gene Solutions.

13) Patamar Capital

Patamar Capital is Southeast Asia’s leading impact-driven venture capital firm. Founded by Geoff “Chester” Woolley in 2011, Patamar invests in early-stage companies building sector-defining platforms that maximize positive impact and financial returns.

• They are available in  Indonesia, India, Vietnam, Singapore, the USA, and Sri Lanka.
• Industries they are looking for are  Fintech, Internet & Mobile, Agriculture, Healthcare, and Education.
• The investment stage is early stages.
• Their total number of investments is 40.
• Their three remarkable investment are PortX, Kinara Capital, and MyShubhLife.

14) KK Fund

KK Fund is a venture capital investing in early-stage tech startups, founded by Koichi Saito in 2015.

• They are available in Singapore, South Korea, and Vietnam.
• Industries they are looking for are Internet & Mobile, Crypto & Blockchain, IoT, Entertainment, Fintech, Education, Human Resources, Mobility, Healthcare, Proptech & Real Estate.
• The investment stage is seed.
• Their total number of investments is 37.
• Their three remarkable investment are FishLog, Med247, RoomMe.

15) ESP Capital

ESP Capital is an Early-stage Venture Fund with the mission to support and invest in tech startup companies in Vietnam and Southeast Asia, founded by Nam Nguyen in 2017.

• They are available in Vietnam, USA, and Singapore.
• Industries they are looking for are Proptech & Real Estate, Healthcare, Education, DTC, Transportation, Travel & Hospitality, and Entertainment.
• The investment stage is early stages.
• Their total number of investments is 14.
• Their three remarkable investment are TaleCity, WeFit, and Cooky.

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