500 Startups Launches $10M Micro-Fund Dedicated to Vietnam

500_startupsSilicon Valley-based early stage venture capital firm 500 Startups has launched its latest regional micro-fund dedicated to Vietnam.

500 Startups Vietnam, a US$10m fund, will make 100-150 investments into B-to-B and Enterprise SaaS, Fintech, and E-Commerce startups addressing Vietnam market needs and Vietnamese teams targeting overseas markets.

Led by Venture Partners Binh Tran, a San Francisco-based technologist and four-time founder with 20+ years of experience, and Eddie Thai, a Vietnam-based business professionals with 6+ years of experience in strategy and finance for companies ranging from startups to Fortune 500 corporations across tech, media, telecommunications, etc., the vehicle will make investments of $100k but may be as high as $250k.

In addition to the funding, portfolio companies will get access to 500 Startups’ international network of 3,000 mentors and founders, $1.5m of credits with partners like Amazon and Facebook, and other support to scale their business.



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