VinaCapital, an investment management firm in Vietnam, has officially launched VinaCapital Ventures, a US$100m technology holding firm.
The new firm targets entrepreneurs with big ideas and aims to help them build companies and expand their regional presence to make a significant impact on the lives of people in Vietnam and beyond.
To this end, VinaCapital Ventures will invest US$2-10m per company with an unlimited holding time.
The venture’s primary interest is to work with engineers, scientists, and innovators who have developed technologies that solve industry pain points – problems that are substantial enough to compel customers to adopt the new technologies. VinaCapital Ventures is also interested in disruptive technologies that have the potential to create entirely new markets. In supporting the entrepreneurs, the firm offers capital, network and mentorship. Its team combines a diverse set of skills and experience, ranging from entrepreneurship, product marketing, operational management, and technology strategy, to developing client bases, deal making and capital raising.
The firm also announced the first two investments in:
- Logivan, a Vietnamese-owned startup that provides B2B truck hailing and logistics network solutions to address the industry’s inefficiencies; and
- FastGo, a ride-hailing mobile application developed by Vietnamese engineers that offers advantages for both drivers and customers.
Founded in 2003 by Don Lam, CEO, VinaCapital is an investment and asset management firm with a diversified portfolio of USD1.8 billion in assets under management. The firm has two closed-ended funds that trade on the London Stock Exchange:
- the VinaCapital Vietnam Opportunity Fund Limited, which trades on the Main Market, and
- VinaLand Limited which trades on the AIM.
The firm also manages the Forum One – VCG Partners Vietnam Fund, one of Vietnam’s largest open-ended UCITS-compliant funds, the Vietnam Equity Special Access Fund, numerous segregated accounts, and two domestic funds. VinaCapital also has joint ventures with Draper Fisher Jurvetson in venture capital, and Warburg Pincus in hospitality and lodging.