Vietnam-focused FEBE Ventures announces $75 mln second fund
FEBE Ventures, a global seed-focused venture capital firm focusing on Vietnam, has launched its $75 million second fund, helping seed-stage startups.
In a Wednesday release, FEBE Ventures, known as “For Entrepreneurs, By Entrepreneurs", said the move also comes with a larger team and an expanded global network. It can help the fund expand its network.

FEBE Ventures team. Photo courtesy of FEBE Ventures.
The second fund is 2.5 times larger than its first fund, Techcrunch reported. As part of the launch, FEBE Ventures also announced a co-investment partnership with Tekton Ventures.
While FEBE Ventures' first fund focused on Southeast Asia, the second fund’s focus is on wide-ranging investment thesis, particularly pre-seed and seed-stage companies in various sectors and destinations.
Startups in Vietnam secured 134 deals with venture capital investment of $634 million in 2022, down 19% and 56% year-on-year respectively, according to the Vietnam Innovation & Tech Investment Report 2023.
The report, released by Do Ventures and Vietnam National Innovation Center (NIC), said the sharp decline in venture capital was partly due to the profound impact of global turbulences, including financial uncertainty and market volatility.
The report noted that the total value of deals worth from $10 million fell to $423 million, or one-third of that in 2021, accounting for 67% of the total figure in 2022. The total value of deals below $10 million edged down slightly to $211 million, or about 33%.
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