VinaCapital Ventures seeks to launch second $100 mln fund

VinaCapital Ventures of leading Vietnamese asset and investment company VinaCapital plans to launch its second $100 million fund next year, focusing on providing growth capital.

Ho Chi Minh City-based VinaCapital, with over $3.7 billion in assets under management as of the end of 2021, says the new fund, VinaCapital Ventures II, will be for sizes up to $10 million per investment at the Series A+ and Series B stages.

VinaCapital Ventures launched its first $100 million investment fund in 2018 to invest in startups with innovative technology solutions with ticket sizes of about $2 million to $10 million per investment with an unlimited holding time. However, it may invest less than the committed amount in the case of becoming a strategic investor or participating in the investment with other major partners.

With the planned second fund, VinaCapital Ventures may also join pre-initial public offering transactions, according to Hoang Duc Trung, a partner at the platform.

This June, the platform said it had taken a stake in HCMC-based M3TA, a Web3 data analytics company that seeks to empower businesses in Web3 with the power of data. Details of the investment were not disclosed.

M3TA aims to build a data platform that not only improves utility of assets through optimized allocation but also improves the gamer experience through personalization and predictive learning.

As for VinaCapital Ventures, the firm offers capital, networking, and mentorship to support entrepreneurs. 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.