The Ventures Forms 15 Billion KRW Investment Fund in Vietnam... Senior Entrepreneurs Participate in Funding
The Ventures announced on the 23rd that it is establishing an investment fund worth 15 billion KRW targeting early-stage startups in Vietnam.
Founded in 2014, the venture capital (VC) firm The Ventures has invested in over 150 domestic and international startups. Since 2020, it has expanded its investments mainly in Southeast Asia, executing a total of 26 investments worth approximately 9 billion KRW in startups from developing countries such as Vietnam, Malaysia, and Cambodia.
This time, it has decided to create a focused investment fund in Vietnam, which is showing rapid economic growth among Southeast Asian countries. The fund size is 15 billion KRW.
Daehyun Kim, partner and lead fund manager (pictured), will be stationed in Ho Chi Minh City to directly oversee local startup investments and management. The Ventures has signed business agreements with verified law firms in Vietnam, including Kwangjang Vietnam and OPINES Vietnam.
The fund has already completed its first closing, mainly with successful Korean entrepreneurs who highly value the growth potential of the Vietnamese market.
Notable investors include CEO Jeongho Cho, founder of Sikgundaejang, Hyunho Park, CEO of Moonlight Partners and an early member who led growth at Jjaegakak-eo, and former Hashed partner Hwiesang Kim. Based on their own entrepreneurial success experiences, they plan to share information from the investment process in Vietnam and support the growth of the invested companies afterward.
Daehyun Kim, partner at The Ventures, stated, "This year marks the first year of digital economic growth in Vietnam as the country begins its transition to a digital economy. Currently, Vietnam’s startup ecosystem resembles South Korea in 2010, when Korean unicorn startups like Toss, Baedal Minjok, and Musinsa began to emerge."
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He added, "The Vietnamese government has a strong commitment to nurturing startups, and with already five unicorn startups emerging, the entrepreneurial environment is thriving. Therefore, now is the optimal time to invest in Vietnamese startups."
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