500 Startups vietnam holds oversubscribed final close (pho real!) – 500 startups youtube gas laws


We have invested almost $3M in 36 companies to date, with a focus on companies serving the Vietnam market and/or leveraging Vietnamese talent . The companies have been diverse, ranging from ecommerce and edtech, to fintech and blockchain. static electricity examples Based on our data, their teams have been pretty diverse as well: 25% have at least 1 female founder (it’s a decent start, but we aim to do better) ; founders were raised in Vietnam, the U.S., France, India, Iran, Turkey, and Australia; their ages range from early 20s to late 40s; and so on.

We are pleased with the portfolio’s progress so far. grade 6 electricity quiz Among companies in whom we invested more than 1 year ago, 75% have reportedly raised a combined US$60M in downstream capital through the 3rd quarter of 2018. 2 companies have closed money from Sequoia. 1 company has been acquired. In our view, these are just early signals in a long journey for our founders and for us. Though we never doubted that Vietnamese startups could do well, the speed at which companies are hitting these milestones has been pleasantly surprising and encouraging. Helping develop a thriving ecosystem in Vietnam

Along the way, we’ve been helping develop foundations here in Vietnam , partially out of necessity (e.g. for supporting our startups) and partially in pursuit of 500’s mission to build thriving startup ecosystems around the world. gas appliance manufacturers association The whole team has been involved in educating Vietnamese founders and investors, providing industry feedback to government stakeholders about potential regulatory reform, providing feedback at pitch competitions & demo days, and more.

Additionally, we have worked to draw global attention to Vietnam’s tech potential . 200+ press outlets — with focused articles from Forbes , Fortune , Bloomberg , TechCrunch , DealStreetAsia , and Nikkei Asian Review — have reached out to us to talk venture capital and startups in Vietnam. 3 gases that cause global warming We have also shared about Vietnam’s opportunities and challenges in 100+ local, regional, and global events organized by organizations including The Economist, the World Economic Forum, AVCJ, Horasis, the Obama Foundation, e27, and Tech In Asia. We have also organized a few of our own curated events, such as “Google Startup Week” in November 2016 and our inaugural “Vietnam Investor Expeditionary Trek” in January 2018.

We believe our conviction has been a factor in the increased activity . According to data and analysis by Topica Founder Institute , startup funding in Vietnam has increased from 29 deals in 2014 to 92 deals in 2017. gas block dimple jig Several new funds have launched recently to invest in more Vietnam-connected startups, including ESP Capital, VinaCapital Ventures, Startup Viet Partners, and Zone Startups Vietnam, to name a few. electricity labs high school With unprecedented interest in the region, we’re ready to step on the gas. What’s Next?

Today, we’re psyched to announce the close of our fund at $14M. 1 That’s 40% over our $10M target. gas block install Substantial investments come from our friends at GS Shop, Humax, NCORE, and numerous other investors in Asia, the US, and Europe. Though small in the world of investment funds, we believe a little money can go a long way for startup founders. Resourcefulness, cost-efficiency and an undeniable capacity to hustle seem to be coded in their DNA.

• Increase team capacity to help our portfolio companies . We already welcomed 4 new colleagues in September. 2015 electricity rates Born and raised in different parts of Vietnam, they bring diverse work experience ranging from startups, like Anduin Transactions and Topica EdTech, to larger companies, like Lazada, Deloitte, and KPMG. We’re aiming to hire 2-4 more people to join the team in the coming months.

Disclaimers and notes: This article reflects the personal views of Eddie Thai, and not necessarily the views of 500 Startups. Nothing in this article should be construed as an offer, invitation or solicitation for investment, or be construed as investment advice. Data provided is as reported by portfolio companies, third-party sources, and/or internal estimates and may not have been independently verified. 1: including the GP commitment.