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Why Vietnam is the next big market for Southeast Asia
The funding focus on Vietnam has remained strong in Southeast Asia, as the country continues to maintain a strong economy and eager startup ecosystem. As one of the few countries that avoided a serious COVID-19 pandemic, the local economy was not severely impacted.
Do Ventures launches $50 million fund for Vietnamese startups, backed by Naver, Vertex and other notable LPs
New investment firm Do Ventures announced today the first closing of its fund for Vietnamese startups, which is backed by several of Asia’s most notable institutional investors. Called Do Ventures Fund I, the investment vehicle has hit more than half of its $50 million target, with limited partners including Korean internet giant Naver; Sea, whose businesses include Garena and Shopee; Singapore-based venture capital firm Vertex Holdings; and Korean app developer Woowa Brothers.