VinaCapital Ventures
VinaCapital Ventures is a Ho Chi Minh City-based venture capital platform (USD 100M+ active capital) investing in Vietnam and Southeast Asian technology startups through three funds, backed by VinaCapital Group and strategic LPs Mirae Asset and Naver, targeting tech-enabled solutions across logistics, fintech, PropTech, and adjacent verticals.
- Company typePrivate
- Founded2018
- HeadquartersHo Chi Minh City, Vietnam
- Headcount1–10
- GTM typeB2B
- OfferingServices
What VinaCapital Ventures does
VinaCapital Ventures is the venture capital investment platform of VinaCapital Group, a multi-disciplinary investment manager headquartered in Ho Chi Minh City, Vietnam with approximately USD 1.8 billion in group-level assets under management. The firm operates three funds targeting technology startups in Vietnam and Southeast Asia: DFJ VinaCapital (Fund 1, established 2007 as a joint venture with Draper Fisher Jurvetson), VinaCapital Ventures (Fund 2, launched 2018 as a USD 100M partnership with Mirae Asset and Naver), and the upcoming Growth Fund (Fund 3, expected 2024 with USD 100M+ target). The platform's investment thesis centers on backing tech-enabled solutions that resolve structural inefficiencies in traditional sectors such as logistics, financial services, real estate, insurance, agriculture, and media, with ticket sizes ranging from USD 2M to USD 10M per investment.
The firm's core technology is its venture capital investment platform, supported by proprietary ecosystem mechanics rather than product software. It runs Zone Startups Vietnam under the global DMZ accelerator network and maintains a three-pillar support model (business community, startup community, and government/university partnerships). Portfolio companies include Chicilon Media (digital OOH advertising, 70%+ inner-building market share), UrBox (digital rewards serving >80% of Vietnam banking/insurance/aviation), Logivan (freight SaaS with 35% emissions reduction), Sygnum (world's first digital asset bank), Validus (SME lending marketplace), and Quickom (US-patented decentralized video conferencing). The current portfolio spans 21+ active companies across FinTech, logistics, PropTech, insurtech, blockchain/Web3, AgriTech, e-commerce, media, and FoodTech verticals.
VinaCapital Ventures generates revenue through venture capital fund management economics, primarily management fees on committed capital and carried interest from portfolio exits. Fund 1 delivered 3.7x MOIC and 17.2% IRR, with select portfolio companies achieving >100x multiples through regional expansion and local IPOs. The go-to-market relies on direct deal sourcing via the parent group's local network, strategic LP partnerships (Mirae Asset, Naver) for co-investment and capital backing, and ecosystem events like the Vietnam Venture Summit. The firm serves two primary customer segments: technology startups in Vietnam seeking growth capital and operational support, and institutional LPs seeking Vietnam/SEA venture exposure through a localized platform with international strategic anchors.
VinaCapital Ventures firmographics
Firmographics- Name
- VinaCapital Ventures
- Legal name
- VinaCapital Ventures
- Website
- https://ventures.vinacapital.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- VinaCapital Ventures is a Ho Chi Minh City-based venture capital platform (USD 100M+ active capital) investing in Vietnam and Southeast Asian technology startups through three funds, backed by VinaCapital Group and strategic LPs Mirae Asset and Naver, targeting tech-enabled solutions across logistics, fintech, PropTech, and adjacent verticals.
- Ownership category
- akta.pro rank
VinaCapital Ventures industry classification
Industry- Product category
- Venture Capital
- NAICS
- Other Investment Pools and Funds (5259), Miscellaneous Intermediation (52391)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)
- akta.pro secondary industry
- Venture Capital Fund-of-Funds (FSANAGAC)
Keywords
Where VinaCapital Ventures is headquartered
LocationHeadquarters
- HQ city
- Ho Chi Minh City
- HQ country
- Vietnam
- HQ region
- Asia
Offices1 record
Markets served
VinaCapital Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Venture Capital Fund Management: Returns from equity investments in portfolio companies through exits via IPOs, strategic sales, or secondary transactions. Fund 1 achieved 3.7x MOIC and 17.2% IRR.
- Portfolio Company Returns: Realization of investment gains through various exit mechanisms including local IPOs (over 100x multiple for select exits) and strategic sales to larger acquirers
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Fund 2 Investment Tickets |
| Other | Multi-year contract | Fund 3 Investment Tickets |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
VinaCapital Ventures product offering
Product offeringCore offering
VinaCapital Ventures operates a USD 100 million venture capital investment platform that deploys equity capital into Vietnam-focused technology startups across multiple funds (early-stage Fund 1/DFJ VinaCapital, mid-stage Fund 2, and growth-stage Fund 3). The firm sources deals through its local network, conducts due diligence on product-market fit and management quality, and provides growth capital alongside operational and strategic support. Fund tickets range from USD 2-10 million per investment with multi-year holding horizons.
Product overview
VinaCapital Ventures is the venture capital investment platform of VinaCapital Group, offering three distinct investment funds: Fund 1 (DFJ VinaCapital, 2007) targeting early-stage technology companies with 3.7x MOIC returns; Fund 2 (2018) a USD 100 million platform in partnership with Mirae Asset and Naver investing in tech-enabled solutions for traditional sectors; and Fund 3 (Growth Fund, expected 2024) a USD 100M+ growth-stage fund with USD 3-10M ticket sizes. The firm manages a diversified portfolio of 21+ portfolio companies across Vietnam and Southeast Asia spanning multiple verticals including FinTech (UrBox, Validus, Wee Digital), logistics and transportation (Logivan, An Vui), media and advertising (Chicilon Media, GoStream), real estate (Rever, Homebase), insurtech (Global Care), blockchain/Web3 (Sygnum, Hub Global, M3TA, Coinhako), AgriTech (Koina), e-commerce (Ecomobi, DutyCast), video conferencing (Quickom), cyber security (Protos Labs), FoodTech (INNOHAS), and startup acceleration (Zone Startups Vietnam).
Differentiator
Problem solved
Functional benefit
Products and services
- VinaCapital Ventures Growth Fund (Fund 3) Growth-stage venture capital fund providing USD 3-10 million equity tickets to promising Vietnamese and Southeast Asian technology startups, with focus on supporting breakthroughs in Vietnam's digital economy through investments in leading asset-light digital technology companies.
- VinaCapital Ventures Fund 2 Venture capital fund launched in 2018 as a strategic partnership with Mirae Asset and Naver with USD 100 million corpus, investing USD 2-10 million per deal in tech start-ups across Vietnam and Southeast Asia with a thesis of resolving inefficiencies in traditional sectors through tech-enabled solutions.
- DFJ VinaCapital Fund 1 Early-stage venture capital fund established in 2007 as a joint venture with Draper Fisher Jurvetson, one of Vietnam's first venture capital investors, targeting early-stage companies in technology, media, and telecommunication. Fund 1 achieved 3.7x MOIC and 17.2% IRR.
Quantifiable outcome
- Fund 1 achieved 3.7x MOIC and 17.2% IRR
- +2 more outcomes
Companies that use VinaCapital Ventures
Customer profileNamed customers21 records
Segments2 records
Ideal customer profiles2 records
VinaCapital Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature3 records
VinaCapital Ventures partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and flagship.
- Philipp RöslercoreFormer German Vice Chancellor appointed as chairman of VinaCapital Ventures' advisory board, providing counsel to both the VC and its portfolio companies. Previously served as advisor to US-based Founder's Fund.
- NaverflagshipNaver operates various online businesses including the popular LINE messaging app and is positioned to help Vietnamese startups expand to Korea, Japan, and beyond through portfolio company support and technology collaboration.
- DMZ (Digital Media Zone)coreZone Startups Vietnam is part of the global network of DMZ accelerator programs, helping founders accelerate businesses through market validation and customer acquisition focus.
- Draper Fisher Jurvetson (DFJ)coreDFJ VinaCapital was a joint venture with Silicon Valley VC firm Draper Fisher Jurvetson, one of Vietnam's first venture capital investors. Fund 1 invested in early-stage companies in technology, media, and telecommunications, achieving 3.7x MOIC and 17.2% IRR.
Scale indicators8 records
Recent moves9 records
Expansion highlights5 records
VinaCapital Ventures competitors and assessment
Company assessmentDirect peers
- Do Ventures: Vietnam-native early-stage tech VC. Direct competitor on Vietnam tech deal flow with a comparable stage focus and ticket size range.
- Monk's Hill Ventures: Pan-Southeast Asia early- and growth-stage tech VC with active deployment in Vietnam, Singapore, and Indonesia. Directly comparable to VinaCapital Ventures in stage focus, ticket size, and regional tech mandate.
- Wavemaker Partners: SEA-focused early- and growth-stage VC investing in Vietnam, Singapore, Thailand, and the Philippines. Closely comparable to VinaCapital Ventures across stage, geography, and digital-economy thesis.
- Openspace Ventures: Singapore-headquartered SEA tech investor with significant Vietnam exposure. Directly comparable on stage, sector focus, and cross-border SEA execution model.
- Jungle Ventures: Pan-SEA venture and growth-stage investor with active Vietnam deployment and tech-only thesis. Comparable mandate, scale, and Southeast Asia tech focus.
- Golden Gate Ventures: Early-stage SEA tech VC founded in Singapore, actively investing in Vietnam, Indonesia, and Thailand startups. Comparable stage focus and SEA tech mandate to VinaCapital Ventures.
- Beenext: Singapore-based early-stage VC with deep Vietnam and India exposure. Comparable stage, sector focus, and Southeast Asia tech thesis.
- Vertex Ventures: Multi-fund global VC network with active Southeast Asia operations in early- and growth-stage tech. Comparable mandate and operating model across SEA tech investments.
Broad incumbents
- Sequoia Capital: Global tech investor with scaled Southeast Asia operations. A broader incumbent with vastly larger fund sizes; not Vietnam-specialized but increasingly competing for the same founders at premium valuations.
Regional players
- East Ventures: Indonesia-anchored tech VC with growing Vietnam activity. Operates a similar stage and sector model across SEA but primarily serves a different core geography (Indonesia).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
VinaCapital Ventures social profiles
Digital presenceVinaCapital Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
VinaCapital Ventures leadership team
Management profileNumber of profiles
Profiles10 records
VinaCapital Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VinaCapital Ventures M&A and investment
M&A and investmentM&A
Investments30 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VinaCapital Ventures
What does VinaCapital Ventures do?
VinaCapital Ventures operates a USD 100 million venture capital investment platform that deploys equity capital into Vietnam-focused technology startups across multiple funds (early-stage Fund 1/DFJ VinaCapital, mid-stage Fund 2, and growth-stage Fund 3). The firm sources deals through its local network, conducts due diligence on product-market fit and management quality, and provides growth capital alongside operational and strategic support. Fund tickets range from USD 2-10 million per investment with multi-year holding horizons.
Is VinaCapital Ventures a public or private company?
VinaCapital Ventures is a private company. It is classified as corporate owned and is currently operating.
When was VinaCapital Ventures founded?
VinaCapital Ventures was founded in 2018. It employs 1 to 10 people.
Where is VinaCapital Ventures based?
VinaCapital Ventures is headquartered in Ho Chi Minh City, Vietnam, in the Asia region.
How does VinaCapital Ventures make money?
Two revenue lines are on record. Venture Capital Fund Management is the primary driver. The others are portfolio Company Returns.
Who are VinaCapital Ventures's main competitors?
Direct peers on record are Do Ventures, Monk's Hill Ventures, Wavemaker Partners, Openspace Ventures, Jungle Ventures, Golden Gate Ventures, Beenext and Vertex Ventures. Sequoia Capital is listed as a broad incumbent. East Ventures is listed as a regional player.
Does VinaCapital Ventures have an API?
No public API is recorded for VinaCapital Ventures.
What industry is VinaCapital Ventures in?
VinaCapital Ventures's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAJ, Venture Capital Fund-of-Funds / Multi-Manager Platforms, with a secondary code of FSANAGAC, Venture Capital Fund-of-Funds. Its NAICS code is 5259 and its SIC code is 6211.