VSV Capital - Vietnam Silicon Valley

What VSV Capital - Vietnam Silicon Valley does

VSV Capital is a privately held venture capital and startup accelerator firm headquartered in Hanoi, Vietnam. Originally established in 2013 as a government-backed initiative under Vietnam's Ministry of Science and Technology and reincorporated as VSV Capital in 2019, the firm operates Vietnam's first startup accelerator (launched 2014) and a $7M early-stage venture fund. The accelerator runs a 4-month bootcamp for pre-seed and seed-stage startups, investing up to $50K per team in exchange for 7-10% equity, supplemented by 1:1 mentoring from firm partners, workshops, and lifetime post-program support including investor roadshows. To date, VSV has accelerated 130+ companies and executed 70+ investments across logistics, e-commerce, agritech, edtech, medtech, and hardware, with claimed portfolio outcomes including up to 500x valuation increases for individual companies and a triple portfolio valuation with 20X+ exits.

The firm runs three additional program lines beyond the flagship accelerator: a venture fund targeting underserved early-stage segments, the Global Acceleration Program for Startups (GAPS/GMEP) hosted with KISED that brings 15-20 Korean startups annually into the Vietnamese market, and the Climate Tech Catalyst Program delivering grants and acceleration for climate-tech startups in agriculture, circular economy, waste management, renewable energy, and transport. Revenue is generated through accelerator equity stakes, venture fund management fees and carry, and government/development-partner project partnerships (MOST's Project 844, Techfest Vietnam, KOICA, GGGI). Distribution relies on direct founder applications via the F6S platform, KISED-sourced Korean deal flow, and government networks.

Name

VSV Capital - Vietnam Silicon Valley

Legal name

VSV Capital

Website

https://vsvcapital.com.vn

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

VSV Capital is Vietnam's first original startup accelerator and early-stage venture capital firm, operating since 2014. It runs a 4-month accelerator (up to $50K for 7-10% equity), a $7M venture fund, and cross-border programs for Korean and climate-tech startups.

Ownership category

akta.pro rank

Product category

Venture Capital and Startup Acceleration

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Accelerators & Incubators (Investor-Operated) (FSANAAAM)

akta.pro secondary industries

Early-Stage Venture Capital (Pre-Seed/Seed) (FSANAAAA), Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD), Corporate Accelerators & Startup Programs (FSANAHAD)

Keywords

• Venture capital
• Startup accelerator
• Early-stage investment
• Pre-seed funding
• Climate-tech acceleration

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Accelerator Equity Investment: VSV Capital invests up to $50K per team in exchange for 7-10% equity stake in early-stage startups. Each batch accepts 10-15 teams for the 4-month bootcamp program.
2. Venture Fund Returns: VSV Capital's venture fund makes early-stage investments in technology startups. Returns generated through portfolio appreciation and exits, with triple portfolio valuation and exits at more than 20X return.
3. Government Project Partnerships: VSV Capital collaborates with government agencies on startup ecosystem development projects including MOST's Project 844, Techfest Vietnam, and DOST's SpeedUp program.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

VSV Capital operates Vietnam's first original venture capital firm and startup accelerator since 2014, comprising two core businesses: an early-stage capital investment arm (venture fund with $7M AUM) and a 4-month accelerator bootcamp for pre-seed startups (up to $50K for 7-10% equity). They run flagship batch programs, a Global Acceleration Program for Korean startups in partnership with KISED, and a Climate Tech Catalyst program, with lifetime post-program support including mentorship, investor roadshows, and partnership introductions.

Product overview

VSV Capital operates as Vietnam's first startup accelerator and venture capital firm since 2014, consisting of two core business lines: an accelerator program and a venture fund. The flagship VSV Accelerator is a 4-month bootcamp for pre-seed and seed-stage startups providing up to $50K investment and mentorship. The VSV Venture Fund manages $7M AUM, focusing on early-stage technology investments in underserved segments. Additionally, the Global Acceleration Program for Startups (GAPS/GMEP) is a cross-border program that hosts Korean startups in Vietnam annually in partnership with KISED. The Climate Tech Catalyst Program supports climate-tech startups with prize pools of $120,000. Together, these programs have accelerated over 130 companies across more than 70 investments, with portfolio companies achieving valuations up to 500x increase since joining.

Differentiator

Problem solved

Functional benefit

Products and services

• VSV Accelerator (Flagship Program) A 4-month bootcamp accelerator program for pre-seed and seed-stage startups in Vietnam, providing up to $50K investment in exchange for 7-10% equity, along with mentorship, workshops, and networking opportunities. Each batch accepts 10-15 teams.
• VSV Venture Fund Early-stage venture capital fund investing in technology startups at the most underserved segments in Vietnam, with $7M in assets under management. The fund makes follow-on investments in promising startups and generates returns through portfolio appreciation and exits at 20X+.
• Global Acceleration Program for Startups (GAPS/GMEP) Cross-border acceleration program hosting 10-20 Korean startups annually to explore business opportunities in Vietnam, in collaboration with KISED (Korea Institute of Startup and Entrepreneurship Development). Provides mentorship, market discovery, and networking support.
• Climate Tech Catalyst Program Cross-border acceleration program supporting high-potential climate-tech startups in scaling solutions, accessing strategic partners, and expanding into the Vietnamese market, with focus on Agriculture, Circular Economy/Waste Management, Renewable Energy, and Transport sectors, and grants totaling up to US$240,000.

Quantifiable outcome

• 130+ companies accelerated since 2014
• +4 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and flagship.

• KOICA (Korea International Cooperation Agency)coreStrategic or Co-development Partner · 1 January 2026KOICA, GGGI, and Vietnam's Ministry of Finance launched a project to enhance net-zero readiness through climate-tech startup acceleration. VSV Capital and MYSC were selected as consortium partners to support the 2026 cohort, providing mentorship and investor connections to 15 selected climate-tech startups in agriculture, circular economy, waste management, renewable energy, and transport sectors.
• GGGI (Global Green Growth Institute)coreStrategic or Co-development Partner · 1 January 2026Partnership between KOICA, GGGI, and Vietnam's Ministry of Finance to support net-zero transition through climate-tech startup acceleration. VSV Capital serves as consortium partner providing mentorship and investor connections for the 2026 acceleration program.
• MYSCcoreStrategic or Co-development Partner · 1 January 2026Selected as consortium partner alongside VSV Capital to support the 2026 climate-tech startup cohort under the KOICA/GGGI net-zero transition project.
• Uproot CompanyflagshipStrategic or Co-development Partner · 1 January 2024Uproot Company, the South Korean creator of AI-powered Bitcoin accumulation platform Bitsaving, partnered with VSV Capital through the Global Accelerating Support Program in 2024. Their COO joined VSV Capital as Web3 Advisor. Collaboration includes co-development of localized investment services for Southeast Asian market and Vietnamese translation of El Salvador's Bitcoin Diploma educational curriculum.
• KISED (Korea Institute of Startup and Entrepreneurship Development)flagshipStrategic or Co-development Partner · 1 January 2018KISED is an institution under Korea's Ministry of SMEs and Startups. VSV Capital joined KISED's network of global partners in 2018 and hosts the Global Acceleration Program for Startups annually, welcoming 15-20 Korean startups per batch to explore the Vietnamese market. VSV provides mentorship, market discovery, and networking support to Korean startups selected through KISED's application process.
• Ministry of Science and Technology (Vietnam)flagshipStrategic or Co-development PartnerVSV Capital maintains close partnership with government agencies, serving as the go-to organization for startup events and policy development. They have collaborated on government projects including MOST's Project 844, Techfest Vietnam, and AI4VN initiatives that center around Vietnam's startup ecosystem development.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Quest Ventures: Asia-focused early-stage VC and accelerator with active programs in Vietnam and Singapore. Comparable in cohort-based acceleration, pre-seed/seed mandate, and cross-border founder support.
• 500 Startups Vietnam (500 Global): Global accelerator and early-stage VC with active programs in Vietnam. Closely comparable as a multi-batch accelerator offering capital, mentorship, and Demo Day access to early-stage founders.
• Antler: Global day-zero accelerator and pre-seed VC with active programs across Southeast Asia including Vietnam. Closely comparable in format (cohort-based, equity-for-capital, founder-first) and target stage.
• Do Ventures: Vietnam-focused early-stage VC investing in pre-seed and seed startups. Direct competitor for the same founder pool, mandate, and Vietnam ecosystem deals that VSV Capital targets.

Broad incumbents

• Openspace Ventures: Large Southeast Asia early-stage VC investing across Vietnam, Indonesia, Singapore, and Philippines. Comparable as a multi-country seed/Series A investor with a structured platform approach.
• Wavemaker Partners: SEA-focused early-stage VC with deep Vietnam exposure. Competes for the same Vietnamese founders but with significantly larger fund sizes and broader regional mandate.
• Mekong Capital: One of the largest Vietnam-focused private equity and venture capital firms. Broader incumbent in the same geography but typically later-stage than VSV Capital; useful benchmark for Vietnam fund scale and exit track record.
• VietCapital Ventures: Vietnamese-domestic VC arm of VietCapital, investing across early- and growth-stage tech. Comparable as a Vietnam-native investor competing for the same local deal flow with longer operating history.

Regional players

• Genesia Ventures: Japan-anchored early-stage VC investing heavily in Vietnam and Indonesia. Comparable as a foreign-led, Vietnam-active seed investor that competes for inbound Korean/Japanese cross-border deal flow.

Others

• KISED (Korea Institute of Startup and Entrepreneurship Development): Government-backed Korean startup support agency and VSV Capital's primary cross-border partner. Not a competitor but a strategically adjacent ecosystem enabler that routes Korean startups into VSV's program.

Market position

Strengths5 records

Weaknesses1 record

Competitive moat5 records

Key risks3 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UC5bk_AKJpIGhjaPcBbDj-rg
• Facebookfacebook.com/vsvcapital
• LinkedInlinkedin.com/company/vsvcapital
• Instagraminstagram.com/vsvcapital

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments73 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VSV Capital - Vietnam Silicon Valley