Hanoi, Vietnam – ThinkZone Ventures, the venture capital fund focusing on tech startups, has launched its ‘ThinkZone Fund II’, which deems to be the largest venture capital fund in Vietnam, aimed at supporting the growth of Vietnamese startups.
‘ThinkZone II Fund’, which was founded by ThinkZone Ventures and other notable Vietnamese conglomerate owners that specialises in finance, retail, manufacturing, agriculture and F&B, seeks to provide a huge amount of support to accelerate the growth of startups, and to further create sustainable development for the economy.
With its US$60m fund, ThinkZone Ventures will be investing in tech startups in various verticals from Pre-Seed to Series A, offering up to US$3m per startup. It will be accompanying founders who have great vision, passion, and ambition to create products that create positive impacts for society.
Besides financial resources, the biggest advantage of ‘ThinkZone Fund II’ is the huge support from large Vietnamese conglomerates in many fields such as investment corporation IPA Investments, multi-industry investment group Phu Thai Holdings, and multi-industry corporation and primary plastic resins distributor Stavian Group.
Bui Thanh Do, ThinkZone Ventures’ general partner and CEO, said, “I and ThinkZone always want to contribute and create a launching pad for founders who have the passion and vision to create positive values for society. With Fund II, ThinkZone has more resources than ever to make that happen.”
Meanwhile, Pham Minh Huong, IPA Investments’ co-founder and VNDIRECT’s chairwoman, shared that Fund I has proven that ThinkZone has selected and developed companies with great potential, and with Fund II’s large resources, there are sure to be many more successful companies.
“This is also the first amount of capital that IPA allocates for startup investment, and ThinkZone is the very place that we trust to invest,” said Huong.
