Vietnamese startups mobilize $205 million in 2016

The community of Vietnamese startups mobilized the record high capital of US$205 million last year, according to statistics by Topica Founder Institute.

Young startups at eDoctor Company (Photo: SGGP)

The funds reduced about 25 percent over 2015 and increased 46 percent over the previous year.
Startups from financial technology took the lead with the total raised amount of $129 million.

In 2016, there were seven funds raising deals with the value of over $10 million. They number includes four deals with capital exceeding $15 million.

Foreign investors continued transgressing domestic firms in both the number of deals and capital amount.

By P.Duy – Translated by Hai Mien

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.