Ascend Vietnam Ventures closes early-stage fund at $64m

Capria on

November 1, 2022

Ascend Vietnam Ventures has closed its flagship, early-stage venture capital fund at $64 million, a top executive told DealStreetAsia.

In June, AVV announced that it had exceeded its $50 million target for the debut fund, which will seed up to $2 million into 25 startups by next year and follow up with checks of up to $5 million.

Eddie Thai, co-founder and general partner of AVV, said its backers across the Asia-Pacific region, Europe and North America made capital commitments to the fund. The Asia-Pacific region accounted for a little over half the commitments.

Notable institutional limited partners backing the fund include the International Finance Corp., the Emerging Markets Impact Investment Fund, Capria, Blue Future Partners and Orient Growth.

Read the entire article on Nikkei Asia >

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