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

Looking to invest in global startups emerging from Vietnam

Ascend Vietnam Ventures says its backers across the Asia-Pacific region, Europe and North America made capital commitments to its early-stage fund. (Source photos by Getty Images and AVV website)

QUYNH NGUYEN, NGUYEN THI BICH NGOC, DealStreetAsia

November 1, 2022 15:38 JST

HANOI -- 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.