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South Korea's Nextrans to launch $50m Vietnam-focused fund

Company looking to invest in high-growth tech startups

Nextrans started investing in Vietnam in 2015 and is now one of the most active foreign venture capital firms in the country. (Source image from Nextrans Facebook)

HANOI -- South Korean venture capital firm Nextrans is planning to launch a new $50 million Vietnam-focused fund next month to target the country's tech startup ecosystem, DealStreetAsia has learned.

The new vehicle will make individual bets worth up to $3 million, confirmed Le Han Tue Lam, Nextrans general manager.

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