Golden Gate Ventures assists startups in Vietnam
05/31/2022 11:11
With this deal, Golden Gate Ventures will increase investment in the market, promote exchanges, develop new ideas and innovations, and act as a catalyst to support Vietnam’s startups in building a position in the region.
Currently, the investment fund has established representative offices in Singapore, Vietnam and Indonesia, affirming that this is the “Golden Triangle of Startups” in Southeast Asia.
NIC Director Vu Quoc Huy said that in the first four months of 2022, the number of newly-established enterprises in Vietnam increased by 12.3 percent over the same period last year and by 31.9 percent over that of the previous two years.
Golden Gate Ventures is a venture capital fund in Southeast Asia founded by Silicon Valley natives. Since 2011, the firm has launched four funds, managed 250 million USD AUM, and invested in over 60 companies.
To support startups and innovation in Vietnam, the fund announced the launch of two new offices in Hanoi and Ho Chi Minh City./.