Vietnam Startup Deals Insight 2016

2017-03-22 15:53:30
For Startup investment in Vietnam, 2016 is a tale of 2 cities, while experiencing a drop in total number of dealflow, it was a vibrant year for total investment value, increasing almost 50% compared to last year, of over $200m. The market is fresh and still full of opportunities.


Most of the dealflow comes from early stage funding (Seed and Series A), with some big deals going to F88 (Mekong Capital - $10M), and GotIt (Capricorn - $9.1M). Sweet spot continued to be in the medium-sized investments (<$ 5M), unchanged since 2015.

The breakout sector was Fintech (no surprise) with more than $129M poured in. This sector is continuing its stellar performance at press time. Notable deals went to Payoo, E-pay, Momo, and F88.

Edtech also grew strongly last year, topping $20M with 6 deals, ranking a distant second to Fintech in terms of deal values. Maintaining a strong presence in the ecosystem was E-Commerce with 12 deals but lower deal value.

With yet another year of strong performances, 2016 was just a peak to the vast potential of startups in Vietnam, and this augurs very positively for 2017.

So what makes a Startup stand out?

Topica Founder Institute (TFI) has the mission of building real startups, with real products, real revenues, and real funding. In 2016, 9 TFI graduates got funding, accounting for ~30% of all early stage funding deals in Vietnam (Seed, Series A).

“TFI Mafia” consists of hundreds of startups, investors, mentors promoting a “Pay-It-Forward” culture in building the startup ecosystem.

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The report is prepared annually by Topica Founder Institute (TFI) - Top 5 Accelerators in Southeast Asia. Founded in 2011, TFI has successfully incubated 5 batches of 60 companies having graduated, with a total of $20M funding, and all values at $100M combined. Some notable TFI alumni are 3S, Appota, Beeketing, Giaytot, Kyna, Monkey Junior, Meete, Hoayeuthuong, and Atadi.

Data contains both disclosed and undisclosed (non-exhaustive) investment deals that took place in 2016. We do not guarantee accuracy of the information for undisclosed deals, please use the information with discretion.

If you have any questions or requests pertaining to the list, please contact us.

Special thanks to our colleagues and friends who helped collect, research, and validate the information.


 

TFI team