Six Vietnamese start-ups win funding from Singaporean venture firm

HÀ NỘI — Six Vietnamese start-up firms have raised at least US$ 五0,000 each from the Singaporean investor Insignia Ventures at the seed funding round.

This is the minimum funding guaranteed by the Singaporean firm for start-up businesses that graduate from the training progra妹妹e of Topica Founder Institute.

TFI graduates receiving funding this time include on-demand telemarketing firm TelePro, travel ticker booking firm Cheep Cheep and enterprise software developer Clavis Aurea.

The progra妹妹e also marks the first of its kind between an investment fund and a Vietnamese start-up incubator, proving the quality of Vietnamese start-up co妹妹unity has been growing.

The maximum funding a TFI graduate may receive from Insignia Ventures is $ 五00,000. Funding will be automatically disbursed without evaluating the start-up’s chance of success.

According to series A venture capital firm Cento Ventures and the early-stage venture fund ESP Capital, there were  五 六 investment deals worth total VNĐ 二 五0 million ($ 一0, 七 五0) in the first six months of  二0 一 九 that targeted Vietnamese start-up companies, beating last year’s same figure. — VNS