2014 was a brilliant year of Vietnam tech startups with 28 investment deals which had been announced. This is the highest number of investment in startups in Vietnam over the past 4 years.
28 investment deals had been announced in 2014
ICT sector in Vietnam now has some names that worths billion of dollars: FPT, VNG…Not only that, more and more companies are strongly thriving, reaching the valuation of hundreds millions of dollars, such as VC Corp, Vatgia...The flourish of Vietnam tech startups has attracted hundreds millions of dollars of investment from foreign venture capitals: IDG Ventures, CyberAgent Ventures, Duxton, MOL, Recruit, DFJ VinaCapital, Unitus Impact Fund, Lotus Impact Fund, Inspire Ventures…
Vietnam startup ecosystem
For the past 4 years, the number of startups which have received investments has continually increased. By the end of 2014, 28 investment deals had been closed for Vietnamese tech startups. Among of those, a quarter (7 out of 28 deals) invested in were Topica Founder Institute (TFI) graduated startups.
Vietnam Startup & Internet Scene 2014
Up to now, Topica Founder Institute (TFI) is the only accelerator in Vietnam whose grads raised multi-millions dollars funding, such as: Appota, HSP Yton, S3...Graduates in 3 batches of TFI had received roughly 10 millions USD of investment. 4 startups even received thousands USD funding even before graduation: Vlance, UpLevo, Antoree, Morbling.
Beside the impressive accomplishments of fundraising, TFI's founders and grad startups have had a successful year with remarkable milestones:
S3 (TFI Grad - 2nd batch) received Series A from a foreign strategic investor
Mr. Nguyen Ngoc Hung (TFI Grad Founder - 2nd batch) was honored in the list "30 under 30"of Forbes Vietnam
Ms. Do Tra Ly, Mr. Le Anh Quang (TFI Founders - 1st batch) and Mr. Nguyen Duc Hai (TFI Co-Director) represented Vietnam startups in ICT Entrepreneurship for Global Prosperity, organized by World Bank (Seoul, Korea)
Mr. Chu Duc Hoang (TFI Grad Founder - 3rd Batch) and Mr. Nguyen Duc Hai (TFI Co-Director) were 2 among the top 14 founders and researchers, representingVietnam to join the UK Innovation Fellowship in London, United Kingdom.
ZinMed (TFI Grad - 3rd Batch) won the second prize in "2014 mobile application development contest", co-organized by Vietnam Internet Association and Microsoft Vietnam.
Beeketing (TFI Grad - 3rd Batch) was 1 of top 5 startups in Founder Lab W15, organized by Founder Institute in Silicon Valley, USA.
Mr. Mai Duy Quang (TFI Co-Director) and 12 grad founders of TFI 3rd batch met up with 20 potential investors in Singapore.
HiSella (TFI Grad - 3rd Batch) was honored in top 4 "Israel Startups Competition 2014"
Appota (TFI Grad - 1st Batch) won the 3rd prize in Startup Asia Tokyo 2014 and succeeded in series B fundraising from Singapore and Japan capital funds.
Topica Founder Institute (TFI) is Vietnam's the only accelerator whose grads raised multi-million dollar funding. Startups of 3 batches of TFI have recieved in total about 10 millions USD funding. 4 startups of 3rd batch recieved hundreds of thousands USD funding before graduation: Vlance, UpLevo, Antoree, Morbling. Mentors are most funds: CyberAgent Ventures, DFJ Vinacapital, IDG Ventures...and accomplished founders: Vatgia, VNG, VietnamWorks, VTC Online...TFI is a member of Founder Institute global network, which was first founded in Silicon Valley and now has appearance in more than 60 countries and 85 cities.
Topica Founder Institute is going to receive applications for 4th batch in Ho Chi Minh City. Register here to receive most updated information.
