AVV Ascend Vietnam Ventures

What is AVV Ascend Vietnam Ventures?

AVV Ascend Vietnam Ventures is a venture capital firm headquartered in Ho Chi Minh City, VN, focusing on empowering internationally iconic companies emerging from Vietnam. They aim to be the first institutional investor in tech or tech-enabled startups, with a keen interest in a range of sectors including fintech, edtech, future of work, enterprise SaaS, health tech, and logistics.

The firm is known for leveraging technology advancements such as AI and blockchain, considering it a beneficial attribute in potential investments. The firm's investment range lies between $500,000 and $2,000,000, targeting early-stage, seed, and Series A funding rounds.

The investor profile boasts a robust portfolio with notable seed investments such as Axie Infinity, a blockchain gaming and NFT pioneer, ApplyBoard, an edtech unicorn, ELSA, which received backing from Google's AI-focused fund, and Trusting Social, Sequoia's first investment in a Vietnamese startup.

AVV Ascend Vietnam Ventures prides itself on being not only investors but also builders, strategists, and respectful partners in the founder's journey. Their team is diverse, with a mix of locals and foreigners, introverts and extroverts, all united by a common belief in the potential of Vietnamese startups. On their website, they emphasize their commitment to helping founders 'ascend to great heights' and feature success stories and educational content on the tech funding landscape in Vietnam.

The website also introduces the AVV team, showcases their portfolio, and provides insights on topics such as remote work, venture capital, and AI. Finally, AVV has a presence in thought leadership with publications such as 'The Ascent' and a podcast series 'Founders & Friends', highlighting their engagement with the startup ecosystem.

What they say:

We are early-stage VC that invests in VN-based founders and companies solving emerging Asia or global problems, or globally-based teams solving for VN and emerging Asia. We've been investing for nearly the last 10 years in VN First and foremost an operational VC that understands tech, having built tech teams and tech products before.

What we look for: We invest in VN-based founders and companies solving emerging Asia/global problems, or globally-based teams solving for VN/emerging Asia.We are a generalist VC (We look at all sectors) and especially interested in fintech, edtech, future of work, enterprise SaaS, health tech, and logistics.We'd like to be your first institutional VC.

How we help: When it comes to investing, our commitment goes beyond financial backing, we offer hands-on, strategic guidance to help founders every step of the way, whether it's people, capital, or growth.