IDG Ventures Vietnam(IDGVV) is the first technology-focused Venture Capital fund in Vietnam, with $100 Million under its management. The company supports tech ventures and entrepreneurs to grow their companies on a global basis.
IDG Ventures Vietnam -About The Company
Founded in 2004, IDGVV is a Private Equity investment fund that supports technology startups and entrepreneurs to scale their business globally. They invest in both early and late-stage ventures on behalf of their limited partner, International Data Group (IDG). As an independent partner of IDG, which is the world’s largest IT-Media company, IDG Ventures operate a total of six locally handled funds with almost $2 billion in total under their management. IDG Ventures supports entrepreneurs spanning all over the globe, with over 220 investments in various continents and markets since their inception. IDGVV has its focus on the emerging market of Vietnam.
The Strategy
IDG Ventures Vietnam backs and grooms firms with great potential to become sector leaders and market disruptors. The firm selects their portfolio companies based on various criteria that speaks to the strength and potential of the company. These factors contribute to the growth and success of a company, on a regional as well as a global scale.
This includes creating a unique commodity that caters to a well defined lucrative market, regionally, or globally. They also require a strong management team with the skills, the vision and the commitment to build this company up, while understanding the target market and demographic to cater to their needs. Leveraging the best tech, while being consistent with the best international practices and transparent with their accounts and finances.
Fundraising
IDGVV had one round of fundraising announced in January 2005, which raised $100 Million.
Investments
IDG Ventures Vietnam has invested in companies as part of IDG Ventures, looking for potential benefactors across the globe, and in all markets all over the world. In Vietnam particularly, they have made significant investments in the past that support the tech ecosystem of the country. Most of these investments focus on the Southeast Asian region, including countries like India and Singapore. They have also made diversity investments, particularly in the US-based AdTech company Rubicon Project, founded by Women.
In Vietnam, their last investment was in the eCommerce platform and Groupon website NhomMua.com, which was later exited from by them, and acquired by Vietnamese online retail platform CungMua. The Venture rounds of NhomMua.com raised an undisclosed amount as seed funds.
Vietnamese Big Data Mobile enterprise CENTECH Communication JSC was also backed by IDGVV in 2007, with a Series A Investment of $1 Million.
The Verdict
As an early backer of the emerging Vietnamese tech ecosystem, the support of an international conglomerate like IDG plays a huge role in the development of this market. Their focus on Southeast Asia and their commitment towards developing thus economy helps to bring out the full potential, not only in the firms that they support but the market as a whole.
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