500 Startups Backs Vietnam Companies in Southeast Asia Push
- Silicon Valley firm targeting up to 150 Vietnam investments
- Vietnam's strong economy and startup culture attracts funding
Dave McClure, founding partner of 500 Startups.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
500 Startups, the Silicon Valley venture capital firm founded by Dave McClure, has invested in eight Vietnamese companies as it targets the nation’s tech-savvy population.
E-commerce, messaging and online ticketing startups were among the first to get funding, Binh Tran, a partner at 500 Startups, said in an interview. After setting up its Vietnam operations in August, the firm expects to make as many as 150 startup bets in the country.