This marks the Series B investment round for Rever.
The firm plans to make 10 investments in Vietnam in 2019.
The number of startups in Vietnam grew from 400 in 2012 to 3,000 last year.
Creador marked its first Vietnamese deal by investing $43 million in Mobile World in 2018.
The investors had intended to hold the asset for a longer period but strong demand resulted in an acceleration of the exit.
The company is learnt to have organised a roadshow for Thai investors.
The firm had launched its latest fund in August 2018.
Gan is expected to depart the VC firm at the end of this month.
China accounted for approximately 40 per cent of the region’s transaction value.
The PE firm had secured $2.1 billion in commitments by the end of April.
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