Ascend Vietnam Ventures closes debut, early-stage fund at $64m

Ascend Vietnam Ventures closes debut, early-stage fund at $64m

(Left to right): Binh Tran, general partner, Ascend Vietnam Ventures; and Eddie Thai, co-founder and general partner of AVV.

Ascend Vietnam Ventures (AVV) has closed its flagship, early-stage venture capital fund at $64 million, a top executive told DealStreetAsia.

In June, AVV had announced that it exceeded the $50 million target for the debut fund, which will be seeding up to $2 million into 25 startups by next year and following up with cheques of up to $5 million.

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