Vietnam Digest: BravoHR raises seed funding; Viet Valley Ventures backs 3 startups

Hanoi, Vietnam. Photo by Luu Quang Minh (AA+ Studio) on Unsplash

HR tech startup BravoHR has raised an undisclosed amount in seed funding from Zone Startups Vietnam and 1005 Ventures, while homegrown venture capital firm Viet Valley Ventures has invested in three technology startups.

HR tech startup BravoHR raises seed funding 

Ho Chi Minh City-based HR tech startup BravoHR has raised an undisclosed amount in a seed funding round from Zone Startups Vietnam, an accelerator for technology startups, and 1005 Ventures, according to a statement.

Launched in August 2018, BravoHR provides digital solutions for staffing, employee benefits and rewards.

The company claims to cater to businesses such as McDonald’s Vietnam, Philip Morris, 7-Eleven, PNJ Watch, On Point e-commerce company, Idocean trading company and Chubb Insurance

“When BravoHR joined Zone Startups Vietnam startup program, the advisory and support team of Zone startups from Canada and Vietnam had a great understanding that HR-tech market in Vietnam is still in its infancy so there are still many opportunities and potentials for development. Therefore, investing in BravoHR at an early stage as well as connecting businesses and partners to BravoHR is one of our priorities in the exploration of this market,” said Zone Startups Vietnam in a statement.

1005 Ventures, meanwhile, is an investment fund founded by former Google, Alibaba and BCG executives to support startups in the fields of transportation, medical and human resource management focused on the US, Europe and Asia Pacific markets.

Most recently, online recruitment startup JobHopin bagged $2.45 million in a Series A funding round from South Korea’s SEMA Translink Investment, Boston- and Tokyo-based Edulab Capital Partners and Japanese tech and HR services firm NKC Asia.

Viet Valley Ventures invests in three startups

Newly-established homegrown venture capital firm Viet Valley Ventures has invested in three technology startups — JobsGo, WindSoft and EcomEasy — according to local media reports.

The investment amount was not disclosed. The VC firm has separately said that it is seeking to invest $200k-500k in five startups each year.

Viet Valley Ventures was founded in 2019 by senior tech executives working in Silicon Valley and seeks to provide financial and tech support to fledgeling startups in Vietnam. 

Founded in 2018, JobsGO is a mobile recruitment platform in Vietnam with 1 million users to date.

WindSoft specializes in software solutions and mobile applications to help businesses manage and convert digital businesses to maximize sales and improve customer experience in the 4.0 technology era. 

Meanwhile, EcomEasy specialises in providing businesses with marketing and sales solutions for e-commerce. 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.