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.
