Asia Digest: Vietnam’s ThinkZone invests in 5 startups; Japan’s Hiroshima Venture launches fund

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

Vietnam’s accelerator ThinkZone has announced the list of top five startups that are slated to receive an investment of $250,000. Meanwhile, Japan’s Hiroshima Venture Capital has launched a JPY1 billion ($9.3 million) fund that will invest in local startups and small to medium-sized enterprises.

Vietnam’s ThinkZone invests $250k in top 5 startups

Vietnam’s accelerator ThinkZone has announced the list of top five startups that are slated to receive an investment of $250,000 and other support packages from large corporates

According to an announcement, these startups come from a variety of verticals including manufacturing, healthcare, and edtech. 

Top 5 startups will receive a $50,000 each from ThinkZone, with a 3-month acceleration programme.

During the programme, the startups will be connected to ThinkZone’s network of experts and successful founders from Silicon Valley, receiving office-hour to boost their business metrics.

Top 5 startups that receive investment are iSalon, an application for spa scheduling, hair care, hair advice and discounts for customers on off-peak hours; Bluecare, a platform that allows users to schedule home health-care services for babies; and Housecare, a household tasks support platform.  The two others are Hachium, a SaaS platform that helps professionals, teachers, schools create an online training system; and Airiot, a compact IoT product that applies Big Data to sensor and analyze data of electricity consumption in home appliances. 

“Our goal is to help the startups with comprehensive support packages, so that they can save up to billions VND of expenses. These resources become even more significant in the context that startups need a lot of support to overcome the difficulties caused by the Covid-19 pandemic”, said Catalina Catana, Head of ThinkZone Accelerator. 

In February, we reported that ThinkZone is seeking to raise a $30-million venture capital fund focused on tech startups in Vietnam and Southeast Asia.

The fund, ThinkZone Ventures, is expected to close by the first half of this year. It will focus on investing across industries such as logistics, supply chain, medtech, fintech, edtech, agritech, proptech and AI.

Japan’s Hiroshima Venture Capital launches $9.3m fund

Japan’s Hiroshima Venture Capital has launched a JPY1 billion ($9.3 million) fund that will invest in local startups and small to medium-sized enterprises (SMEs), according to an announcement.

Called HVC No.2 Investment Limited Partnership, this vehicle targets investments in new technologies/new business models, venture startups and SMEs that may go public.

The firm said that the new vehicle aims to enhance the corporate value of the investee.

Established in 1995 Hiroshima Venture Capital has operated 12 venture capital funds so far.

 

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.