Insignia Ventures commits to invest in Vietnam’s Topica accelerator graduates

Singapore-based Insignia Venture Partners will be investing at least $50,000 in each graduated startup from Vietnam’s Topica Founder Institute (TFI) accelerator programme, according to an announcement on Wednesday.

This is the first collaboration of its kind in Vietnam, TFI said.

“Vietnam is an energetic and potential startup market. If proper investment is available, great Vietnamese startups can emerge. Insignia Ventures Partners is showing great interest and desire to contribute for this development,” said Yinglan Tan, managing partner of Insignia Ventures Partners.

Insignia’s $150-million fund has invested in Logivan, an alumnus of TFI. Its other portfolio company from Vietnam is real estate portal Propzy, Tan revealed during the Vietnam Techfest event in November 2018.

TFI said, one third of the companies that received seed and Series A investments in 2016 were its incubatees. To date, more than 60 startups have graduated from the programme. A number of them have raised over $30 million in venture capital funding.

“This agreement between TFI and Insignia Ventures Partners marks a great milestone in validating our contributions to the Vietnam startup ecosystem over the years, and hopefully will propel it to a new height,” commented Tran Manh Cong, co-director of TFI.

Also read:

Exclusive: Insignia Ventures Partners closes debut fund at $120m

PE firm Northstar invests $50m in Vietnam’s Topica Edtech

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.