Japanese Genesia Ventures leads $2.5m funding round in Vietnam's Luxstay

Japanese Genesia Ventures leads $2.5m funding round in Vietnam's Luxstay

A woman looks out from a rooftop bar as traffic moves along a road in Hanoi, Vietnam. Photographer: Justin Mott/Bloomberg

Japanese early stage investor Genesia Ventures has led a $2.5 million Pre-series A funding round in Vietnam’s Airbnb-like startup Luxstay. Founders Capital, Y1 Ventures and two other investors also joined the round.

In a statement, Luxstay said, the objective of this fundraising stage is to accelerate development and to successfully raise the next big round in 2018.

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