S Korean VC Nextrans to launch $50m Vietnam-focused fund soon

S Korean VC Nextrans to launch $50m Vietnam-focused fund soon

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South Korean venture capital firm Nextrans is planning to launch a $50-million new Vietnam-focused fund next month as it steps up focus on the country’s tech startup ecosystem, DealStreetAsia has learnt.

The new vehicle, which targets to achieve the first close in December this year, will look at writing cheque sizes of up to $3 million, Le Han Tue Lam, Nextrans’s general manager confirmed in a recent interaction.

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