The Vietnamese version of the business reality television series Shark Tank has launched its fourth season, focusing on startups providing digital transformation solutions; while Facebook investor Jim Breyer and Singapore’s Vulpes Investment Management have backed Australian healthcare startup Rosemary Health.
Shark Tank Vietnam launches fourth season
Nearly $33 million in investment capital has been committed to 77 startups in the Vietnamese version of funding TV show Shark Tank through three seasons, the programme’s organisers said at the launch of the fourth season on Tuesday.
This year’s theme is digital transformation and the programme will not only connect startups with investors but also expand opportunities for startups that are developing digital products.
The six investor judges of Shark Tank Vietnam are Nguyen Xuan Phu, chairman of household appliance provider Sunhouse; Pham Thanh Hung, vice chairman of property developer CEN Group; Do Thi Kim Lien, founder of technology insurance application LIAN; Nguyen Hoa Binh, chairman of NextTech Group; Nguyen Thanh Viet, chairman of the board of directors of Intracom Group; and Louis Nguyen, chairman & general director of Saigon Asset Management (SAM).
The show will be aired every Sunday on national television. Vietnam is the 41st country to import the Japanese-origin reality show.
Shark Tank Vietnam debuted in 2017 with a corpus of 70 billion dong ($3 million) targeting early-stage financing for promising startups and raising awareness about the local fledgling startup ecosystem.
Vietnam’s startup ecosystem witnessed the launch of a venture capital fund alliance that commits over $815 million to support the country’s startup ecosystem over the next four years. An agreement to that effect was signed between the Vietnamese government and local and international VC firms at the Vietnam Venture Summit in November 2020.
Facebook backer Jim Breyer invests in Rosemary Health
Venture capital heavyweight and early Facebook backer Jim Breyer has participated in a $2.4 million seed funding round in healthcare startup Rosemary Health, making his first investment in Australia.
Rosemary Health was founded by a Vietnam-born Australian entrepreneur. The startup said that the fresh fund will be used to help scale its clinical capabilities to serve a growing customer base in rural, regional, and metropolitan Australia.
In addition to A$900,000 in funding from Breyer Capital, Rosemary banked $1.4 million from venture fund Artesian, while Spring Capital invested $250,000. Singapore-based Vulpes Investment Management invested $500,000.
The Sydney-based healthcare business has seen explosive demand since it started offering online consultations and clinical support six months ago. The company claims that it attracted more than 10,000 users with double-digit monthly growth.
Rosemary co-founder and CEO Romain Bonjean is one of Australia’s leading consumer health and technology entrepreneurs. He worked with 23andMe on its Australian market entry.
Rosemary Health provides online healthcare consultations and home delivery of pharmacy medicines for 22 common conditions. Rosemary plans to raise additional funds in the second half of this year to fuel growth and acquisitions.