S Korea’s Smilegate Investment plans to launch second Vietnam fund

Photo: Peter Nguyen/Unsplash

After backing four Vietnamese startups through its $10-million debut vehicle and buoyed by the investment potential in the south-east Asian market, South Korea’s Smilegate Investment is planning to launch a second country-focused fund this year.

Smilegate Investment is the corporate venture capital arm of South Korean game developer Smilegate, the creator of Crossfire – an online first-person shooter (FPS) available in 80 countries with 650 million registered players.

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