S Korean investor STIC beefs up venture deals in Vietnam, backs Coolmate

Nguyen Hue, Vietnam. Photo: Peter Nguyen/unsplash

South Korea-based investment firm STIC Investments, which has a strong presence in Vietnam’s private equity space, is scouting for more venture deals to tap into the country’s fast-growing startup ecosystem.

Striking its second venture deal in the country this year, STIC Ventures has invested $500,000 in the pre-Series A round for Coolmate, a Vietnamese menswear brand that sells through its own e-commerce store.

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