Vietnamese co-working space startup Toong secures funding

Visual from company's Facebook page.

Seven-month old startup Toong, the first coworking space chain in Vietnam, has received a multi-million dollar financing led by a seasoned group of local investors, retailers, and service providers.

While exact details about the investors were not disclosed, Toong said, they have been in the investment consulting and business strategy space for two decades.

Also Read: PH startup FlySpaces raises $500k from Coent Venture, others; launches in Singapore

After being in operation for just over six months, Toong has built a strong community spanning different sectors through a series of monthly activities and events. Its first outlet at Trang Thi (Hanoi) is the only location chosen by both Google’s vice president & CEO in their meetups with young entrepreneurs during their visits to Vietnam last year.

Toong co-founder and CEO Do Son Duong said, they do not plan to develop a community in size, noting working attitude is the key criterion for them to select targeted customers.

“We have built our brand as a human. Toong believes that people would maximize their potential as working in an inspirational and highly interactive environment,” Duong said. “Those working at Toong, therefore, are much like Toong. They respect the value of education and their origins while remain open-minded and always seek innovative ideas.”

Also Read:

Coworking space The Hub Singapore bags $1.1m Series A funding: Report

Vietnamese startups can adopt Valley model of ‘build fast, pivot fast & market fast’: Beeketing founder

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.