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.

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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.”

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