Vietnam Digest: Insignia Ventures backs Edmicro; VSV invests in LOOP Smart Pos

Photo by Štefan Štefančík on Unsplash

Hanoi-based edtech startup Edmicro has raised an undisclosed amount in a pre-series A funding round led by Insignia Ventures Partners while technology startup LOOP Smart Pos raised money from Vietnam Silicon Valley.

Edmicro raises pre-Series A from Insignia Ventures

Hanoi-based edtech startup Edmicro has raised an undisclosed amount in a pre-Series A funding round led by Insignia Ventures Partners, its CEO Que Nguyen confirmed to us.

The startup will use the funds to strengthen the capabilities of its platform, grow its user base in Vietnam, and expand into other markets in Southeast Asia by 2021.

Founded in 2018, Edmicro is a smart self-learning platform catering to Vietnamese students. The company is building a learning ecosystem called Onluyen.vn that adapts to the needs of every learner. Edmicro claims that Onluyen.vn has helped more than 30,000 students practice and master what they’re learning each month.

In July, DealStreetAsia reported that Insignia Ventures Partners is raising a $150-million second fund focused on Southeast Asia.

The firm is learnt to have roped in Pavilion Capital, a subsidiary of Singapore’s state investor Temasek Holdings, as the anchor investor for its latest fund.

Earlier, the Singapore-based venture capital firm said it would be investing at least $50,000 in each graduated startup from Vietnam’s Topica Founder Institute (TFI) accelerator programme.

Insignia has invested in Logivan, an alumnus of TFI. Its other portfolio company from Vietnam is real estate portal Propzy.

Vietnam Silicon Valley invests in LOOP Smart Pos 

Vietnamese government-backed accelerator Vietnam Silicon Valley (VSV) has invested an undisclosed sum in LOOP Smart Pos, a customer care and management platform for F&B and retail stores, according to an announcement.

LOOP was founded by Alvin Koh, who is eFounder of Alibaba and a member of TRIVE Ventures.

Unlike regular POS, LOOP Smart Pos allows the store to create customer experience with functions such as collecting and analyzing customer data, accumulating points to exchange gifts automatically via Facebook messenger and setting up electronic promotions.

In Vietnam, there are more than 1,000,000 small and medium-sized F&B and retail stores, of which only about 10 per cent are using technology, LOOP said in the announcement.

The goal of the company is to develop in the Vietnamese market first and then expand the market to other Southeast Asian countries.

 

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.