Vietnam Digest: VIISA to invest in Batch 3 startups; Adventus buys Danang land

Vietnamese accelerator VIISA will invest $15,000 each across four startups from its third batch while Singapore-based Adventus Holdings has acquired a land plot in Danang area.

Accelerator VIISA to invest in third batch startups

Vietnam’s accelerator VIISA – a partnership between Dragon Capital, FPT Corporation and Hanwha Investment & Securities – has started investing $15,000 each across four startups from its Batch 3 program.

The accelerator launched its third Batch in November 2017 which attracted more than 100 applications, predominantly from Vietnam.

In this batch, VIISA is shifting its focus early-stage ideas to Vietnam-focused ones with good product-market fit, companies with proven traction and solid teams.

The teams will also get up to $200,000 from VIISA’s fundraising track, the programme said in a statement.

“We are excited to build on the success of our Acceleration portfolio in 2017 with our newly established Investment portfolio, including two companies from the Acceleration track: WisePass and WeFit,” said Mr. Tran Huu Duc, CEO of VIISA and Head of FPT Ventures.

The $6-million accelerator was introduced in September 2016.

Adventus Holdings acquires a land parcel in Danang

Singapore Catalist-listed Adventus Holdings has entered into a joint venture agreement with Vietnam’s Panthera Company and two of its shareholders to acquire a plot of land in Danang, the Business Times reported.

The joint venture vehicle, AP NHS, will develop a residential apartment on the 3,825 sq m plot. It was established through ADV unit which is a wholly-owned subsidiary of Adventus Investments (Vietnam) Pte Ltd.

ADV S3 has agreed to pay S$2.9 million ($2.2 million) for a 45 per cent stake in the joint venture.

Adventus Holdings Limited is an investment holding company that engages in property investment and development, hospitality, project management activities as well as commodities and mineral resources businesses within Asia.

Also Read:

Three startups under Vietnam accelerator VIISA bag VC money

Vietnam: Accelerator VIISA launches second cohort, pushes to build global teams

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.