Has Vietnam’s e-commerce marketing platform Beeketing raised seed round from 500 Startups?

Beeketing logo.

Vietnamese marketing platform Beeketing has probably got funded by the US venture capital firm 500 Startups.

While neither company has publicly announced the investment, data platforms like AngelList and CrunchBase show that 500 Startups invested in a $125,000 seed round last month.

Queries sent to 500 Startups and Beeketing were unanswered at the time of filing of the story.

Meanwhile, it is probably the first investment made by 500 Startups in the Vietnamese startup scene, after the US fund roped in Eddie Thai and Binh Tran as the investment partners for this market.

Also Read: 500 Startups strengthens South East Asia team with two new partners in Vietnam

Prior to this, Beeketing was incubated by the Topica Founder Institute in Hanoi and secured some initial money from Vietnamese and Japanese angel investors.

According to CrunchBase, the total funding into Beeketing has touched $225,000.

Founded in August 2014 by Truong Manh Quan, Beeketing was the first Vietnamese startup to win a trip to Israel two months ago, to learn in one of the world’s most vibrant startup ecosystems.

In an interview with the Khoa hoc & Phat trien – a government media house under the Ministry of Science and Technology – Quan acknowledged that the rapid expansion of his startup was due to the mentorship provided by the local accelerators like Topica Founder Institute and HATCH! COACH, along with hands-on experience provided by the investors.

Beeketing aims to be the leading marketing automation platform for e-commerce for smaller companies in the US, Quan told the publication.

He is in the US for a six-month period to learn from startip mentors at the Silicon Valley, which will facilitate Beeketing’s global growth strategy.

The startup has reportedly, registered a 50 per cent growth month on month over the past seven successive months, largely bolstered by more than 25,000 online stores in the US and Europe that use its service.

Speaking about the Vietnamese government’s initiative to help tech startups, specifically the Vietnam Silicon Valley (VSV) project, Quan suggested that the authorities should expand their investments to encompass incubators and accelerators like SeedForAction, HATCH! or Topica Founder Institute.

According to him, the current financing to startups from the VSV ($8,000 for one project) is insufficient to nurture local startups.

Also Read: 

Vietnam’s startup ecosystem attracting fresh VC interest

Startup Review 2014: Vietnam tech firms find success, expand overseas

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.