South Korean early-stage investor Nextrans has set up the VC foundation program to train all VC-oriented candidates in Vietnam while skill sharing marketplace Vibeji has raised $70,000 from Singaporean venture builder Reapra.
Korea’s Nextrans sets up a VC foundation program in Vietnam
South Korean early-stage investor Nextrans has set up the Venture Capital Foundation Program to train potential VCs in Vietnam, according to an announcement.
The 10-week program seeks to promote the development of Vietnam’s startup ecosystem to catch up with top regional countries in terms of both scale and professional capacity.
The program will offer knowledge of the venture capital field, analysis of venture deals and sessions with successful startups and famous VCs in the region.
Candidates will be taught by experts from Vietnam, South Korea, Nextrans partners in Singapore, Japan and the US.
“The boom of the startup ecosystem in Vietnam has attracted the attention of many domestic and foreign venture capital funds,” the firm said in its announcement.
“However, one of the biggest challenges that draw a gap within the picture is the lack of skilled human resources in the field of VC or dealing with VC, leading to a lack of professionalism in the process of raising capital among startups, or a call on exotic consultant with very high costs,” it added.
Nextrans is seeking to hit a target of a total of 100 investments this year in Vietnam. It deployed $4 million across 17 deals in the country and typically makes seed-stage investments in fintech, logistics and healthcare sectors.
HCMC-based skills platform Vibeji raises $70k
Vietnam’s skill sharing marketplace Vibeji has raised S$100,000 ($70,000) from Singaporean venture builder Reapra, according to an announcement.
Founded in 2018, Vibeji allows users to offer and book activities online. The business, Vibeji said, encourages young people to commit to social distancing without fully giving up on entertainment, meeting people, and other experiences.
Additionally, it provides a second source of income for those who lost their full-time jobs or are suffering from unpaid job termination, the startup said.
Launched in January 2014, Reapra is a venture builder and investment group based in Singapore with a strategic focus on developing sustainable businesses. Reapra works with 63 companies in 13 countries.