Vietnam’s early-stage venture capital firm ThinkZone Ventures has raised $60 million for its second fund, making it the biggest homegrown VC vehicle backed predominantly by local conglomerates, according to an announcement.
Local LPs include IPA Investments Corporation, Phu Thai Holdings, Stavian Group and others. The fund will back tech startups across various verticals in the pre-seed to Series A stages with ticket sizes going up to $3 million.
