Vietnam's Vntrip secures top-up financing ahead of Series C round

Vietnam's Vntrip secures top-up financing ahead of Series C round

Halong Bay, Vietnam. Photo by Andre Ouellet on Unsplash

Vietnamese online travel agency (OTA) Vntrip has raised an undisclosed amount from Hong Kong-based late-stage investment firm — and existing backer — Hendale Capital.

The latest financing, which the company is referring to as top-up funding, comes ahead of a planned Series C later this year. Vntrip had in August 2018 announced raising its last round of funding, securing an unspecified amount from Swiss investment firm IHAG Holding. The funding had catapulted the startup’s valuation to $45 million.

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