500 Startups Vietnam grabs $14M to invest in local companies58.22

500 Startups has set its sights on Vietnam, a historically dormant market that’s recently emerged as one of the most rapidly-expanding tech ecosystems in Southeast Asia.

The Silicon Valley startup accelerator and venture capital fund has raised $14 million for 500 Startups Vietnam, it’s Ho Chi Minh City-based micro-fund focused on Vietnam-headquartered startups or companies catering to the Vietnamese market. The fund launched in March 2016 with a $10 million target to capitalize on a new cohort of internet-era startups.

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