The number of startup investment deals in Vietnam doubled in 2015 compared to 2014, with 67 deals recorded. Notable deals included a series C round for Foody valued over $10 million and the acquisition of Misfit by Fossil Group for $260 million. The top industries for deals were eCommerce, media, fintech, and edtech. While the number of deals grew, more exits, larger late-stage rounds, and more overseas investors were wished for in 2016.

1. Vietnam Startups
Funding 2015
Deals Doubled Over 2014
2015 Report
Information compiled by

2. 17.5
35
52.5
70
2011 2012 2013 2014 2015
67
282524
10
number of investments
Wishlist for 2016:
- more exits & more Vietnamese angels
- more round C,D+, $10-30M+ each
- more serious investors from oversea
Doubled the number of deal in 2015
Notes:
- 67 deals
- 4+ series C
- 5 acquisitions
- 1 big series A (8 digit)
- 48% angel/seed deal come from oversea investors
- Top 4 industries:
eCommerce, Media, Fintech, Edtech
number of deals grew despite
pessimism, 67 startup
investments in 2015
* 67 deals found through data gathered from information with trusted sources, both announced and un-disclosed. There could possibly be more

3. what happen for 2015:
- more round C, $10M+ each
- more seed funding from oversea
- more angel came
0
17.5
35
52.5
70
2011 2012 2013 2014 2015
67
282524
10
number of investment
Investee Investor (Lead) Round Deal size
Foody Tiger Global Management Series C
Mobivi’s iCare Unitus Impact Series C $20M+ (undisclosed)
Coc Coc Hubert Burda Series C $14M
Huy Vietnam Templeton Series C $15M
* there’s some more series C but undisclosed
4 Deals Series C

4. 6 Acquisitions
Investee Investor Round
Misfit Fossil Group Acquisition ($260M)
Foodpanda Vietnammm Acquisition
Tappy Weeby.co Acquisition
CleverAds Corp. Yello Mobile Acquisition
Websosanh Yello Mobile Acquisition
HDViet Galaxy Acquisition (undisclosed)
6 Acquisitions
0
17.5
35
52.5
70
2011 2012 2013 2014 2015
67
282524
10
number of investment

5. 0
17.5
35
52.5
70
2011 2012 2013 2014 2015
67
282524
10
number of investment
Deals by Industry
Top 4 industries: eCommerce, Media, Fintech, Edtech

6. Accelerators
Seed
Venture Capital Funds
Government
Events
Co-Working Space
Community & Media
Corporate Buyers
Series A and Series B
Corporate
created byVIETNAM STARTUP ECOSYSTEM V2.1

7. About Topica Founder Institute
Topica Founder Institute (TFI) is the only
accelerator in Vietnam that have startups raised
$10M+, combined valuation over $60M. TFI
started since 2011, with the mission of build up
the startup scene and helping founders. Here is
some statistic about TFI so far (Jan/2016):
- 4 batches since 2011
- 121 enrolled founders
- 34 graduates
- 64.71% still operating
- 38.24% got funded
- $10M+ raised
- $60M+ valuation for top 8 startups

8. Doubled the number of deals in 2015
Number of deals have
increased despite
pessimism, 67 startup
investments in 2015
0
17.5
35
52.5
70
2011 2012 2013 2014 2015
67
282524
10
The list contains both disclosed and non-disclosed investment deals that took place in
2015. We do not guarantee accuracy of the information for non-disclosed deals,
please use it at your discretion.
If you have any questions or a request pertaining to the list, please contact us at:
1. Quang Mai Duy - quang.mai@founderinstitute.net
2. Cong Tran Manh -congtm@topica.edu.vn
3. Bobby Liu - bobbyliu@topica.asia
Special thanks to our colleagues at Topica Founder Institute, and our friends,
Anh-Minh Do, Dung Phan, Duc Tran Huu, Ngan Sau,who helped collect, research
and verify the information.