Monday, December 5 2016

VietNamNews

FPT fund provides capital to start-ups

Update: April, 09/2016 - 11:12

HA NOI  — FPT Ventures has disbursed more than US$1 million for start-up projects in the last year.

Some of the projects have seen initial success, such as CyRadar, which provides cyber-security solutions for businesses and was ranked among the top 10 in Echelon Thailand’s Startup Launchpad 2015.

FPT has been Viet Nam’s leading player in launching and supporting startups and boasts several success stories, including e-commerce site Sendo.vn; advertising platform Ants.vn; streaming service FPT Play; music portal Nhacso.netGostudybooking.com, an information website for people searching for study-abroad opportunities; and household service viecnha.vn.

FPT Ventures made its debut in May 2015. The fund will focus on startups valued at under $1 million and that focus on technologies related to the Internet, mobiles, small and midsized businesses and health, as well as education and traffic.

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