Ansible Ventures was established by Valerie Van Vu, a former Venturra Vietnam head of investments, in collaboration with Alto Partners.
With a focus on Vietnam, the startup company has raised US $8 million for the first closing of its first fund. This money will be utilized to invest in 15 pre-seed and seed-stage firms. According to Vu, she intends to shutter the fund at $15 million.
One of the most active seed investors in Vietnam’s IT sector is Vu, the company’s founding partner. She oversaw early investments for several Vietnamese firms when she was at Venturra, most notably Nano Technologies, Med247, Marathon, Mio, and Infina.
Vu revealed that she had been thinking about starting her own fund for almost a year.
“I think not many local funds want to go this much early when the startup sometimes is still just an idea. On the other hand, I saw that the quality of the new startup founders has reached the inflection point,” she told as per reports.
In order to learn more about how to create her own fund, she started contacting her mentor and various industry professionals. She also started to get attention from possible investors, including Alto Partners and Saison Capital.
Trung Nguyen, co-founder of Axie Infinity, Saison Capital, KK39 Ventures, Black Kite Capital, and top executives from VinFast, Uber, and Gojek are a few of her limited partners for this fund.
Even when they haven’t yet constructed the product, according to Vu, she frequently contacts would-be creators. “I build a relationship with them by helping in brainstorming the idea and sharing insights about fundraising,” she said.
Ansible Ventures has led investments in three startups to date: direct-to-consumer beauty brand Zitore, digital payments service provider CashGrow, and professional network Curieous. Ansible Ventures seeks to invest across all industries but is particularly interested in consumer internet, software for SMEs, and Web3 apps.
Vietnam’s digital economy, with a projected gross merchandise value (GMV) of $200 billion by 2030, is one that Ansible Ventures is attempting to penetrate. In the process, it will surpass Thailand in GMV and will then be the second-largest nation in the region, just behind Indonesia.
