HANOI, May 29 (Bloomberg): Ascend Vietnam Ventures, a new venture firm started by two 500 Startups partners, plans to invest in 25 companies in the South-East Asian country.
The early-stage investments will range from US$500,000 to $2 million for tech startups in sectors including finance, education, health care, productivity and future of work over three years, said co-founder Binh Tran. About a third of the startups will receive follow-up investments of $4 million each, he said.
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