Quest Ventures continues commitment to Vietnam.
Venture capital firms have committed to invest $1.5 billion in Vietnam over the course of the next three years, the organisers of the Vietnam Venture Summit 2022 announced on Monday.
The 41 investors committing to the initiative include VC funds across multiple stages, geographies and corporate profiles.
This combined commitment represents a major increase from 2020 when 33 participating VCs committed over $815 million for the 2021-2025 period. At the inaugural event of the Vietnam Venture Summit in 2019, investors committed $425 million to support Vietnamese startups between 2019 and 2021.