Funding freeze thaws tech startup ambitions – Talk Vietnam talkvietnam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from talkvietnam.com Daily Mail and Mail on Sunday newspapers.
A record of over 1.3 billion USD was poured into Vietnamese startups in 2021 despite the complicated developments of the COVID-19 pandemic, helping the country rank third in the group of the most dynamic innovative startup ecosystems in Southeast Asia, only after Indonesia and Singapore, statistics show.
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12/05/2021 14:25 GMT+7
Vietnam’s freeze dried sugar-cane juice patented in US
Vietnam’s dried sugar-cane juice patented in US
Vietnam’s Vinamit Joint Stock Company has announced that its sugar-cane juice and freeze dried sugarcane juice has just been patented by the United States Patent and Trademark Office (USPTO) in the US market.
Over the past two months, the patents were sent back to Vietnam, recognising Vinamit as the inventor of a series of lyophilized beverages made from domestic vegetables and fruits. Sugar-cane juice and freeze dried sugar-cane juice are the newest of these.
Startups attracting funds with M&A 12:44 | 11/05/2021
Startups attracting funds with M&A
In the first three months of 2021, there were 16 deals involving Vietnamese startups compared to 20 deals in 2020 and 30 deals in 2019. Although the number of deals decreased, the total value of the deals (excluding undisclosed funding amounts) reached $150 million, up 34 per cent against last yearâs period, according to the latest report by Nextrans Venture Capital Fund.
The report pointed out that seed and Series A remain dominant in the given period, accounting for 70 per cent of deal count. Fintech captured the most attention of investors with four deals.
Investors also focused on key sectors such as logistics, services, property, edtech, and medtech. Some notable deals include $2.6 million in pre-Series A funding for Dat Bike, and $6 million for Got It from VNG as well as $15 million for Duong Minh Logistics.