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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. Tran did not disclose details about how much Ascend plans to raise for its first fund. Along with Eddie Thai, the co-founder of social-media startup Klout Inc. oversees 500 Startups’ $14 million Vietnam fund, which seeks to capitalize on the increasing digitalization of the fast-growing economy. Tran relocated to the country about a year ago from the Bay Area to join Thai, who has been in Vietnam for nine years.

Han iRepublic ofBinh tranKlout incAscend vietnam venturesSouth east asianEddie thaiBay areaVietnam ventureஹான் நான்குடியரசு ஆஃப்பின் டிரான்தெற்கு கிழக்கு ஆசியஎட்டி தாய்வளைகுடா பரப்பளவு