TLDR:
– Singapore venture capital funds remain active investors in Vietnam, covering a wide range of sectors from renewable energy to electric vehicles.
– Clime Capital and Wavemaker Partners are two Singapore-based VC firms actively investing in Vietnamese startups.
Singapore venture capital funds are making significant investments in Vietnam, particularly in the clean energy sector. Clime Capital, a Singapore-based VC and private equity firm, recently injected $10 million into Nami Distributed Energy, a clean energy company in Vietnam. The investment is part of Clime Capital’s strategy to support the growth of Nami and contribute to the country’s clean energy infrastructure development. Mason Wallick, the founder and CEO of Clime Capital, expressed optimism about Vietnam’s potential in clean energy due to its natural resources and growing economy.
Another notable player in the Singapore venture capital scene, Wavemaker Partners, has also been actively investing in Vietnam. The firm recently invested $1 million in CNV, a digital marketing solutions provider. With multiple active companies in its portfolio from Vietnam, Wavemaker Partners views Vietnam as a key market in Southeast Asia for future investments. Despite a decrease in VC funding across Vietnam’s startup landscape, Singaporean funds, including Clime Capital and Wavemaker Partners, continue to see potential in Vietnamese startups and are committed to supporting the country’s dynamic ecosystem.
Overall, Singapore’s venture capital funds are diversifying their investments in Vietnam, spanning various sectors and demonstrating a long-term commitment to the country’s startup ecosystem. Despite challenges in funding, the strong partnership between Singapore and Vietnam continues to drive innovation and growth in the region.
