Check out @Tracxn's latest #GeoMonthlyReport on #Tech https://tracxn.com/platform/file-manager/file/ZmlsZUlkPThHOHU3aEdZY0tVcDJLRkJEeVlJOTB2T0NncG9zTU1TNUFQUHZlLW96djA%3D For more #free #Monthly #StartupReports on geography of your interest, subscribe here: https://rb.gy/3yuosu

1. TRACXN MONTHLY REPORT
APRIL 2023
VIETNAM TECH

2. Vietnam Tech - April 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
2
Vietnam Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 6
Top Funded Business Models - last 1 year 7
Acquisitions 8
Recent News 9

3. Vietnam Tech - April 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech Snapshot – April 2023
Vietnam Tech: Snapshot – April 2023
Note : "Investors" refers to "Institutional Investors" only
3
$4.0M
1
Overall Geo Stats
7
3
12
3
6
Funding Rounds $ Invested Analyst Picks
Sendo!@#
New Investors
GOSU Online Corp
IFC
Series A+ rounds Active Investors IPOs Acquisitions
Duelist King
CrewFire
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Ho Chi Minh City
(3 Rounds, -)
Hanoi
(2 Rounds, $4M)
Binh Thanh
(2 Rounds, $4M)
$3M - Seed
Selex (2018, Hanoi, $5.1M)
$1M - Seed
Prep (2020, Hanoi, $2M)
- Seed
Opla CRM (2020, Ho Chi Minh City, )
- Series B
Entobel (2013, Ho Chi Minh City, $31.1M)
East Ventures
(1 Investments)
IFC
(1 Investments)
Asian Development Bank
(1 Investments)
Gakken
(1 Investments)
Electric Vehicles
Selex
Energy Storage Tech
Test Preparation Tech
Prep
Market Size
Companies Covered 4,281
Funded Companies 498
Total Funding $3.7B
Funding in last 12 months $339M
Top Exits
IPOs 2
Acquisitions 43
Company Stage
Unicorns 7
Soonicorns 6
Minicorns 33
Editor Picks 280
Series A+ 108
Series C+ 15
Acqui-Hires 1
Deadpooled 554
Top Cities
Ho Chi Minh City (245 Rounds, $1.8B)
Hanoi (162 Rounds, $1.5B)
Top Investors
CyberAgent Capital (15 Investments)
CyberAgent Ventures (10
Investments)

4. Vietnam Tech - April 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Vietnam Tech as of April 2023
Vietnam Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (April 2023)*
Selex
(2018, Hanoi, $5.1M)
$3.0M - Seed Asian Development Bank
Prep
(2020, Hanoi, $2.0M)
$1.0M - Seed Cercano Management
*Shows only the lead Investors

5. Vietnam Tech - April 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Vietnam Tech in April 2023
Vietnam Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
EARLY STAGE
Series B
Entobel (2013, Ho Chi Minh City, $31.1M)
Insect-based protein production and marketing as
animal feed and organic fertilizer
IFC
SEED STAGE
$1.0M - Seed
Prep (2020, Hanoi, $2.0M)
Online tutoring platform to crack English entrance
exams
Cercano Management, East Ventures
$3.0M - Seed
Selex (2018, Hanoi, $5.1M)
Provider of battery swapping station and electric two-
wheelers
ElectriFI, sopoong, Touchstone Partners, Asian
Development Bank, Schneider Electric
Seed
DTP Education (2003, Ho Chi Minh City)
Online platform offering educational learning materials
and digital resources
Gakken
SEED STAGE
Seed
Dicamon (2018, Binh Thanh)
Online platform offering multi-disciplinary learning
solutions for school curriculum
ThinkZone, TNB Aura
Seed
Opla CRM (2020, Ho Chi Minh City)
Application based platform offering CRM solutions for
enterprises
GOSU Online Corp

6. Vietnam Tech - April 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
New Investors
List of New Investors in Vietnam Tech in April 2023
Vietnam Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
GOSU Online Corp
1 portfolio companies | GOSU Online Corporation | Ground-Open-Stabilization-
Unity
Opla CRM
Application based platform offering CRM solutions for enterprises
Undisclosed Seed
IFC
564 portfolio companies | Government agency focused on the private sector
development investments
Entobel
Insect-based protein production and marketing as animal feed and
organic fertilizer
Undisclosed Series B
ElectriFI
17 portfolio companies | Provider of financial services for solar energy projects
Selex
Provider of battery swapping station and electric two-wheelers
$3.00M Seed
Schneider Electric
50 portfolio companies | Provider of solutions for electric equipment and energy
efficiency
Selex
Provider of battery swapping station and electric two-wheelers
$3.00M Seed
Gakken
2 portfolio companies | Offers learning courses in various streams
DTP Education
Online platform offering educational learning materials and digital
resources
Undisclosed Seed
Cercano Management
22 portfolio companies | Limited information available
Prep
Online tutoring platform to crack English entrance exams
$1.00M Seed
sopoong
2 portfolio companies | sopoong-global
Selex
Provider of battery swapping station and electric two-wheelers
$3.00M Seed

7. Vietnam Tech - April 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
7
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Brand E-Commerce Enabler $85.0M 2 OnPoint | $50.0M | Series B
2 -- E-Commerce Software $85.0M 2 OnPoint | $50.0M | Series B
3 ▲17 Pharmacy Procurement Software $51.5M 1 Thuocsi | $51.5M | Series B
4 ▲7 Mutual Fund Investment Platforms $25.0M 1 Finhay | $25.0M | Series B
5 ▲34 Native English Speaking Tutors $22.0M 2 Edupia | $14.0M | Series A
6 ▲20 On-Demand Pay $11.5M 2 VUIAPP | $6.4M | Seed
7 ▲20 On Demand Payroll $11.5M 2 VUIAPP | $6.4M | Seed
8 ▲4 Healthcare Booking Platforms $8.5M 1 Medici | $8.5M | Series A
9 ▲15 Electric Motorcycle Manufacturers $8.0M 1 Dat Bike | $8.0M | Series B
10 ▲21 Employee Healthcare Benefits Management $6.4M 1 VUIAPP | $6.4M | Seed

8. Vietnam Tech - April 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Vietnam Tech in April 2023
Vietnam Tech: Acquisitions
8
Acq. Date Company Acquirer Deal Size
01 Apr 2023
Duelist King(2021, Ho Chi Minh City, $1.0M)
Developer of PC and console-based NFT card games
Orisis LLC
10 Apr 2023
CrewFire(2015, Ho Chi Minh City)
Influencer marketplace for brands and micro-influencers
BrandChamp
13 Apr 2023
VLeisure(2011, Ho Chi Minh City)
SaaS-driven GDS for hotels & others travel services
Nusatrip

9. Vietnam Tech - April 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Vietnam Tech in April 2023
Vietnam Tech:News
9
Exit News
.
● Society Pass Inc. (Nasdaq: SOPA)'s Travel Platform, NusaTrip, Acquires
Vietnam's VLeisure, Marks its First Acq... ACN Newswire
.
● BrandChamp Acquires Ambassador Marketing Software CrewFireBrandChamp
.
● Fram acquires Vietnam arm of CarmudiGlobal Corporate Venturing
.
People News
.
● Nium Continues to Strengthen Leadership Team with Appointment of Anupam
Pahuja to EVP and General Manager of A... PR Newswire

10. Vietnam Tech - April 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Explore more on Tracxn
Explore more about Vietnam Tech on Tracxn Platform
Vietnam Tech: Explore more on Tracxn Platform
10
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Vietnam
AI Companies in Vietnam
Fintech Companies Vietnam
Consumer Digital in Vietnam
Company Due Diligence
Detailed profile of VNPAY
Competitors of VNLIFE
Cap Tables of Tiki
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

11. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Private Limited including but not limited to the
information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the
Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any
other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations
or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information.
For further information please refer to our Terms of Use at www.tracxn.com