E-commerce group NextTech has put $10m into a corporate venturing fund that will make investments in Vietnam's tech startup ecosystem.
Vietnam-based e-commerce holding company NextTech Group of Technopreneurs has formed a $10m fund targeting early-stage technology developers in its home market, DealStreetAsia reported yesterday.
Founded in 2001, NextTech has at least 12 businesses spanning e-commerce as well as financial technology, logistics and education. It has subsidiaries active in Vietnam, the US and five additional markets in Southeast Asia.
Next100 is concentrating on startups looking to leverage technology or digitisation to improve productivity in traditional industries.
The vehicle equips seed-stage businesses…
