Smilegate's corporate VC firm will launch the firm as a successor to its Kairo Fund, which has invested in four Vietnam-based startups.
Smilegate Investment, the corporate venturing subsidiary of South Korea-based video game producer Smilegate, intends to launch a second Vietnam-focused fund later this year, DealStreetAsia reported yesterday.
Founded in 1999, Smilegate Investment claims to have backed some 400 companies through a total of about 50 funds.
One of those funds, Kairo Capital, is targeted at Vietnamese startups and has revealed investments in mobile commerce platform Lozi and sales management software provider Sapo, though it told DealStreetAsia it has also backed…
