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# Ascend Vietnam Ventures raises above $50 million target for early-stage investments
- URL: https://www.techloy.com/ascend-vietnam-ventures-raises-above-50-million-target-for-early-stage-investments/
- Published: 2022-06-29T11:12:02.000Z
- Updated: 2022-12-08T02:02:16.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Money, Tech in Vietnam

Vietnamese venture capital firm, [Ascend Vietnam Ventures](https://ascendvietnam.com/) has announced that it has exceeded its $50 million fund target for early-stage investments in impact-making tech startups.

- The fund will be deployed to startups in Vietnam with up $2 million in seed funding in 25 startups and up to $5 million in follow-on checks.
- AVV was co-founded by Binh Tran and Eddie Thai and has been investing in Vietnam since 2015, with a portfolio including Axie Infinity, the unicorn NFT gaming, ELSA, AI-driven edtech, and Trusting Social, focusing on fintech.
- The new fund will target startups across edtech, financial inclusion, and the future of work among others.