Fundraising Fox

AVV

Venture capitaloperating company · company profile

Ho Chi Minh City · Pre-Seed–Series A · 8 people tracked

Find your way into AVV

6,314 people in our graph share verified history with the AVV team — schools, employers, funds. One of them is your warm intro.

Ryan Isonounlockedknows Balbir Bakhshi · together at Credit Suisse (overlapped)
×9knows the team · via Harvard University
knows the team · via Yale University
knows the team · via Ludwig-Maximilians-Universität München
Fox Verdict
Sign up to see your fit

Investment thesis

AVV is a seed-stage venture capital firm focused on Vietnam, investing since 2015. The firm has backed more than 100 companies, whose founders have raised $1.8B collectively, producing three unicorns from seed and 13 exits. AVV emphasizes hands-on founder support, including its SHINE initiatives that back female entrepreneurs. Its partners bring operating and investing experience across Silicon Valley and Asia, having previously built 500 Startups Vietnam and backed companies such as Turing, ELSA, ApplyBoard, Trusting Social, Axie Infinity, and Base. The firm advises founders on cross-border growth, AI-driven execution, and capital strategy.

Source: firm website, verified Sep 1, 2026.

Stage
Pre-Seed–Series A
Check
$250K – $2M
HQ
Ho Chi Minh City, VN
Leads rounds
Leads
Instruments
Equity
Founded
2015
Private fund assets
$84.4M
VC funds
2
Tracked investments
27

Team · 8 people

from the firm's website & curated & public directories

Founder mafia

2 people who came through AVV went on to found or lead other companies.

What they invest in

from 15 of 27 portfolio companies

Media & Entertainment ×8AI & Machine Learning ×4SaaS ×3Enterprise Software ×2Fintech ×2Marketing Tech ×2AgTech ×1B2B Marketplaces ×1

HQs:Vietnam×6United States×4Singapore×2United Kingdom×1

Who they back

founder profiles across 6 portfolio companies
67%
repeat founders
of 12 founders with career history

Where their founders studiedfrom 12 founders with education data

Stanford University ×2Yale University ×2

Where their founders worked beforefrom 12 founders with career history

Foundation Capital ×2Revcontent ×2Turing Enterprises ×2

Investments · 27 tracked

founders shown can be your intro path
approvedvietnam.vnin

Vietnam.vn is a Vietnamese-language digital platform that publishes official information about Vietnam, including news, culture, tourism, history, and foreign-affairs content, integrating social media and information databases.

Media & Entertainment

Atheros Communicationsqualcomm.cominacquired by Qualcomm

Wireless LAN chipsets (ATHR); acquired by Qualcomm in 2011.

San Diego, US

Co-investors33NICCP Venture PartnersMayfield FundNew Enterprise Associates (NEA)Qualcomm VenturesStorm Ventures+4 more

AVVavv.coin𝕏

AVV is a venture capital firm investing in early-stage startups in Vietnam since 2015, having backed 100+ companies including several unicorns.

Sector AgnosticHo Chi Minh City, VN

Binh(Co-founder & General Partner)inEddie(Co-founder & General Partner)in

AVVsbstck.com
Channel News Asiachannelnewsasia.comin𝕏

Channel NewsAsia is an English-language Asian news network founded by Mediacorp that reports on global developments from Asian perspectives.

Media & EntertainmentSingapore, SG

Co-investorsAVPN

Climate Hero Clubclimateheroclub.comin

Climate Hero Club maintains a directory that features people and companies working on climate and sustainability, and builds a community around them.

Climate TechImpact & Social GoodMedia & Entertainment

does not requirenishimura.com
LiVE Exchangein𝕏

KPMG is a multinational professional services firm providing audit, tax, and advisory services to businesses and organizations across various industries.

Enterprise Software

Co-investorsMoonfire VenturesSpinLab

Obelloobello.comin

Obello builds software that helps design and marketing teams produce creative output that stays consistent and on-brand across multiple channels and platforms.

AI & Machine LearningMarketing TechSaaS

Ben Pham(Co-founder)inOllie Ralph(Co-founder)in

Co-investorsBaukunstCapria VenturesObvious Ventures

Perplexityperplexity.aiMar 2023

An AI-powered answer engine providing accurate, trusted, and real-time answers to questions.

San Francisco, US

Andrew D. Konwinski(Executive Officer, Director)Dzianis Yarats(Director)Aravind Srinivas Lakshminarayanan(Director, Executive Officer)Aravind Srinivas(Co-founder & CEO)inDenis Yarats(Co-founder & CTO)

BoardPeter Sonsini(Director)

Co-investors359 Capital7BC Venture CapitalAccelAdvaita CapitalAIX VenturesArrington Capital+49 more

Powertradepower.trade

Jon M.(Founder)in

Co-investorsAGE CryptoCapria VenturesPantera Capital

Singaporesgx.com
Sky Mavisskymavis.comin𝕏

Sky Mavis builds blockchain games and related infrastructure, with Axie Infinity as its flagship product.

Crypto & Web3Gaming

Trung Nguyen(Founder & CEO)inAleksander Larsen(Founder)inJeffrey Zirlin(Founder)in

Co-investorsa16z cryptoAccelAndreessen HorowitzBackedCollab+CurrencyConsenSys Mesh+10 more

SuperReturn Emerging Marketsinformaconnect.comin𝕏

Informa Connect is a division of Informa that organizes conferences, training events, and professional services across specialist markets in over 30 countries.

EdTechEnterprise SoftwareMarketing TechMedia & EntertainmentSaaS

Matt Johnsonin

Co-investorsDragonX

Techcooptechcoop.vnin

TechCoop operates a validated supplier network for agricultural sourcing across Southeast Asia (ASEAN+), vetting producers on financial, physical, and delivery criteria and managing order execution, quality checks, and payments for buyers.

AgTechB2B MarketplacesLogistics & Supply Chain

Co-investorsAppWorks VenturesCapria VenturesTNBAura

Trusting Socialtrustingsocial.comin

Trusting Social builds Big Data credit scoring and risk-profiling technology for banks and financial institutions to reach unbanked and underbanked consumers.

AI & Machine LearningCybersecurityData & InfrastructureFintech

Dr. Nguyen Nguyen(Founder)inNguyen Nguyen(Chief Executive Officer, Founder)inTuyen Huynh(Chief Scientist & Chief Technology Officer, Co-Founder)inBharath Vasudevan(Chief Revenue Officer)inSaat Prihartono(Country Director Indonesia)inJohnny Escaler(Country Director Philippines)in

Co-investors500 GlobalCapria VenturesTanglin Venture PartnersSequoia Capital

Tuoi Tretuoitre.vn

Tuoi Tre is a Vietnamese online news publication covering topics such as business, finance, and current affairs.

Media & Entertainment

Turingturing.com

AGI infrastructure company solving the human intelligence bottleneck and empowering enterprises to harness generative AI.

AI & Machine LearningSilicon Valley, US

Jonathan Siddharth(Founder)inVijay Krishnan(Founder)in

Co-investorsAltaIR CapitalAmino CapitalAngel Collective Opportunity FundBrainstorm VenturesChapter OneFlucas Ventures+11 more

Turing

AI-powered tech outsourcing company connecting global software engineers with companies (unicorn).

Vauditvaudit.comin𝕏

Vaudit provides AI agents that continuously audit business spend across AI providers, ad platforms, and operational vendors, verifying charges, detecting billing violations, enforcing spend guardrails, and recovering overcharges.

AI & Machine LearningFintechSaaS

Co-investorsMucker Capital

Việt Nam Newsvietnamnews.vn

Việt Nam News is a major English-language daily newspaper published in Vietnam, providing coverage of domestic and international news across politics, economics, business, and social affairs.

Media & EntertainmentHanoi, VN

Vietnam AI Economy Report 2025nic.gov.vn
VietnamPlusvietnamplus.vn𝕏

VietnamPlus is the online news publication of the Vietnam News Agency, publishing Vietnamese-language articles on politics, diplomacy, health, economy, environment, and current affairs.

Media & Entertainment

VnEconomyvneconomy.vn𝕏

VnEconomy is a Vietnamese online news publication covering economics, finance, business, markets, and public policy in Vietnam.

Media & Entertainment

Exits · 1

IPOs and acquisitions across the tracked portfolio

Atheros Communicationsacq. by Qualcomm

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has AVV made?
AVV has 27 tracked investments, 1 of which have exited via acquisition or IPO.
What stage does AVV invest at?
AVV invests at the Pre-Seed, Seed, Series A stages.
What is AVV's typical check size?
AVV typically writes checks of $250K – $2M.
What sectors does AVV focus on?
AVV focuses on AgTech, AI & Machine Learning, Crypto & Web3, E-commerce, EdTech, Enterprise Software, Fintech, FoodTech, Gaming, SaaS, Sector Agnostic.
Where is AVV located?
AVV is headquartered in Ho Chi Minh City, VN.
Does AVV lead rounds?
Yes, AVV leads investment rounds.
Who does AVV co-invest with?
AVV most often shares deals with Capria Ventures, Accel, New Enterprise Associates (NEA), among 107 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Binh Tran, AVV (Ascend Vietnam Ventures): Building Boldly Across Borders

EUVC · Binh Tran

Images

AVV photoAVV photoAVV photoAVV photo

Co-investors · 43

Foundation Capital

Foundation Capital is an early-stage venture capital firm that commits to founders at the idea stage and maintains long-term relationships with portfolio companies through their growth journey.

$250K – $15M
Sequoia Capital

Sequoia Capital is a venture capital firm that partners with founders to build technology companies.

Both backed · 1
$4.4M – $214M
B Capital Group

B Capital is a global investment firm backing early to late-stage technology innovators across technology, healthcare, and energy & resilience sectors.

Both backed · 1
$10M – $50M
Plug and Play Ventures

Plug and Play is an innovation platform that connects corporations, governments, startups, investors, and universities to drive innovation.

Both backed · 1
$50K – $12M
AltaIR Capital

AltaIR Capital is an international venture investment company.

Both backed · 1
AIX Ventures

AIX Ventures is an AI-focused venture fund that backs founders building companies in artificial intelligence.

Both backed · 1
$1M – $5M
Mucker Capital

Mucker Capital is a venture capital firm that provides Seed and Series A capital and hands-on guidance to startups located outside Silicon Valley, across the United States, Canada, and beyond. It also runs MuckerLab, a pre-seed accelerator working with 20-25 companies per year.

Both backed · 1
$250K – $750K
Mindset Venture

Mindset Ventures is a venture capital firm that invests in and actively supports technology startups, providing capital as well as business development, strategy, and mentorship, with a notable focus on helping companies expand into markets such as Brazil.

Both backed · 1
$500K – $3M
Peak State Ventures

Peak State Ventures is a venture capital firm investing in the future of work, PropTech, and digital healthcare.

Both backed · 1
$100K – $15M
Brainstorm Ventures

Brainstorm Ventures is a small generalist venture capital firm that invests at the earliest stages in category-defining startups across North America.

Both backed · 1
Alumni Ventures

Alumni Ventures (AV) is a venture capital firm that co-invests alongside lead VCs in startups, backing founders with capital and access to a large investor and operator community.

$100K – $10M
31 more co-investors

Long Journey VenturesFJ LabsDST GlobalGoat CapitalUpHonest CapitalPioneerSignalFireLookout VenturesCanvas VenturesPICUS CAPITALGaingelsDnx VenturesBrand Foundry VenturesClimate CapitalBasis Set VenturesThink+ Ventures Management, LlcLCXFrontier Venture CapitalPrimitive VenturesArriveDarling VenturesFocalf7 VenturesLigature VCProof GroupUnchained Capital, Inc.GroWrkParcel BIdeas y CapitalKonvoy VenturesYamaha Motor Ventures

Firms observed investing alongside AVV, from public investor directories. Shared companies are the overlap with AVV's recorded portfolio.

Similar investors

Featured in lists