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AVV Ascend Vietnam Ventures

avv.co

AVV focuses on early-stage startups in Vietnam and Southeast Asia, typically investing $250,000 to $2 million from idea stage to early traction, with particular emphasis on backing bold founders who dare to climb from first steps to bold heights.

Check Size

$250K - $2M

Stages

Seed, Series A

Focus Areas

Ai Ml, Enterprise Saas, Edtech

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Investment Thesis

AVV is an early-stage venture capital firm rooted in Vietnam with a hands-on, pragmatic, founder-first investment approach. They combine deep local expertise with global credibility, backing ambitious founders early while helping them win in competitive markets and scale sustainably across Southeast Asia and beyond. Their philosophy is shaped by proven operational DNA—the team has founded, scaled, and successfully exited companies in both Silicon Valley and Vietnam.

What Sets Them Apart

  • Only VC team in Vietnam that has backed multiple unicorns from seed (3 unicorns: Turing, ApplyBoard, Sky Mavis)
  • Operator-turned-investors with 20+ shipped software products and successful exits (e.g., Klout acquired for $200M+)
  • Decade of investing experience in Vietnam since 2015 with 100+ companies backed and $1.8B raised by founders
  • Global network with Silicon Valley connections (backed by Kleiner Perkins partners) while maintaining on-the-ground presence in Vietnam
  • Hands-on support across product development, growth, fundraising, and company culture—far more than just capital
  • Commitment to founder support through programs like SHINE for female entrepreneurs
  • Long-term partnership approach: support founders through seed, scale, and long-term growth phases

Portfolio Highlights

Turing

Ai/Ml

ELSA

Edtech

Mudflap

Fintech

ApplyBoard

Edtech

Trusting Social

Fintech

Axie Infinity

Web3 Gaming

Sky Mavis

Web3 Gaming

Base

Enterprise Saas

+ 18 more companies in their portfolio

Investment Team

7 Partners at AVV Ascend Vietnam Ventures

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