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Velocity Ventures Vietnam is a venture capital firm that specializes in early-stage investments, particularly in the travel and hospitality technology sectors. Founded as the first home-grown venture capital firm in Vietnam, it operates from its headquarters in Singapore, strategically positioned to cover the broader Southeast Asian market. The firm has approximately $20 million in assets under management (AUM) and focuses on Seed to Series A funding rounds.
The firm has made significant strides in supporting innovative startups that are transforming the travel experience through technology. Velocity Ventures has a diverse portfolio of 11 companies, reflecting its commitment to the travel and hospitality technology landscape. The firm is recognized for its proactive approach, actively engaging with its portfolio companies to foster growth and innovation.
Velocity Ventures Vietnam primarily invests in Seed to Series A stage companies within the travel and hospitality technology sectors. This includes a wide range of areas such as travel services, transportation, accommodation, experiences, and food & beverage. The firm aims to leverage its expertise and network to support the growth of these startups in a rapidly evolving market.
Investments are concentrated in Southeast Asia, including markets like Vietnam, Singapore, Indonesia, Thailand, the Philippines, and extending to Hong Kong, Japan, Australia, South Korea, and India. The firm seeks to identify and support innovative startups that can disrupt traditional travel and hospitality models, providing them with strategic guidance and access to a broad network of industry contacts.
Velocity Ventures has invested in a diverse array of companies within the travel and hospitality technology sectors. Notable portfolio companies include:
In total, the firm has invested in 11 companies, showcasing its commitment to the travel and hospitality technology landscape. The portfolio reflects a strategic focus on innovative solutions that enhance the travel experience.
Jonathan Cocks: Partner at Velocity Ventures Vietnam, Jonathan has a background in venture capital and has been involved in notable deals, including the investment in Joyned. His expertise lies in identifying promising startups within the travel and hospitality sectors.
To pitch Velocity Ventures Vietnam, founders should prepare a comprehensive pitch deck that includes key information about their business model, market opportunity, and growth strategy. While specific submission channels are not disclosed, leveraging professional networks for introductions may be beneficial. Founders should expect a response time that varies based on the firm's current deal flow, but proactive follow-ups are encouraged.
In recent activity, Velocity Ventures Vietnam invested in Joyned, a collaborative travel booking platform, which secured $8 million in Series A funding. The firm also supported ByHours in its efforts to expand into the Asian market. Additionally, Velocity Ventures launched a sector-specific COVID-19 recovery fund aimed at supporting travel and hospitality startups during challenging times.
Furthermore, the firm signed a memorandum of understanding (MOU) with the Korea Tourism Organisation to establish a Korean startup accelerator focused on travel and technology. These initiatives highlight Velocity Ventures' active role in fostering growth within the travel tech sector.
What are Velocity Ventures' investment criteria?
Velocity Ventures focuses on early-stage investments in the travel and hospitality technology sectors, specifically targeting Seed to Series A rounds. They look for innovative startups that can disrupt traditional models in travel services, transportation, accommodation, experiences, and food & beverage.
How can I pitch to Velocity Ventures?
Founders interested in pitching to Velocity Ventures should prepare a detailed pitch deck that outlines their business model, market opportunity, and growth strategy. While specific submission channels are not disclosed, reaching out through professional networks or industry events may facilitate introductions.
What makes Velocity Ventures different from other investors?
Velocity Ventures is recognized as a proactive investor, actively engaging with its portfolio companies to provide strategic guidance and support. Their focus on the travel and hospitality sectors, combined with their extensive network, positions them uniquely in the Southeast Asian market.
What is the geographic scope of Velocity Ventures?
The firm primarily invests in Southeast Asia, including Vietnam, Singapore, Indonesia, Thailand, and the Philippines, as well as extending its reach to markets like Hong Kong, Japan, Australia, South Korea, and India.
What is the typical check size for investments?
Velocity Ventures typically invests between $0 and $1 million in early-stage companies, aligning with their focus on Seed to Series A funding rounds.
What kind of support do portfolio companies receive?
Velocity Ventures provides strategic guidance, access to a broad network of industry contacts, and support in navigating the complexities of the travel and hospitality sectors, helping startups to scale effectively.
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