Ascend Vietnam Ventures

ActiveVenture Capital

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Updated: Jan 22, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Oct 1, 2025	SiC Systems	$3.0M Seed	—	Altair Capital Management, Alumni Ventures, Amino Capital, Array Ventures, B Capital Group, Brainstorm Ventures, Canvas Ventures, Chapter One Ventures, Climate Capital, Dreamers VC, f7 Ventures, Flex Capital, Foundation Capital, FreeSky Capital, Frontier Ventures, Gaingels, Ideas & Capital, Infinite Niches, LombardStreet Ventures, Long Journey Ventures, Mindset Ventures, Modern Venture Partners, Peak State Ventures, Plug & Play Ventures, Safar Partners, Sequoia Capital, UpHonest Capital, Virginia Venture Partners, Adam D'Angelo, Christopher Nguyen, Clark Landry, Eric Bunting, Faizan Khan (Unchained Capital), Gokul Rajaram, Jed Ng, Jeff Morris, Kintan Brahmbhatt, Marat Kichikov, Sahin Boydas, Scott Banister, Siqi Chen, Sue Xu
Sep 1, 2025	Evolve Platform	$1.0M Seed	—	Altair Capital Management, Alumni Ventures, Amino Capital, Array Ventures, B Capital Group, Brainstorm Ventures, Canvas Ventures, Chapter One Ventures, Climate Capital, Dreamers VC, f7 Ventures, Flex Capital, Foundation Capital, FreeSky Capital, Frontier Ventures, Gaingels, Ideas & Capital, Infinite Niches, LombardStreet Ventures, Long Journey Ventures, Mindset Ventures, Modern Venture Partners, Peak State Ventures, Plug & Play Ventures, Safar Partners, Sequoia Capital, UpHonest Capital, Virginia Venture Partners, Adam D'Angelo, Christopher Nguyen, Clark Landry, Eric Bunting, Faizan Khan (Unchained Capital), Gokul Rajaram, Jed Ng, Jeff Morris, Kintan Brahmbhatt, Marat Kichikov, Sahin Boydas, Scott Banister, Siqi Chen, Sue Xu
Jul 1, 2025	Helical Fusion	$16.0M Series A	—	Altair Capital Management, Alumni Ventures, Amino Capital, Array Ventures, B Capital Group, Brainstorm Ventures, Canvas Ventures, Chapter One Ventures, Climate Capital, Dreamers VC, f7 Ventures, Flex Capital, Foundation Capital, FreeSky Capital, Frontier Ventures, Gaingels, Ideas & Capital, Infinite Niches, LombardStreet Ventures, Long Journey Ventures, Mindset Ventures, Modern Venture Partners, Peak State Ventures, Plug & Play Ventures, Safar Partners, Sequoia Capital, UpHonest Capital, Virginia Venture Partners, Adam D'Angelo, Christopher Nguyen, Clark Landry, Eric Bunting, Faizan Khan (Unchained Capital), Gokul Rajaram, Jed Ng, Jeff Morris, Kintan Brahmbhatt, Marat Kichikov, Sahin Boydas, Scott Banister, Siqi Chen, Sue Xu
Jul 1, 2025	Vaudit (Formerly BlokID)	$7.0M Seed	—	Mucker Capital
Jun 1, 2025	Infinity Loop	$5.0M Seed	—	Glasswing Ventures
Dec 1, 2024	Techcoop	$28.0M Series A	—	Dragonfly Capital Partners, Ron Hose
Jul 1, 2024	Lhoopa	$20.0M Series B	—	Dragonfly Capital Partners
Jun 1, 2024	Olyzon	$3.0M Seed	—	20VC, 50 Partners, Alumni Ventures, Alven, Arrive, Broadhaven Capital Partners, CFV Ventures, Coatue, Cubit Investments Ltd, Lionheart Ventures, Mercato Partners, Pareto Holdings, Pioneer Fund, Redpoint Ventures, RTP Global, SeaX Ventures, #SecretFund, sequel, Spark Capital, Stellar Capital, Uncork Capital, Union Square Ventures, Antoine Martin, Calvin Chu, Christian Reber, Guy Podjarny, Martin Li, Nicolas Steegmann, Sahin Boydas
Apr 1, 2024	PVML	$8.0M Seed	—	Alven, FJ Labs, Goat Capital, Picus Capital
Jan 1, 2024	Vaudit (Formerly BlokID)	$1.0M Seed	—	Mucker Capital
Jan 1, 2024	Metatable.ai	$25K Seed	—	Altair Capital Management, Alumni Ventures, Amino Capital, Array Ventures, B Capital Group, Brainstorm Ventures, Canvas Ventures, Chapter One Ventures, Climate Capital, Dreamers VC, f7 Ventures, Flex Capital, Foundation Capital, FreeSky Capital, Frontier Ventures, Gaingels, Ideas & Capital, Infinite Niches, LombardStreet Ventures, Long Journey Ventures, Mindset Ventures, Modern Venture Partners, Peak State Ventures, Plug & Play Ventures, Safar Partners, Sequoia Capital, UpHonest Capital, Virginia Venture Partners, Adam D'Angelo, Christopher Nguyen, Clark Landry, Eric Bunting, Faizan Khan (Unchained Capital), Gokul Rajaram, Jed Ng, Jeff Morris, Kintan Brahmbhatt, Sahin Boydas, Scott Banister, Siqi Chen, Sue Xu
Nov 1, 2023	Augment	$6.0M Seed	—	20VC, Afore Capital, Autotech Ventures, BILL, Browder Capital, Countdown Capital, eFounders, Felix Capital, Fireside Ventures, Founders' Co-op, Founders Fund, Kima Ventures, Leap Forward Ventures, Matrix, Motier Ventures, Pareto Holdings, Point Nine Capital, Seven Seven Six, The Hit Forge, Thirty Five Ventures, Yamaha Motor Ventures, Akin Babayigit, Alex Payne, Austin Walters, Cory Levy, Derrick Li, Dharmesh Shah, Maria Raga, Mario Götze, Nicolas Julia, Robin Sabban, Ryan Chan, Thibaud Elziere, Youcef Es-skouri
Oct 1, 2023	Frec	$26.0M Series A	—	Citi Ventures, DNX Ventures, Greylock, i/o Ventures, Ligature, Long Journey Ventures, OVO Fund, Think + Ventures, Union Square Ventures, Zero Capital, Zigg Capital, Alexandre Carel, Eric Ver Ploeg
Aug 1, 2023	Kombai	$5.0M Seed	—	Altair Capital Management, Alumni Ventures, Amino Capital, Array Ventures, B Capital Group, Brainstorm Ventures, Canvas Ventures, Chapter One Ventures, Climate Capital, Dreamers VC, f7 Ventures, Flex Capital, Foundation Capital, FreeSky Capital, Frontier Ventures, Gaingels, Ideas & Capital, Infinite Niches, LombardStreet Ventures, Long Journey Ventures, Mindset Ventures, Modern Venture Partners, Peak State Ventures, Plug & Play Ventures, Safar Partners, Sequoia Capital, UpHonest Capital, Virginia Venture Partners, Adam D'Angelo, Christopher Nguyen, Clark Landry, Eric Bunting, Faizan Khan (Unchained Capital), Gokul Rajaram, Jed Ng, Jeff Morris, Kintan Brahmbhatt, Marat Kichikov, Sahin Boydas, Scott Banister, Siqi Chen, Sue Xu
Jul 1, 2023	Unstructured Technologies	$25.0M Series A	—	20VC, Alumni Ventures, Alven, Arrive, Bain Capital Ventures, Broadhaven Capital Partners, CFV Ventures, Coatue, CRV, Cubit Investments Ltd, Insight Partners, Lionheart Ventures, Madrona Ventures, Mercato Partners, Glenn Solomon, Pareto Holdings, Pioneer Fund, Redpoint Ventures, RTP Global, Sapphire Ventures, SeaX Ventures, #SecretFund, sequel, SoftBank Investment Advisers, Spark Capital, Stellar Capital, Uncork Capital, Union Square Ventures, Antoine Martin, Calvin Chu, Christian Reber, Gokul Rajaram, Guy Podjarny, Martin Li, Nicolas Steegmann, Sahin Boydas, Simon Dawlat
Jun 1, 2023	Parabola	$24.0M Series B	—	Abstract Ventures, AirAngels, Alt Capital, Andreessen Horowitz, AngelPad, Audacious Ventures, Battery Ventures, B Capital Group, BILL, Connect Ventures, Craft Ventures, Era Ventures, First Round Capital, Founders' Co-op, Greylock, ICONIQ Capital, LGF, Lightspeed India Partners, Madrona Ventures, Matrix, Merus Capital, MKT1 Capital, mParticle, Norwest Venture Partners, Openview Venture Partners, Paradox Capital, Pareto Holdings, Pear VC, Sapphire Ventures, Stripe, The Hit Forge, Todd and Rahul's Angel Fund, Yamaha Motor Ventures, Y Combinator, Akshay Kothari, Alex Payne, Allison Pickens (Allison Pickens Ventures), Aston Motes, Austin Walters, Chris Murphy, Chris Schagen, Christian Reber, Cristina Cordova, Derrick Li, Dharmesh Shah, Emily Kramer, Eric Wu, Evan Moore, Gokul Rajaram, Immad Akhund, Jon Brelig, Mathilde Collin, Melissa Tan, Mike Hennessey, Mike Hudack, Ron Pragides, Roxanne Varza, Ryan Chan, Saran Chari, Scott Belsky, Stanley Tang, Thibaud Elziere, Tony Xu, Zack Kanter
Jun 1, 2023	Cerebry	$1.0M Seed	—	Seven Seven Six, Mark Cuban, Trevor Wright
May 1, 2023	OkayKer	$700K Seed	—	Altair Capital Management, Alumni Ventures, Amino Capital, Array Ventures, B Capital Group, Brainstorm Ventures, Canvas Ventures, Chapter One Ventures, Climate Capital, Dreamers VC, f7 Ventures, Flex Capital, Foundation Capital, FreeSky Capital, Frontier Ventures, Gaingels, Ideas & Capital, Infinite Niches, LombardStreet Ventures, Long Journey Ventures, Mindset Ventures, Modern Venture Partners, Peak State Ventures, Plug & Play Ventures, Safar Partners, Sequoia Capital, Unchained Capital, Inc., UpHonest Capital, Virginia Venture Partners, Adam D'Angelo, Christopher Nguyen, Clark Landry, Eric Bunting, Gokul Rajaram, Jed Ng, Jeff Morris, Kintan Brahmbhatt, Marat Kichikov, Sahin Boydas, Scott Banister, Siqi Chen, Sue Xu
May 1, 2023	Minoa	$3.0M Seed	—	468 Capital, AirAngels, Alt Capital, Arrive, Basis Set Ventures, Bond, Coatue, CRV, Ensemble VC, Khosla Ventures, Liquid 2 Ventures, Hans Tung, Outcast Ventures, Pear VC, Peterson Partners, Yousuf Khan, SciFi VC, Soma Capital, The General Partnership, Twin Ventures, Arash Ferdowsi, Bernard Arnault, Catherine Lu, Claire Hughes Johnson, Frederic Kerrest, Jenna Hannon, Neha Narkhede, Sahin Boydas, Theresa Johnson, Tony Xu
May 1, 2023	Yumari	$2.0M Seed	—	20VC, Active Capital, Alumni Ventures, Alven, Arrive, Broadhaven Capital Partners, CFV Ventures, Coatue, Cubit Investments Ltd, Jenny Fielding, Everywhere Ventures (The Fund), Lionheart Ventures, Mercato Partners, Pareto Holdings, Pioneer Fund, Redpoint Ventures, RTP Global, SeaX Ventures, #SecretFund, sequel, Spark Capital, Stellar Capital, Uncork Capital, Union Square Ventures, Antoine Martin, Calvin Chu, Christian Reber, Guy Podjarny, Martin Li, Nicolas Steegmann, Sahin Boydas, Simon Dawlat
Apr 1, 2023	PlayAI	$3.0M Seed	—	Adjacent, Amplify Partners, Array Ventures, BILL, Bond, CapitalX, Compound, Felicis Ventures, Founders' Co-op, Matrix, Race Capital, The Hit Forge, Yamaha Motor Ventures, Adam Gries, Alex Payne, Austin Walters, Derrick Li, Howie Liu, Lukas Biewald, Moshe Lifschitz, Roxanne Varza, Ryan Chan, Thibaud Elziere
Feb 1, 2023	Quell	$10.0M Series A	—	BILL, Cherubic Ventures, Founder Collective, Founders' Co-op, Heartcore Capital, Matrix, The Hit Forge, Yamaha Motor Ventures, Alex Payne, Austin Walters, Derrick Li, Dharmesh Shah, Elliott Cohen, Roxanne Varza, Ryan Chan, Steph Korey, Thibaud Elziere, TJ Parker
Feb 1, 2023	Svix	$8.0M Venture Round	—	10100, 20VC, Acadian Ventures, Accel, Alumni Ventures, Alven, Andreessen Horowitz, Arrive, Bedrock Capital, Bling Capital, BoxGroup, Broadhaven Capital Partners, Cambrian Ventures, CFV Ventures, Chemistry VC, Coatue, Connect Ventures, Contrary Capital, Conversion Capital, Cubit Investments Ltd, Emergence Capital, Aniq Kassam, HDC Ventures, Highland Capital Partners, Indeed.com, Kearny Jackson, KRM Interests LLC, Lionheart Ventures, Mercato Partners, MKT1 Capital, monashees, Next Play Ventures, Pareto Holdings, Pioneer Fund, Redpoint Ventures, RTP Global, S28 Capital, Salesforce Ventures, SeaX Ventures, #SecretFund, sequel, Sequoia Capital, Slack Fund, SNR, Spark Capital, Stellar Capital, Streamlined Ventures, SV Latam Fund, Sweater Ventures, Threshold Ventures, Tribe Capital, TY, Ulu Ventures, Uncork Capital, Union Square Ventures, Webb Investment Network, Y Combinator, Aaron Rankin (Sprout Social), Aaron Rosenson, Antoine Martin, Calvin Chu, Charlie Songhurst, Christian Reber, Emily Kramer, Eric Nadalin, Garrett Koehn, Gokul Rajaram, Grant Miller, Guy Podjarny, Martin Li, Nicolas Steegmann, Paul Forster, Ravi Grover, Ron Pragides, Sahin Boydas, Sam Altman, Simon Dawlat
Feb 1, 2023	Wiz	$300.0M Series D	—	Accel, Aglae Ventures, Alt Capital, Andreessen Horowitz, AngelList Syndicator, Arrive, Basis Set Ventures, Bessemer Venture Partners, Bond, Coatue, CRV, Cyberstarts VC, Double Prime LLP, Earlybird Venture Capital, Ethereal Ventures, Greenoaks Capital, Index Ventures, Insight Partners, Khosla Ventures, Lightspeed Venture Partners, Liquid 2 Ventures, Muchmore Ventures, Hans Tung, Openview Venture Partners, Outcast Ventures, Peterson Partners, QED Investors, Salesforce Ventures, SciFi VC, Sequoia Capital, SoftBank Investment Advisers, Soma Capital, Vertex Ventures Israel, Adam Neumann, Ameet Patel, Arash Ferdowsi, Bernard Arnault, Claire Hughes Johnson, Frederic Kerrest, Guy Podjarny, Jenna Hannon, Mathilde Collin, Michael Fey, Nedelcho Spasov, Sahin Boydas, Sam Altman, Stanimir Vassilev, Svetozar Georgiev, Theresa Johnson, Tony Xu
Jan 1, 2023	Jetpack	$10.0M Seed	—	Alt Capital, Arrive, Basis Set Ventures, Bessemer Venture Partners, Bond, Coatue, Comcast Ventures, CRV, GV, Khosla Ventures, Liquid 2 Ventures, Hans Tung, Outcast Ventures, Peterson Partners, SciFi VC, Soma Capital, Y Combinator, Arash Ferdowsi, Bernard Arnault, Claire Hughes Johnson, Frederic Kerrest, Jenna Hannon, Mathilde Collin, Sahin Boydas, Theresa Johnson, Tony Xu

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Ascend Vietnam Ventures.

Philipp von dem Knesebeck

Member of LP Advisory Board

Leadership Team

Key people at Ascend Vietnam Ventures.

Philipp von dem Knesebeck

Member of LP Advisory Board

Deep Dive

High-Level Overview

Ascend Vietnam Ventures (AVV) is an early-stage venture capital firm based in Ho Chi Minh City, Vietnam, focused on investing in technology-enabled startups across Southeast Asia. Their mission is to support bold founders in building iconic companies that transform lives in the region. AVV invests primarily in sectors such as FinTech, eCommerce, logistics, healthcare, education, media, and emerging technologies like AI, SaaS, Web3, and cybersecurity. They emphasize social impact alongside financial returns, providing not only capital (typically $500K to $2M per investment) but also strategic guidance and hands-on mentorship to help startups scale and succeed in competitive markets[1][2][3][7].

Origin Story

Founded in 2021, Ascend Vietnam Ventures evolved from a team with deep roots in Vietnam’s startup ecosystem, including co-founders and partners who previously led 500 Startups Vietnam. Key partners include Binh Tran, Eddie (last name not specified), and Hau, who bring extensive experience in tech, venture capital, and founder support. Their backgrounds include founding and leading successful startups and investments in unicorns such as Turing (AI infrastructure), ELSA (edtech), and Axie Infinity (web3 gaming). AVV’s focus has grown to include a broad range of sectors and a commitment to supporting underrepresented founders, reflecting their operational VC approach that combines capital with active involvement[3][7].

Core Differentiators

Unique Investment Model: AVV invests early-stage with a focus on Vietnam-based founders and companies addressing emerging Asia or global problems, often leading rounds from idea stage to early revenue[3][6].
Network Strength: The team’s extensive experience and connections in Southeast Asia’s tech ecosystem, including prior leadership at 500 Startups Vietnam, provide strong deal flow and founder support[7].
Track Record: Since 2015 (including predecessor activities), AVV and its team have backed over 100 startups, helping raise $1.8 billion collectively, with three unicorns emerging from their seed investments[7].
Operating Support: AVV offers hands-on strategic guidance, mentorship, and operational support beyond capital, assisting founders in areas such as growth, hiring, and scaling[1][3][7].

Role in the Broader Tech Landscape

AVV rides the wave of Southeast Asia’s rapid digital transformation, particularly Vietnam’s burgeoning startup ecosystem. The timing is critical as the region experiences accelerated adoption of AI, fintech, SaaS, and digital services driven by a growing middle class and SME sector. Market forces such as increasing internet penetration, government support for innovation, and rising venture capital interest favor AVV’s investment thesis. By focusing on early-stage startups with scalable tech solutions, AVV influences the ecosystem by nurturing companies that address both local and global challenges, helping position Vietnam as a key innovation hub in Asia[1][2][3][6][7].

Quick Take & Future Outlook

Looking ahead, Ascend Vietnam Ventures is poised to continue expanding its portfolio with a strong emphasis on AI-driven startups and software solutions for traditional sectors like logistics, manufacturing, and accounting. Their planned deployment of $6 million across six startups in the near term signals aggressive growth and confidence in Vietnam’s tech scene. Trends such as agentic AI infrastructure, cybersecurity, and enterprise SaaS will likely shape their investment focus. As AVV deepens its operational support and leverages its network, its influence is expected to grow, potentially producing more unicorns and driving Southeast Asia’s emergence as a global tech powerhouse[2][3][7].

In sum, Ascend Vietnam Ventures stands out as a leading early-stage VC in Vietnam, combining capital, expertise, and a mission-driven approach to empower founders and accelerate Southeast Asia’s digital future.

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: AVV invests early-stage with a focus on Vietnam-based founders and companies addressing emerging Asia or global problems, often leading rounds from idea stage to early revenue[3][6].
Network Strength: The team’s extensive experience and connections in Southeast Asia’s tech ecosystem, including prior leadership at 500 Startups Vietnam, provide strong deal flow and founder support[7].
Track Record: Since 2015 (including predecessor activities), AVV and its team have backed over 100 startups, helping raise $1.8 billion collectively, with three unicorns emerging from their seed investments[7].
Operating Support: AVV offers hands-on strategic guidance, mentorship, and operational support beyond capital, assisting founders in areas such as growth, hiring, and scaling[1][3][7].