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1. TRACXN TOP BUSINESS MODELS REPORT
June 20, 2023
VIETNAM TECH

2. Vietnam Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Vietnam Tech Funding Overview 3
Top Funded Business Models 4
One Pagers 7
Appendix 35
2

3. Vietnam Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Funding in last 1 year
3
Brands Tech $85.0M
Pharmacy IT $51.5M
K-12 EdTech $23.5M
Electric Vehicles $11.0M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Goodwater Capital
Touchstone Partners
Golden Gate Ventures
3
3
2
Early
Stage
Do Ventures
Jungle Ventures
ThinkZone
3
3
3
Late
Stage
TV Tokyo Holdings 1
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Thuocsi
(2018, Ho Chi Minh City)
$51.5M - Series B
OnPoint
(2017, Ho Chi Minh City)
$50.0M - Series B
OnPoint
(2017, Ho Chi Minh City)
$35.0M - Series B
Edupia
(2017, Hanoi)
$14.0M - Series A
Medici
(undefined, Hanoi)
$8.5M - Series A
Dat Bike
(2018, Thu Dau Mot)
$8.0M - Series B
Boxme
(2015, Hanoi)
$6.4M - Series A
VUIAPP
(2020, Hanoi)
$6.4M - Seed
Marathon Education
(2021, Ho Chi Minh City)
$5.1M - Seed
Gimo
(2019, Hanoi)
$5.1M - Series A
Fundiin
(2018, Ho Chi Minh City)
$5.0M - Series A
Anfin
(undefined, Ho Chi Minh City)
$4.8M - Seed
Ho Chi Minh City (73%)
Hanoi (24%)
Thu Dau Mot (3%)

4. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Vietnam Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1-- Brand E-Commerce Enabler $85.0M 2 OnPoint | $50.0M | Series B Link
2▲20 Pharmacy Supply Chain Management $51.5M 1 Thuocsi | $51.5M | Series B Link
3▲18 Online English Tutoring for Kids $14.0M 1 Edupia | $14.0M | Series A Link
4-- On Demand Payroll $11.5M 2 VUIAPP | $6.4M | Seed Link
5▲5 Healthcare Booking Platforms $8.5M 1 Medici | $8.5M | Series A Link
6▲18 Electric Motorcycle Manufacturers $8.0M 1 Dat Bike | $8.0M | Series B Link
7-- Own Fleet Delivery Services $6.4M 1 Boxme | $6.4M | Series A Link
8-- Online K-12 Tutoring $5.1M 1 Marathon Education | $5.1M | Seed Link
9-- Online POS Financing Marketplaces $5.0M 1 Fundiin | $5.0M | Series A Link
10-- Online Stock Brokers $4.8M 1 Anfin | $4.8M | Seed Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Vietnam Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11-- Recipe Discovery Platforms $4.5M 1 Cooky | $4.5M | Series A Link
12-- Construction Equiptments Marketplace $3.9M 1 RCE | $3.9M | Series A Link
13-- Electric 3 wheeler Cargo Manufacturers $3.0M 1 Selex | $3.0M | Seed Link
14-- Cryptocurrency Exchanges $2.5M 1 AshSwap | $2.5M | Seed Link
15-- Marketing Solutions for Insurance Agents $2.5M 1 MFast | $2.5M | Series A Link
16-- K-12 Student Assessment Tools $2.4M 1 Azota | $2.4M | Seed Link
17-- Internet First Men Casual Apparel Brands $2.3M 1 CoolMate | $2.3M | Series A Link
18-- K-12 Online Academic Courses $2.0M 1 Vuihoc.vn | $2.0M | Seed Link
19-- Audiobook Platforms $1.8M 1 Fonos | $1.8M | Seed Link
20-- Job Matching Platforms $1.4M 1 JobHopin | $1.4M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Vietnam Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21-- B2B Grocery Marketplaces $1.0M 1 ODA | $1.0M | Seed Link
22-- Online Fashion Communities $450K 1 SSSmarket | $450K | Seed Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Vietnam Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Vietnam Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Brand E-Commerce Enabler - Vietnam
01
9
Back to index
Brands Tech (Ecomobi)
(# Cos: 4 | $93.0M)
ECommerce Software (OnPoint)
(# Cos: 2 | $93.0M)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$85.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$93.0M
1
-
2
1
OnPoint
(2017, Ho Chi Minh City, $93.0M)
ADVO
(2019, Ho Chi Minh City)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OnPoint (2017, Ho Chi Minh City)
$35.0M - Series B - Aug 2022
$50.0M - Series B - Jun 2022

10. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Pharmacy Supply Chain Management -
Vietnam
02
10
Back to index
Pharmacy IT (Medlink)
(# Cos: 8 | $63.6M)
Supply Chain Management (Thuocsi)
(# Cos: 1 | $63.5M)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$51.5M (▲472%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$63.5M
1
-
1
1
Thuocsi
(2018, Ho Chi Minh City, $63.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Thuocsi (2018, Ho Chi Minh City)
$51.5M - Series B - Feb 2023

11. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Online English Tutoring for Kids -
Vietnam
03
11
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$14.0M (▲40%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$27.5M
3
-
10
1
K-12 EdTech (Marathon Education)
(# Cos: 161 | $56.6M)
B2C Learning Solutions (Vuihoc.vn)
(# Cos: 99 | $36.6M)
Language Learning (Monkey Junior)
(# Cos: 28 | $27.5M)
English (DinoEnglish)
(# Cos: 26 | $27.5M)
Online Tutoring (Edupia)
(# Cos: 10 | $27.5M)
Edupia
(2017, Hanoi, $24.0M)
Future Lang
(undefined, Ha Dong)
KIDTOPI
(2018, Hanoi, $3.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Edupia (2017, Hanoi)
$14.0M - Series A - Sep 2022

12. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
On Demand Payroll - Vietnam
04
12
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$11.5M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$16.5M
2
-
2
1
Alternative Lending (OnCredit)
(# Cos: 65 | $26.8M)
Online Lenders (Fundiin)
(# Cos: 46 | $26.8M)
Consumer Loans (FE Credit)
(# Cos: 35 | $26.8M)
Payday Loans (Interloan)
(# Cos: 6 | $17.0M)
Through Employer (VUIAPP)
(# Cos: 5 | $17.0M)
On Demand Pay (Gimo)
(# Cos: 2 | $16.5M)
Gimo
(2019, Hanoi, $7.0M)
VUIAPP
(2020, Hanoi, $9.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
VUIAPP (2020, Hanoi)
$6.4M - Seed - Aug 2022
Gimo (2019, Hanoi)
$5.1M - Series A - Jan 2023

13. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Healthcare Booking Platforms - Vietnam
05
13
Back to index
Healthcare Booking Platforms (Medigo)
(# Cos: 80 | $48.4M)
Diversified (Medici)
(# Cos: 15 | $43.4M)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$8.5M (▼65.3%)
1(▼75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$43.4M
5
-
15
1
Medici
(undefined, Hanoi, $8.5M)
Med247
(2019, Hanoi, $4.5M)
Jio Health
(2011, Ho Chi Minh City, $30.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Medici (Hanoi)
$8.5M - Series A - Aug 2022

14. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Dat Bike (2018, Thu Dau Mot)
$8.0M - Series B - Nov 2022
Electric Motorcycle Manufacturers -
Vietnam
06
14
Back to index
Electric Vehicles (ChargeNow)
(# Cos: 6 | $21.6M)
Automaker (Selex)
(# Cos: 2 | $21.6M)
Motorcycles (Dat Bike)
(# Cos: 1 | $16.5M)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$8.0M (▲50.9%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$16.5M
1
-
1
1
Dat Bike
(2018, Thu Dau Mot, $16.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

15. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Own Fleet Delivery Services - Vietnam
07
15
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$6.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.4M
2
-
6
0
Logistics Tech (LOGIVAN)
(# Cos: 174 | $28.8M)
Ecommerce Logistics (Giaohangtietkiem.vn)
(# Cos: 75 | $6.4M)
End to End Delivery Services (Boxme)
(# Cos: 7 | $6.4M)
Own Fleet (GHN)
(# Cos: 6 | $6.4M)
GHN
(2012, Ho Chi Minh City)
Boxme
(2015, Hanoi, $6.4M)
Gido
(2017, Ho Chi Minh City)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Boxme (2015, Hanoi)
$6.4M - Series A - Aug 2022

16. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Online K-12 Tutoring - Vietnam
08
16
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$5.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.6M
1
-
4
0
K-12 EdTech (Edupia)
(# Cos: 161 | $56.6M)
B2C Learning Solutions (Vuihoc.vn)
(# Cos: 99 | $36.6M)
Diversified (AloWings)
(# Cos: 13 | $6.6M)
Online Tutoring (Marathon
Education)
(# Cos: 4 | $6.6M)
Marathon Education
(2021, Ho Chi Minh City, $6.6M)
TutorU
(2020, Ho Chi Minh City)
LHP E - Learning
(undefined, Hanoi)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Marathon E.. (2021, Ho Chi Minh City)
$5.1M - Seed - Oct 2022

17. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Online POS Financing Marketplaces -
Vietnam
09
17
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$5.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.8M
1
-
1
0
Alternative Lending (FE Credit)
(# Cos: 65 | $26.8M)
Online Lenders (VUIAPP)
(# Cos: 46 | $26.8M)
Consumer Loans (Gimo)
(# Cos: 35 | $26.8M)
Marketplace (Fundiin)
(# Cos: 1 | $6.8M)
Fundiin
(2018, Ho Chi Minh City, $6.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Fundiin (2018, Ho Chi Minh City)
$5.0M - Series A - Oct 2022

18. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Online Stock Brokers - Vietnam
10
18
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$4.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.6M
3
-
16
0
Investment Tech (Money Lover)
(# Cos: 100 | $34.1M)
Online Trading Platforms (Finhay)
(# Cos: 44 | $32.6M)
Stocks (Securities Joint Stock)
(# Cos: 22 | $6.6M)
Regular Trading (VNDIRECT)
(# Cos: 20 | $6.6M)
Brokers (Anfin)
(# Cos: 16 | $6.6M)
Anfin
(undefined, Ho Chi Minh City,
$6.6M)
VNDIRECT
(2006, Hanoi)
Securities Joint Stock
(1999, Ho Chi Minh City)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Anfin (Ho Chi Minh City)
$4.8M - Seed - Jun 2022

19. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Recipe Discovery Platforms - Vietnam
11
19
Back to index
Food Tech (Foody)
(# Cos: 82 | $10.0M)
Recipe Discovery (Cooky)
(# Cos: 14 | $5.5M)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$4.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.5M
1
-
14
0
Cooky
(2015, Ho Chi Minh City, $5.5M)
365 DELICIOUS Dishes E..
(2019, Tan Binh)
day nau an ngon
(2015, Ho Chi Minh City)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cooky (2015, Ho Chi Minh City)
$4.5M - Series A - Nov 2022

20. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
RCE (2020, Hanoi)
$3.9M - Series A - Jun 2022
Construction Equiptments Marketplace -
Vietnam
12
20
Back to index
Construction Tech (C-CUBE)
(# Cos: 17 | $3.9M)
Marketplaces (thauxaydung.pro)
(# Cos: 3 | $3.9M)
Heavy Equipment (RCE)
(# Cos: 1 | $3.9M)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$3.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$3.9M
1
-
1
0
RCE
(2020, Hanoi, $3.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

21. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Selex (2018, Hanoi)
$3.0M - Seed - Apr 2023
Electric 3 wheeler Cargo Manufacturers -
Vietnam
13
21
Back to index
Electric Vehicles (ChargeNow)
(# Cos: 6 | $21.6M)
Automaker (Dat Bike)
(# Cos: 2 | $21.6M)
Three Wheelers (Selex)
(# Cos: 1 | $5.1M)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$3.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.1M
1
-
1
0
Selex
(2018, Hanoi, $5.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

22. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Exchanges - Vietnam
14
22
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$2.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$2.5M
2
-
29
0
Cryptocurrencies (Rikkei Finance)
(# Cos: 94 | $19.4M)
Financial Services (Coin98)
(# Cos: 73 | $19.4M)
Investment Industry (Minswap)
(# Cos: 51 | $2.5M)
Crypto Exchanges (AshSwap)
(# Cos: 29 | $2.5M)
AshSwap
(2021, Ho Chi Minh City, $2.5M)
Minswap
(2021, Bac Ninh)
VinDAX
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
AshSwap (2021, Ho Chi Minh City)
$2.5M - Seed - Oct 2022

23. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Marketing Solutions for Insurance
Agents - Vietnam
15
23
Back to index
Corporate Functions (INSBANK)
(# Cos: 2 | $4.0M)
Sales & Marketing (MFast)
(# Cos: 2 | $4.0M)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$2.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.0M
1
-
2
0
MFast
(2017, Ho Chi Minh City, $4.0M)
INSBANK
(2014, Hanoi)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MFast (2017, Ho Chi Minh City)
$2.5M - Series A - Jul 2022

24. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Azota (2021, Hanoi)
$2.4M - Seed - Jul 2022
K-12 Student Assessment Tools -
Vietnam
16
24
Back to index
K-12 EdTech (Vuihoc.vn)
(# Cos: 161 | $56.6M)
Tech for Teachers (789)
(# Cos: 10 | $2.4M)
Student Assessment (Azota)
(# Cos: 3 | $2.4M)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$2.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.4M
1
-
3
0
Azota
(2021, Hanoi, $2.4M)
TNMaker
(2019, Hanoi)
HOTQA
(2011, Hanoi)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

25. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Internet First Men Casual Apparel
Brands - Vietnam
17
25
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$2.3M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.8M
1
-
1
0
Fashion Tech (SSSmarket)
(# Cos: 112 | $7.3M)
B2C Commerce (MEAN BLVD)
(# Cos: 103 | $6.8M)
Apparel (Rita Phil)
(# Cos: 30 | $4.8M)
Casual Wear (Canifa)
(# Cos: 20 | $4.8M)
Multi Category (Zanado Thời Trang)
(# Cos: 20 | $4.8M)
Men (Dad Famille)
(# Cos: 3 | $4.8M)
Internet First Brand (CoolMate)
(# Cos: 1 | $4.8M)
CoolMate
(2018, Hanoi, $4.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CoolMate (2018, Hanoi)
$2.3M - Series A - Sep 2022

26. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
K-12 Online Academic Courses - Vietnam
18
26
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$2.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$2.0M
3
-
22
0
K-12 EdTech (Marathon Education)
(# Cos: 161 | $56.6M)
B2C Learning Solutions (Edupia)
(# Cos: 99 | $36.6M)
School Curriculum (VietJack)
(# Cos: 54 | $2.5M)
Multi Subject (Hocmai)
(# Cos: 47 | $2.5M)
Online Courses (Vuihoc.vn)
(# Cos: 22 | $2.0M)
Vuihoc.vn
(undefined, Hanoi, $2.0M)
Hocmai
(2007, Hanoi)
VietJack
(2015, Hanoi)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Vuihoc.vn (Hanoi)
$2.0M - Seed - Aug 2022

27. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Audiobook Platforms - Vietnam
19
27
Back to index
Book Tech (FAHASA)
(# Cos: 47 | $2.9M)
Audio Books (Fonos)
(# Cos: 5 | $2.9M)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$1.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.9M
1
-
5
1
Fonos
(2019, Ho Chi Minh City, $2.9M)
SACHNOI.ASIA
(2017, Ho Chi Minh City)
Soundio
(2021, Ho Chi Minh City)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Fonos (2019, Ho Chi Minh City)
$1.8M - Seed - Nov 2022

28. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
JobHopin (2016, Ho Chi Minh City)
$1.4M - Series A - Sep 2022
Job Matching Platforms - Vietnam
20
28
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HRTech (Base)
(# Cos: 210 | $22.9M)
Job Board (Vietnam Works)
(# Cos: 99 | $3.8M)
Job Matching (JobHopin)
(# Cos: 4 | $3.8M)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$1.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$3.8M
1
-
4
1
JobHopin
(2016, Ho Chi Minh City, $3.8M)
JOBIGO
(undefined, Ho Chi Minh City)
CxO Search
(2017, Ho Chi Minh City)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

29. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
B2B Grocery Marketplaces - Vietnam
21
29
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$1.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.0M
1
-
2
0
B2B E-Commerce (Aemi)
(# Cos: 52 | $41.1M)
Food & Beverages (Kamereo)
(# Cos: 8 | $32.6M)
Groceries (Telio)
(# Cos: 5 | $32.6M)
Multi Category (Aimuatuiban)
(# Cos: 2 | $1.0M)
Marketplace (ODA)
(# Cos: 2 | $1.0M)
ODA
(2019, Ho Chi Minh City, $1.0M)
Aimuatuiban
(undefined, Ho Chi Minh City)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ODA (2019, Ho Chi Minh City)
$1.0M - Seed - Dec 2022

30. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Online Fashion Communities - Vietnam
22
30
Back to index
Fashion Tech (CoolMate)
(# Cos: 112 | $7.3M)
Community (SSSmarket)
(# Cos: 2 | $450K)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$450K ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$450K
1
-
2
0
SSSmarket
(2020, Ho Chi Minh City, $450K)
Memeapp
(2014, Ho Chi Minh City)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SSSmarket (2020, Ho Chi Minh City)
$450K - Seed - Aug 2022

31. Vietnam Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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Vietnam Tech - Top Business Models Report
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