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Ascend Vietnam Ventures (AVV) is an early-stage venture capital firm based in Ho Chi Minh City, investing in tech startups across Vietnam and Southeast Asia. Founded in 2021 by general partners Binh Tran and Eddie Thai, the firm closed its flagship AVV Alpha fund at approximately $64 million.
53% of their portfolio is in Fintech. They made 1 investment in the last 12 months. Their most common stage is series-a (40% of deals). Average disclosed round size is $27.5M (across 13 rounds with reported amounts).
Portfolio
10
Fund Size
$64M
Top Stage
Series A
Last 12 Mo
1
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
15 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 TechCoop | Unknown | $11.8M | Apr 2026 |
 BlokID | Seed | — | Jan 2024 |
 Retrocausal | Seed | $5.3M | Nov 2023 |
 mFast | Series A | $6M | Aug 2023 |
 MFast | Series A | $6M | Aug 2023 |
| RRetrocausal.ai | Unknown | $5.3M | Jan 2023 |
| MFast | Series A | $6M | Jan 2023 |
| mFast | Series A | $6M | Jan 2023 |
 Virtual Internships | Series A | $14.3M | Sep 2022 |
| mFast | Unknown | $2.5M | Jul 2022 |
| RRetrocausal.ai | Unknown | $3.4M | Mar 2022 |
 Funding Societies | Series C | — | Feb 2022 |
| FFunding Societies Modalku | Series C | $144M | Jan 2022 |
| Funding Societies | Series C | $144M | Jan 2022 |
| FFoodmap | Series A | $3M | Jan 2022 |
Top Co-Investors
Wavemaker Partners6 shared
Do Ventures5 shared
JIF Capital5 shared
Differential Ventures3 shared
Glasswing Ventures3 shared
Argon Ventures3 shared
EDBI3 shared
Peak XV Partners2 shared
Techstars2 shared
Indicator Ventures2 shared
One Way Ventures2 shared
Endeavor2 shared
AppWorks2 shared
500 Global1 shared
Salica Investments1 shared
STIC Investments, Inc.1 shared
Arsenal Growth1 shared
Headline1 shared
Scale Venture Partners1 shared
Last updated: 20 October 2026