Three people from the AVV team sittingBinh and Eddie posing for the camera

AVV is an early-stage venture capital firm rooted in Vietnam and built to back bold founders.

The AVV team in Ho Chi Minh City.

Who We Are

We are an early-stage venture capital firm with a deep local presence in Vietnam, backed by global experience. We are uniquely focused on, and suited to, our mission of backing ambitious founders early, helping them win in competitive markets, and scaling sustainably across Southeast Asia and beyond.

Our team brings proven operational DNA to the table. We have founded, scaled, and successfully exited companies in both Silicon Valley and Vietnam. This experience shapes our investment philosophy: hands-on, pragmatic, and always founder-first.

Since 2015, we've helped startups navigate Vietnam's fast-changing business landscape, avoid early-stage pitfalls, attract top talent, and scale quickly with confidence. Our GPs are the only team in the country that has backed multiple unicorns from seed.

Why Founders Choose Us

From Vietnam to the world

Vietnam is one of the world’s most exciting startup ecosystems. As a Vietnam-based VC firm with international reach, we combine local expertise with global credibility.

Operators at heart

We've built tech companies, scaled products, and hired leadership teams ourselves. We work hands-on with founders across product development, growth, fundraising, and company culture, providing far more than just capital.

Global network, local presence

With roots in Silicon Valley, we open doors to global co-investors, advisors, and ecosystem leaders such as a16z and Sequoia, while providing on-the-ground support in Vietnam when it matters most.

First checks, lasting partnerships

We typically invest $250,000 to $2 million from idea stage to early traction. More importantly, we stay the course by supporting founders through seed, scale, and long-term growth.

We are proud to be part of Vietnam’s fast-growing innovation economy. Our goal is to back the next generation of category-defining founders with capital, conviction, and enduring partnership.

Eddie and Binh launching 500 Startups Vietnam.
GPs at the AVV Fund 1 launch party
Participants of Saola, our accelerator for women
The AVV team celebrating a birthday
The AVV team celebrating the closing of Fund 2
Our annual party, AVV Capital Nights, in Hanoi
2015
Eddie and Binh partnered, launched 500 Startups’ Vietnam operations, and began investing together.
2017
Closed first fund, closed 20 deals and counting.
2019
Became the most active VC in Vietnam over the previous decade.
2020
Launched AVV, achieved first unicorn with ApplyBoard.
2021
Closed second fund, achieved second and third unicorns with Sky Mavis and Turing.
2024
Closed 100 deals and counting.