The Startup Base of CEO Pham Kim Hung completed the first round of fundraising with the participation of two large investment funds, VIISA and 500 Startups.

Tran Anh Dung, MOG CEO, and two other individual investors will also participate in the transaction.

Although the investment amount has not been disclosed, Hung said that Base would use the money to improve quality and product performance.

"The core of Base is our products, so we will concentrate all resources to bring our customers better products. As planned, we will begin to conquer the Southeast Asian market from mid-2019," Hung said.

Base is a technology platform built to unify enterprise management and operation.

Pham Kim Hung has a lot of experience and is renown in the development of technology products.

Having won the golden prize at the international mathematics Olympiad, Hung graduated from Stanford University and became known as a talented CEO when his name was listed in the 30 Under 30 by Forbes Magazine.

In development for a year, Base has launched over 10 applications and worked for more than 500 corporate clients, including big customers such as VP Bank, The Coffee House, MK Group, Elcom and a range of small and medium enterprises.

VIISA is an investment fund founded by FPT Ventures, Dragon Capital and Hanwha Investment & Securities. Together with the support of leading technology companies in Viet Nam, the fund has attracted more than 400 startups so far.

500 Startups is a large-scale venture capital fund in Silicon Valley, the US, focusing on potential startups in the technology sector. Since its founding, 500 Startups has invested in more than 2,000 startups. — VNS