Touchstone Partners closes 1st venture capital fund
Touchstone Partners has announced the first close of its inaugural US$50m venture capital fund backed by Pavilion Capital, Vulcan Capital and several other institutional investors and family offices.
Touchstone Partners has announced the first close of its inaugural US$50m venture capital fund backed by Pavilion Capital, Vulcan Capital and several other institutional investors and family offices.
Touchstone is founded by Khanh Tran, a founding partner of VinaCapital Ventures, and serial entrepreneur Tu Ngo, co-founder and chairwoman of YOLA Education.
It aims to be a leading early-stage venture capital investor in Viet Nam in the tech eco-system.
Its sectors of interest include fintech, real estate, healthcare, edtech, and technology that enhances efficiency in value chains such as manufacturing and agriculture.
With a population of nearly 98 million and 75 per cent in the working age category, Viet Nam is uniquely poised to capitalise on a demographic and digital dividend in a post-COVID world.
With more than US$2 billion in start-up funding in the past five years, its technology eco-system is now at an important inflection point, with a large, growing and internet-savvy middle-income population, a conducive environment for innovation and technology adoption and consistent government policies coming together at the right time.
Khanh said: “With Touchstone, we want to be a force for positive social development and to set high standards for venture investing in Viet Nam. We will play a key role in supporting start-ups, prioritising long-term cooperation, fairness, transparency, and mutual respect.” — VNS
