AVV

Ascend Vietnam Ventures (AVV) is a prominent early-stage venture capital firm based in Ho Chi Minh City, Vietnam. Founded by Binh Tran and Eddie Thai, AVV focuses on empowering tech entrepreneurs across Vietnam and Southeast Asia. With a clear mission to positively transform lives through technology, AVV aims to back the next wave of globally iconic startups from the region. The firm’s flagship fund, AVV Alpha, closed at $64 million and targets seed-stage investments between $500K to $2M, with the potential for follow-on investments of up to $4M. AVV is dedicated to nurturing a diverse portfolio, investing in sectors such as fintech, edtech, and SaaS. Their portfolio includes notable successes like ELSA, Axie Infinity, and Trusting Social. AVV distinguishes itself by emphasizing not only capital but also hands-on support in three critical areas: people, growth, and capital strategy. The firm is committed to fostering inclusive entrepreneurship, having launched initiatives like SHINE, which focuses on supporting women founders in Vietnam. With a team composed of seasoned professionals with backgrounds from global tech giants like Google and Uber, AVV is well-positioned to help startups scale both regionally and globally. The firm leverages Vietnam’s dynamic ecosystem and its engineering talent to build companies that can address challenges in other emerging markets.