Mirae Asset-Naver Asia Growth Fund, the vehicle formed by internet company Naver and investment firm Mirae Asset Daewoo, has partnered a venture capital fund managed by asset manager VinaCapital, DealStreetAsia has reported.
Mirae Asset provided an undisclosed amount of capital for VinaCapital Ventures’ latest fund as a limited partner in connection with a strategic partnership, while Naver will support the firm’s portfolio companies in international expansion.
Launched in August 2018, VinaCapital Ventures is a $100m VC fund that is seeded by VinaCapital and which is focused on investing in Vietnam-based technology companies.
The asset management firm’s previous investments include logistics platform Logivan, accelerator operator Zone Startups, ride hailing app developer FastGo, digital gifting platform UrBox and digital banking technology provider Wee Digital.
VinaCapital Ventures partner Khanh Tran said: “We are excited to collaborate with Mirae Asset and Naver not simply for the financial investment but for the opportunity to access the experience and technologies that will help our investee companies reach their potential.”