Top 10 Fashion Startup Investors in Vietnam (July 2026)

Mekong Capital is a Vietnam-focused Private Equity firm, specializing in consumer driven businesses. Mekong Capital’s investee companies are typically among the fastest growing and market leading companies in Vietnam’s consumer-driven sectors such as retail, restaurants, consumer products and distribution.Established in 2001, Mekong Capitalhas the most extensive private equity track record in Vietnam. Our funds have completed 30 private equity investments, of which 22 have been fully exited and 1 has been partially exited. Mekong Capital has managed 5 funds, one of which is currently making new investments. Mekong Capital has a team of 50+ full-time people in our offices in Ho Chi Minh City, Hanoi, who have an average tenure at Mekong Capital of around 6 years. Three Partners with combined 31 years at Mekong Capital.Mekong Capital invests in fast-growing companies, with ambitious expansion plans, and a strong commitment to building management teams that will apply best practices and successfully execute on those expansion plans. These companies are typically well-established companies in their sectors, but which typically operate in fragmented and fast growing markets which present attractive growth opportunities.Mekong Capital is strongly committed to adding significant value at each of its investee companies – through operational improvements, building management teams, introduction of best practices and outside experts, and applying other elements of our Vision Driven Investing framework.

Investment focus

Industry: Manufacturing, Retail, E-Commerce
Stage:Private Equity, Series B
Geography: Vietnam, Spain, Hong Kong

Investor stats

Total investments: 48
Round size: Series B $21M–$30M; Private Equity $5.4M–$15M
Lead/follow: 31% lead, 69% follow
Last fund: May invest from a new fund soon — raised $246M in 2019

Portfolio highlights

F88 — F88 brand name was established in 2013. pioneered in professionalizing of pawn services in Vietnam, bringing fast, reliable and professional financial solution to consumers, blowing fresh winds to the traditional pawn market. With the model of nationwide pawn system, F88 currently provides loans with diversified mortgage assets such as cars,motorcycles, mobile phones, laptops, etc. F88’s competitive advantage lies at the professional management team with a strong commitment toward bringing customers reliable, professional, friendly and fast financial services, from which, to change social perceptions about traditional pawn market. With a wide network of stores, modern technology system, well-trained staffs and high quality services, F88 has been honored Gold Cup for reliable products, perfect service, preferred brands in 2016 granted by Intellectual Property and Creativity magazine – Intellectual Property Association of Viet Nam and Intellectual Property International Academy.
Pizza 4P's — Pizza 4P's is Vietnam-based Japanese Italian pizza restaurant. Always the best with our mission of "Delivering Wow, Sharing Happiness"
LiveSpo Global — LIVESPO GLOBAL is world-leading company in the commercial development and manufacturing of Bacillus clausii.

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Investment focus

Industry: Software, Artificial Intelligence, Information Technology
Stage:Pre-Seed, Seed, Series A
Geography: Singapore, Australia, United Kingdom

Investor stats

Total investments: 1818
Round size: Seed $186k–$4.6M; Pre-Seed $108k–$750k; Series A $4.6M–$28M
Lead/follow: 39% lead, 61% follow
Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

Sapyen — We take the fear out of infertility for men. Test for it at home, without stepping out to the hospital and get personalised health recommendations to improve sperm health and increase your chances of conceiving.
Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
One Key Access — One Key Access is an interface to the world of couriers to enable 24/7 frictionless deliveries.

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They invest in Seed to Series A companies across emerging markets. Although they have a sector agnostic fund mandate, they particularly like to work with founders that are building ecosystems with the potential to distribute financial services to the unbanked.

Investment focus

Industry: Financial Services, FinTech, Information Technology
Stage:Seed, Series A, Pre-Seed
Geography: India, Singapore, Indonesia

Investor stats

Total investments: 112
Round size: Seed $1.8M–$8.4M; Pre-Seed $1.5M–$6M; Series A $3.4M–$33M
Lead/follow: 14% lead, 86% follow
Last fund: May invest from a new fund soon — raised $55M in 2019

Portfolio highlights

Mylapay — Mylapay, a rising fintech startup, was established in 2019 and incorporates as 'Mindeed Technologies and Services Pvt Ltd' by a dynamic team of co-founders (Ex Hitachi and Worldline) who bring over 50 years of collective experience in the payment domain. Mylapay has been officially registered with the DIPP under the Startup Indiainitiative, signifying its commitment to pioneering financial technology solutions. We specialize in payment enablement, crafting cutting-edge payment solutions to simplify the complete card payment cycle. Mylapay aimed at redefining the payment processing experience with its core product line up; (3DS-Authentication: The linchpin of online commerce, turning payment security into an art form), (Authorization Switch: Your go-to solution for speed and security, ensuring high success rates with fast and safe approvals), (IntelleEngine-Transaction Processing System: An all-in-one platform that manages the post authorization transaction processing end-to-end) Our aim is to transform Mylapay into a holistic tech ecosystem for all your acquiring payment processing needs. We offer cloud-based solutions that equip Payment Aggregators and Banks across the globe with complete payment processing capabilities. With us, you get a one-stop-shop for all your payment solutions, making transaction experiences smoother than ever!
Pagaleve — pagaleve offers payment in installments at PIX, with no interest and no credit card required. They provide merchants with a new payment method in order to increase their sales in a simple, uncomplicated, and agile manner, but they also want to provide people with the opportunity to buy what they want without committing to the card'shigh-interest rates and credit.
AIsa — AIsa is the capability layer for the Agentic Economy. Everything AI agents need to reason, act, and transact. Pay per call.

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Mushin is a disruptive technology that helps brands and suppliers catch the right trends, at the right time. We make inspirations collection and sharing easy for product teams and designers so they're all on the same page. By digitizing the creative process, we free their creativity and help them create more coherent products faster. Mushin isalso a place to collaborate efficiently with strategic suppliers. Thanks to visual sharing, brands and suppliers accelerate and improve the product development process. Less and less samples, real-time communication, better understanding of the brand DNA, time-to-market is reduced. They all win by using Mushin!

Investment focus

Industry: Retail, Fashion, E-Commerce
Stage:Seed
Geography: Vietnam

Investor stats

Total investments: 1
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Dosiin — Dosiin is a fashion brand that sells clothing and accessories.

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As part of the leadership team at Sequoia Capital India, Rajan is focusing on developing its early-stage program Surge, into the world's top scale-up program for startups by acting as an investment advisor and mentor to the programme's founders. Surge aims to engineer rapid early progress for startups, by enabling disproportionateaccess to capital, talent, network and decades of company-building knowledge. Rajan's deep understanding of technology, operating expertise and a track record of growing tech businesses across the region will help Surge's founders scale and build the businesses of tomorrow.Prior to Sequoia, as Head of Google India and Southeast Asia, Rajan played a key role in expanding the regions internet ecosystem while accelerating Google's innovation and growth units. He is also a prolific angel investor who has backed a large number of successful startups at very early stages. Rajan also led Microsoft and Dell in India and was earlier a Partner at McKinsey & Company in Chicago.

Investment focus

Industry: Software, E-Commerce, Artificial Intelligence
Stage:Seed, Angel, Series A
Geography: India, United States, Singapore

Investor stats

Total investments: 151
Round size: Seed $200k–$4.5M; Angel $30k–$650k; Series A $4M–$17M
Lead/follow: 42% lead, 58% follow

Portfolio highlights

Smytten — Discover Trial Packs from 1200+ top brands on Smytten. Explore 250+ lifestyle categories and try sample products across skincare, haircare, makeup, fragrances & more.
Omnify — Automate your business and simplify your life with Omnify's all-in-one online booking system that streamlines your operations through one simple dashboard.
mirrAR — mirrAR your go to augmented reality company for ECommerce. Experience our platform, solutions & AR software. Transform shopping with augmented reality in E-commerce.

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Charles-Edouard Bouée is the CEO of Roland Berger. He is a seasoned expert in reorganization, post-merger projects and integration programs, as well as performance improvement, and specializes in disruptive innovation, new technologies and digital transformation.Charles-Edouard Bouée joined Roland Berger in 2001 as Senior Partner in the Parisoffice, where he headed the Financial Services and Energy & Utility Competence Centers. He became the Managing Partner of Roland Berger’s China office in 2006 and Head of the Asia Leadership Team in 2009.He then assumed responsibility for France, Belgium, Italy, Spain and Morocco. He has since fulfilled consulting mandates for leading international companies and organizations based in Europe, Asia and elsewhere. Charles-Edouard Bouée was appointed COO in July 2013 and elected CEO of Roland Berger in June 2014.Charles-Edouard Bouée has authored various books on modern management and China, as well as Artificial Intelligence.

Investment focus

Industry: AgTech, Beauty, Mining
Stage:Pre-Seed, Seed, Angel
Geography: United States, France, Vietnam

Investor stats

Total investments: 5
Round size: Pre-Seed $318k–$1M
Lead/follow: 0% lead, 100% follow

Portfolio highlights

xRapid — xRapid is a mobile health diagnosis through disruptive solutions leveraging the use of artificial intelligence. xRapid is a Biotech startup based in Aix en Provence (France), London (Uk), and Las Vegas. xRapid saw its beginnings in a laboratory in Jakarta. Their CTO, Professor David Mendels, recognized that he was able to develop a mobilesolution for malaria diagnosis after attending a conference. Since then he has created xRapid, a powerful automated test that can be deployed anywhere in the field and has the potential to spot other diseases from tuberculosis to gonorrhea.
PaySika — Un compte, une carte bancaire gratuite
INTERSTELLAR LAB — autonomous modules for crop cultivation on Earth and life-support in Space

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Conglomerate operating in 11 countries in retail and distribution

Investment focus

Industry: Beauty, Fashion, E-Commerce
Stage:Seed
Geography: Vietnam

Investor stats

Total investments: 1
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Leflair — Leflair is a premium online outlet, selling discounted merchandise.Leflair was launched in Vietnam in 2015 as the country’s first premium e-commerce website for women, men, kids, and home. They launch limited-time sales every morning with prices up to 70% off retail, making the world’s best brands accessible in Vietnam.The company'squality and authenticity are its core, which is why they only partner directly with brands, conduct the most rigorous quality control and treat every package as a present.

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DO Ventures is a venture fund with the mission to support tech startup companies in Vietnam and Southeast Asia. We provide finance, mentorship, connections to both global and regional startups

Investment focus

Industry: E-Commerce, FinTech, Software
Stage:Seed, Series A
Geography: Vietnam, Singapore, South Korea

Investor stats

Total investments: 31
Round size: Seed $900k–$3M; Series A $2M–$16M
Lead/follow: 45% lead, 55% follow
Last fund: May invest from a new fund soon — raised $50M in 2020

Portfolio highlights

Cooky.vn — The community loves food, cooking and baking. Join the community to share recipes and cooking tips.
Allra — Allra is a financial management platform for online SMEs.
Specter — Specter is a reputation sharing platform for applicants who are sincere and do their job well, but cannot do enough self-PR in interviews.

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R2VP is a seed venture fund that focuses on investing in teams that are tackling large markets.

Investment focus

Industry: FinTech, Wholesale, E-Commerce
Stage:Seed, Pre-Seed
Geography: Hong Kong

Investor stats

Total investments: 4
Round size: Seed $250k–$500k
Lead/follow: 0% lead, 100% follow

Portfolio highlights

1Long — Smart Finance for Vietnam's Rising Affluent
HelloMida — HelloMida is a DTC fashion commerce platform.
KintoHub — KintoHub has combined and abstracted the best-in-class enterprise technologies to be operable by a single developer to rapidly ship features at massive scale with confidence.

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