Top 10 Fashion Startup Investors in Vietnam in April 2025

Last updated: Apr 2025 A list of 10 angel investors and VC (Venture Capital) funds that invest in Fashion startups based in Vietnam. We rank investors based on the number of investments they made in Fashion companies from Vietnam. We update this investor list every month.

Top 10 Fashion Startup Investors in Vietnam in April 2025

Investor	Fashion Vietnam investments
Mekong Capital	2
Charles-Edouard Bouee	1
Mushin	1
AppleTree Group	1
January Capital	1
Saison Capital	1
Rajan Anandan	1
TheVentures	1
Spiral Ventures	1
Rajan Anandan	1

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Investor list

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

Manufacturing, Retail, Information Technology
Funding Round, Private Equity, Series C
Vietnam, Spain, Hong Kong

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.
Husk Ventures — Generate new revenue streams for rural communities by upcycling rice husk to create sustainable products that contribute to a circular economy.Husk Ventures aims to increase the incomes of rice farmers’ and rural communities with access to innovative technologies and capacity building to convert rice husk into valuable products for local andinternational markets.The unique characteristics of rice husk (high lignin and silica content) make it an ideal material that benefit from being strong, fireproof, mould, and insect resistant.Some innovations exist in the market to create alternatives to wood by mixing rice husk with plastic or natural resins to create furniture or construction materials using similar technologies to wood plastic composites (WPC).Creating products using Rice Husk Composites is an opportunity to reduce deforestation and plastic consumption.
Gene Solutions — Gene Solutions is a genetic testing company in Vietnam and the market leader for reproductive health tests, which respond to critical healthcare needs, such as helping parents detect chromosomal disorders during pregnancy, or preventing genetic problems, and helping to conceive a child (in-vitro fertilization – IVF).

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

AgTech, CleanTech, Financial Services
Pre-Seed, Seed, Angel
United States, France, Vietnam

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 — PaySika is a financial technology startup developing mobile and web-based banking solutions for French-speaking African countries.
INTERSTELLAR LAB — autonomous modules for crop cultivation on Earth and life-support in Space

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

Retail, Fashion, E-Commerce
Seed
Vietnam

Portfolio highlights

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

Conglomerate operating in 11 countries in retail and distribution

Investment focus

Beauty, Fashion, E-Commerce
Seed
Vietnam

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.

We partner with exceptional technology companies in the Asia-Pacific region, providing flexible capital solutions to amplify their growth ambitions.

Investment focus

E-Commerce, FinTech, Software
Seed, Series A, Series B
Singapore, Australia, Indonesia

Portfolio highlights

Omni HR — Omni HR helps companies automate the end-to-end employee journey including onboarding, time off, employee management, and more. Easy to use and customizable!
Confident AI — Confident AI offers open-source unit testing solutions for applications utilizing large language models (LLMs).
Netbank — Netbank provides various banking solutions like alternative lenders, payment solutions, neobanks, and wallets.

They invest in Seed to Series A companies across South East Asia and India. 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

Financial Services, FinTech, Information Technology
Seed, Series A, Pre-Seed
Singapore, India, Indonesia

Portfolio highlights

Zoplar — Zoplar operates a one-stop platform for all healthcare needs, offers a wide range of products for hospitals and clinics.
Habitto — Habitto by SJ Mobile Labs is a new financial services venture focused on the Japanese market. The team and its advisors have a breadth of experience ranging from insurance, banking, e-commerce, adtech and ventures across five continents. This provides them with a unique approach to entering new markets and building valuable businesses.
Zinc Money — Zinc Money provides fast and secure international money transfers, specializing in helping students and individuals send money from India. With the convenience of UPI integration, users can now transfer funds abroad effortlessly. Zinc Money offers quick and affordable money transfer solutions for education, travel, and everyday expenses withtransparent fees and strong security. Whether you need to send money internationally or manage global transactions, Zinc simplifies the process, making it an ideal choice for users transferring money from India.

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

Software, E-Commerce, Artificial Intelligence
Seed, Angel, Series A
India, United States, Singapore

Portfolio highlights

Smytten — Smytten is an online discovery platform for premium products & services. Smytten also offers assisted shopping, and for the more advanced shopper, customised offers and ability to build their own wishlist for regular purchases.
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.

TheVentures provides their portfolio companies access to on staff world class experts in recruiting, PR, marketing, early stage customer acquisition, raising money, and strategy. They even provide engineering and design support, co-building products with the founding team, while assiting in hiring those difficult to recruit early engineers.

Investment focus

Information Technology, Software, Health Care
Seed, Series A, Pre-Seed
South Korea, United States, Vietnam

Portfolio highlights

Cashmore — Cashmore is an app service that analyzes consumers' store visits, mobility paths, and consumption history to deliver customized discount benefits.
Vivident — Vivident is to create an unparalleled entertainment world where fans and creators collaborate, blurring the lines between the virtual and the real.
Second Ocean — Second Ocean is an aquaculture company that provides data collection and technology development for sustainable seaweed farming.

Our former entity “IMJ Investment Partners” was established in 2012 by IMJ Corporation (“IMJ”), a major digital marketing company, as an independent venture capital subsidiary in Japan. After IMJ was acquired by Culture Convenience Club (“CCC”) in 2013, we continued our investment activities independently, and eventually relocated our office toSingapore to change our strategy and start a venture capital fund for the Southeast Asia market. In 2015, we established the Japan office and started a venture capital fund for the Japanese market.In tandem with the expansion of our business, we left the CCC Group, changed our name to “Spiral Ventures” in 2017, and made a fresh start as an independent venture capital firm.taken from https://spiral-ventures.com/en/group-info/