Top 5 Fashion VC Funds &amp; Investors in Vietnam (June 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, Service Industry
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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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

Industry: Software, Information Technology, Artificial Intelligence
Stage:Seed, Series A, Pre-Seed
Geography: South Korea, United States, Vietnam

Investor stats

Total investments: 122
Round size: Seed $74k–$2.2M; Pre-Seed $714k–$2M; Series A $2.5M–$4.8M
Lead/follow: 43% lead, 57% follow
Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

AIgement — AIgement enables industrial firms to make data-driven choices, save costs, and improve supplier relationships.
Sans — Sans is the first alternative coffee brand in Korea to replicate the taste and aroma of coffee without using beans, and it is the only brand in the world to operate specialty alternative coffee stores. Instead of coffee beans, which are designated as one of the "five endangered crops," Sans developed an alternative coffee similar toAmericano by combining 12 ingredients, such as jujube seeds, chicory roots, and barley, which are easy to grow in greenhouses in any country regardless of climate change.
Alice in Builderland — Alice in Builderland is an interior design and construction service platform that provides kitchen and bathroom construction packages.

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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/

Investment focus

Industry: E-Commerce, Internet, Information Technology
Stage:Seed, Series A, Series B
Geography: Japan, India, Indonesia

Investor stats

Total investments: 96
Lead/follow: no public data

Portfolio highlights

Ixyas — Ixyas offers internet service planning, operation, marketing support, and sales services.
Inflow — Looking for reliable suppliers and efficient supply chain management for your fashion brand? Look no further than Inflow! Our online platform offers an end-to-end solution for all your production needs, from design to delivery. Simplify and optimize your production process with Inflow's high-quality sourcing and expert supply chain management. Try us out today!
Secai Marche — SECAI MARCHE is Farm-Fresh Platform to link farmers and enthusiasm chefs and consumer in all over the world.

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Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

Investment focus

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

Investor stats

Total investments: 1197
Round size: Seed $196k–$5.8M; Pre-Seed $104k–$1.1M; Series A $4.6M–$29M
Lead/follow: 41% lead, 59% 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.
RubiLabs — RubiLabs Inc provides a platform for unifying, monitoring, and analyzing organizational data. RubiLabs software enables analysts and operators across risk, compliance, and security teams to collaborate and interpret large volumes of information in real time. The company’s platform is designed to help institutions make sense of complex, fragmenteddata by transforming it into a coherent operational picture for risk detection, continuous monitoring, and investigative workflows.
One Key Access — One Key Access is an interface to the world of couriers to enable 24/7 frictionless deliveries.

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