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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Investment focus

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

Investor stats

Total investments: 932
Round size: Seed $362k–$5.8M; Pre-Seed $100k–$1.3M; Series A $4.6M–$29M
Lead/follow: 47% lead, 53% follow
Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

not8 — not8 is a SaaS platform that helps digital agencies and IT companies save those hours and increase employee productivity by up to 15% by moving all the conversations "inside the product".
Qeeper — On-demand property maintenance across London, Edinburgh and Brighton
Cloud Cycle — Globally we produce over 10 billion tons of concrete each year, its the second most consumed material on the planet behind wate and is responsible for upto 10% of global CO2 emissions. Around 5% of all concrete produced goes to waste, this waste in the UK alone costs around £400 million.Cloud Cycle has developed an on-truck device and sensorarray which feeds our cloud platform to ensure concrete meets specification & prevents waste. Even when surplus does still occur, our marketplace for the local on-sale of surplus concrete will find a buyer. We aim to save industry billions whilst reducing global CO2 by 1%.We are using advanced technology & the circular economy to transform the concrete industry.

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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, Health Care
Stage:Seed, Series A, Pre-Seed
Geography: South Korea, United States, Vietnam

Investor stats

Total investments: 117
Round size: Seed $74k–$2.2M; Pre-Seed $750k–$770k; Series A $3M–$4.8M
Lead/follow: 45% lead, 55% follow
Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

Hifen —
Amously — Amously builds production-ready process control software for advanced fabs using digital twins, virtual metrology, and run-to-run control to improve stability, yield, and operational efficiency.
Filum.ai — In the new digital transformation era, connecting every touchpoint for every stakeholder on the journey is crucial in helping businesses create a competitive advantage. Filum enables businesses to build a foundation that promotes creativity and the power of inner strengths to make journeys of excellence. We empower businesses by helping them createexcellent experiences with the power of data and cutting-edge technologies.

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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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