Vietnam has few pure solo angels. Old angel networks went quiet. Most early money flows through small funds and operators. Here are 11 angels and early backers funding Ho Chi Minh City startups in 2026.
Solo angels are rare in Saigon, and the few networks that once gathered them have mostly gone quiet. The early money you meet today rarely comes from a lone individual writing a personal cheque.
Small early-stage funds have stepped in to fill that gap, and their partners back founders the way classic angels once did. A handful of operators still write angel tickets of their own, but almost every deal here is early.
You will end up pitching both funds and angels, often in the same week. Ellty puts your deck, metrics, and data room behind one link so every backer sees the same clean story.
| Type | Check size | Sector focus | Website | |
|---|---|---|---|---|
| Ascend Vietnam Ventures | Angel-style early fund | ~US$500K-$2M | Broad tech, fintech, B2B | avv.vc |
| Genesia Ventures | Angel-style early fund | ~US$100K-$1M | Fintech, SaaS, consumer | genesiaventures.com |
| Touchstone Partners | Angel-style early fund | ~US$500K-$1M | Climate, agri, education | touchstone.vc |
| Do Ventures | Early fund / ecosystem | Seed to Series B | Consumer, fintech, SaaS | doventures.vc |
| ThinkZone Ventures | Early fund | ~US$100K-$3M | Tech, fintech, deep tech | thinkzone.vn |
| Le My Nga (WeAngels) | Angel investor (women-focused) | Angel tickets | Women-led, social-value | linkedin.com/in/sharknga |
| Nextrans | Korea-VN early-stage VC | ~US$100K-$1M | Fintech, edtech, ecommerce | nextrans.vn |
| VinaCapital Ventures | Corporate early VC | ~US$1M+ | Broad tech | vinacapital.com |
| VSV Capital | Accelerator and early VC | Accelerator cheques | Broad early tech | vsvcapital.com.vn |
| National Innovation Center | State startup connector | Connector, no cheque | Sector-agnostic | nic.gov.vn |
| DAVAS | Angel summit (connector) | Connector, no cheque | Sector-agnostic | davas.vc |
Reach every early backer with one link
Angels and early funds read fast and pass faster. Ellty shows who opened your deck so you follow up while interest is hot.
Start free 14-day trialWhat an angel backs here
They back the founder first, and conviction is what actually drives the cheque. The numbers matter, but the person carrying them matters more at this stage.
They move fast on small rounds, and pre-seed is where they feel most at home. A clear, specific ask wins them over far quicker than a vague vision.
Real early traction seals it, even if it is only a pilot or two. Ellty gives each backer one link, so you can see exactly who opens your deck and when.
Vietnam has gone from a potential market to a country ready to break out. The capital is ready and the time is now.
11 HCMC angel investors
1. Ascend Vietnam Ventures
AVV writes the first cheques, angel-style.
Recent Activity: Backed Pulse Tech and BlokID in 2024-25
LinkedIn: Ascend Vietnam Ventures LinkedIn
Sector Focus: Broad tech, fintech, B2B
Stage Focus: Pre-seed, seed
Check Size: ~US$500K-$2M
Location: Ho Chi Minh City, Vietnam
Website: avv.vc
2. Genesia Ventures
Genesia backs early founders from Saigon.
Recent Activity: Backed Kamereo and Fundiin
Sector Focus: Fintech, SaaS, consumer
Stage Focus: Pre-seed, seed
Check Size: ~US$100K-$1M
Location: Ho Chi Minh City (Japan HQ)
Website: genesiaventures.com
3. Touchstone Partners
Touchstone backs early climate and impact tech.
Recent Activity: Launched a green early-stage fund in 2025
LinkedIn: Touchstone Partners LinkedIn
Sector Focus: Climate, agri, education
Stage Focus: Pre-seed, seed
Check Size: ~US$500K-$1M
Location: Ho Chi Minh City, Vietnam
Website: touchstone.vc
4. Do Ventures
Do Ventures leads Vietnam's early-stage scene.
Recent Activity: Leads Vietnam's private-capital body
LinkedIn: Do Ventures LinkedIn
Sector Focus: Consumer, fintech, SaaS
Stage Focus: Seed to Series B
Check Size: Seed to Series B
Location: Ho Chi Minh City, Vietnam
Website: doventures.vc
5. ThinkZone Ventures
ThinkZone runs the Bach Khoa alumni fund.
Recent Activity: Backs early VN tech founders
Sector Focus: Tech, fintech, deep tech
Stage Focus: Pre-seed to Series A
Check Size: ~US$100K-$3M
Location: Hanoi, Vietnam
Website: thinkzone.vn
6. Le My Nga (WeAngels)
Le My Nga backs women-led VN startups.
Recent Activity: Backed women-led startup Ecos in 2024
LinkedIn: Le My Nga LinkedIn
Sector Focus: Women-led, social-value
Stage Focus: Angel, pre-seed
Check Size: Angel tickets
Location: Ho Chi Minh City, Vietnam
Website: linkedin.com/in/sharknga
Send each backer one trackable link
Ellty logs when a backer opens your numbers. Chase the keen ones first, not days too late.
Start free 14-day trial7. Nextrans
Nextrans backs early VN startups from Korea.
Recent Activity: Backs early VN startups from Korea
Sector Focus: Fintech, edtech, ecommerce
Stage Focus: Pre-seed, seed
Check Size: ~US$100K-$1M
Location: Hanoi (Korea HQ)
Website: nextrans.vn
8. VinaCapital Ventures
VinaCapital Ventures backs early VN tech.
Recent Activity: Backs early Vietnamese tech startups
Sector Focus: Broad tech
Stage Focus: Seed
Check Size: ~US$1M+
Location: Ho Chi Minh City, Vietnam
Website: vinacapital.com
9. VSV Capital
VSV ran Vietnam's first startup accelerator.
Recent Activity: Accelerates early VN founders
Sector Focus: Broad early tech
Stage Focus: Pre-seed
Check Size: Accelerator cheques
Location: Hanoi, Vietnam
Website: vsvcapital.com.vn
10. National Innovation Center
NIC connects founders to investors.
Recent Activity: Connects founders to investors
Sector Focus: Sector-agnostic
Stage Focus: Idea to seed
Check Size: Connector, no cheque
Location: Vietnam (state body)
Website: nic.gov.vn
11. DAVAS
DAVAS hosts a venture and angel summit.
Recent Activity: Hosts a venture and angel summit
Sector Focus: Sector-agnostic
Stage Focus: Pre-seed to seed
Check Size: Connector, no cheque
Location: Da Nang, Vietnam
Website: davas.vc
Why funds act like angels
Pure angel networks went quiet, so small funds now write the first cheques in their place. The label on the door says fund, but the behaviour at the table is pure angel.
AVV and Genesia both go early, and their partners back founders directly rather than waiting for a later round. It makes sense to treat them like angels when you map out your raise.
Approach them with the same warmth and clarity you would give a solo backer. See our ecommerce investors guide too for the names that lean commerce.
How early money flows here
Operators back the next wave of founders, and a few television sharks put money in as well. That mix gives you more doors to knock on than the quiet angel scene suggests.
Still, check carefully who you take money from, because some of those sharks have faced fraud cases. A clean cap table is easier to defend than a flashy one.
Keep every relationship warm while you raise, since early backers move on reputation and momentum. Use investor relations tools to stay in touch, and Ellty logs who reads your numbers so you know where to push, as our angel investors guide explains.
Raising an angel round in Saigon
Line up several backers at once, because small cheques add up faster when they arrive together. A single yes rarely closes a round here, so build a short list and work it in parallel.
Protect your data as you share it, and use secure file sharing so nothing leaks beyond the people you invite. Lock your most sensitive files and add password protection to them before any link goes out.
Ellty sends updates and tracks every read, so you always know who is still leaning in. Help your startup close by following up while attention is fresh.
How to pitch an angel investor
Lead with your team and story.
- 1.Lead with your team and story.Open with the people building this and why they will not quit. Make the angel believe in the team before you reach a single slide of numbers.
- 2.Show early traction or pilots.Bring whatever proof you have, whether it is users, revenue, or a live pilot. Concrete early numbers build trust far faster than promises about the future.
- 3.Name your round and the ask.State exactly how much you are raising and what each cheque unlocks. Keep the ask small, specific, and easy for a busy angel to say yes to.
- 4.Send one Ellty link to your data.Share a single trackable link to your deck, metrics, and data room. Watch who digs in so you can follow up with the backers who actually engaged.
How Ellty helps you land an angel investor in Ho Chi Minh City
You have your HCMC angel list ready. Set up a data room before you reach out.
- 1.Upload your deck, metrics, and plan.Set access per backer.
- 2.Share one trackable link per backer.Each backer gets a unique link.
- 3.Watch opens and reply on time.Use analytics to time each nudge.
Ho Chi Minh City angel investor questions
- Few pure solo angels. Small funds fill the gap.
- Yes, older ones went quiet. Funds lead early deals now.
- Some do, plus a few sharks. Check their track record.
- Often tens of thousands USD. Funds write more.
- Angel-style early funds. A few operator-angels too.
- Before your first backer call. Track who opens your numbers.
