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Venture Capital

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Investments

10

Funds

4

About ESP Capital

ESP Capital is a venture capital firm incorporated in Singapore and based in Vietnam. The firm targets investments in pre-seed and seed rounds.

ESP Capital Headquarter Location

Vietnam

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Latest ESP Capital News

New Vietnamese Local Venture Capital Fund Founded By Veterans From CyberAgent Capital and ESP Capital

Sep 8, 2020

by Do Ventures Founders: Vy Hoang Uyen Le (Vy) and Manh Dung Nguyen (Dzung)source: Do Ventures Do Ventures today announced the first closing of its new fund, Do Ventures Fund I, at more than half of the $50M target from first generation entrepreneurs in Vietnam and top institutional investors in Korea and Singapore such as NAVER, Sea, Vertex Holdings, Woowa Brothers, etc. The fund is co-founded by Manh Dung Nguyen (Dzung) and Vy Hoang Uyen Le (Vy), who have successfully developed multi-million-dollar companies and possess unique insights into the Vietnam market. Dzung and Vy have respectively left CyberAgent Capital and ESP Capital to start a new journey of creating a meaningful impact on the local startup ecosystem. Solid Track Record Do Ventures brings together two general partners who have a combined 15 years of investment experience and over 20 years of relevant operations experience. Dzung is one of the pioneering and most successful venture capitalists in Vietnam, with more than 12 years of experience investing in early stage startups. Having successfully venture-built many top local startups from scratch to reach more than hundred million dollars in valuation, Dung was the first investor of several industry leaders in Vietnam, namely Tiki.vn, Foody.vn, Batdongsan.com, CleverAds, Vexere, etc. His Co-founding Partner, Vy, has been a serial entrepreneur since the age of 13 as well as an e-commerce veteran with more than 10 years of experience and extensive traction in managing large-scale startups of a few hundred million in revenue. Beside her deep vein of operations experience, Vy is also recognized as an active investor for early-stage tech startups in Vietnam with investments in 15 companies while she was at ESP Capital. Comprehensive Investment Approach Do Ventures develops a comprehensive investment approach by investing in startups throughout various stages from Seed to Series B. During the process, the first step is to lead seed round investment where the funding gap exists in Vietnam. After the initial investment, it is important to be able to raise subsequent rounds for portfolio companies, so that they have sufficient capital to scale up. As a result, Do Ventures will make follow-on investments up to the B round, and at the same time invite other reputable investors to co-invest in order to add additional values for investees. One of the most important advantages of Do Ventures is to have the support of large corporates, credible institutional investors as LPs, who can also become co-investors in the following rounds. Vertex Ventures SEA & India and Vertex Growth Fund, as part of the Vertex family of funds, could benefit from co-investment opportunities arising. Outstanding Portfolio Support Capability Do Ventures possesses an outstanding portfolio support capability due to its unique strength in developing a data-driven decision-making process for startups. Do Ventures will help set up an automatic reporting system that empowers founders to understand real-time performance of the business and enables the fund’s investment officers to gain a deeper understanding of the company’s overall operations. From the data collected, Do Ventures can offer in-depth tailored operations support in various key areas, including product development, supply chain optimization, organizational design, sales & marketing enhancement, talent recruitment and overseas expansion strategy. Beside internal supporting activities, Do Ventures also conducts a C-level mentorship program to connect successful CEOs from large-scale startups in Vietnam with portfolio company’s founders. The program aims to provide young founders with in-depth advice on growth strategies and operational know-hows in specific industries. “The Vietnam consumption market is at its tipping point and ready to be captured by technology companies with innovative products. We are enthusiastic about the opportunity to boost the local economic growth at this very key circumstance,” said Dzung, Co-founding Partner, Do Ventures. “Together with Dzung, I am thrilled to start a new endeavor with one of the leading venture capitalists in Vietnam and bring a new impetus to the local startup ecosystem,” noted Vy, Co-founding Partner, Do Ventures.

ESP Capital Investments

10 Investments

ESP Capital has made 10 investments. Their latest investment was in MindX as part of their Seed VC on October 10, 2019.

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ESP Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/8/2019

Seed VC

MindX

$0.5M

Yes

2

9/4/2019

Series A

Ecomobi

No

GS Home Shopping, LINE Ventures, NAVER, and VinaCapital

2

12/27/2018

Seed VC

Ecomobi

Yes

Nextrans

1

10/29/2018

Series A

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$99M

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10

8/21/2018

Pre-Seed

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$99M

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10

Date

10/8/2019

9/4/2019

12/27/2018

10/29/2018

8/21/2018

Round

Seed VC

Series A

Seed VC

Series A

Pre-Seed

Company

MindX

Ecomobi

Ecomobi

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Amount

$0.5M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

GS Home Shopping, LINE Ventures, NAVER, and VinaCapital

Nextrans

Sources

2

2

1

10

10

ESP Capital Fund History

4 Fund Histories

ESP Capital has 4 funds, including ESP Capital I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/23/2017

ESP Capital I

$20M

1

6/1/2017

ESP Capital Fund I

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$99M

10

Do Ventures Annex Fund

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$99M

10

Do Ventures Fund I-A

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$99M

10

Closing Date

6/23/2017

6/1/2017

Fund

ESP Capital I

ESP Capital Fund I

Do Ventures Annex Fund

Do Ventures Fund I-A

Fund Type

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Status

Amount

$20M

$99M

$99M

$99M

Sources

1

10

10

10

ESP Capital Team

1 Team Member

ESP Capital has 1 team member, including current Managing Partner, Ngoc Nam Nguyen.

Name

Work History

Title

Status

Ngoc Nam Nguyen

Managing Partner

Current

Name

Ngoc Nam Nguyen

Work History

Title

Managing Partner

Status

Current

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