Vietnam, a nation with a rich history of innovation and entrepreneurship, has witnessed an incredible surge in the number of unicorns – privately held start-up companies valued at over $1 billion – in recent years. With the rapid growth of the Vietnam economy and the rise of disruptive technologies, these 2 unicorn companies have become the driving force behind the nation’s rise as a global powerhouse.
So without any delay, let’s get started and discover the world of Vietnam’s unicorn companies!
List of 2 Unicorns in Vietnam
1. Sky Mavis
A Vietnamese blockchain game developer that provides blockchain gaming solutions and services for game developers.
Company Details:
- Valuation: $3B
- Investors Name: Fabric Ventures, 500 Global, Standard Crypto
- City: Ho Chi Minh City
- Industry: Internet software & services
- Total Funding Raised: $161M
- Founded Year: 2019
- Joined Unicorn Club: 10/4/2021
- Total Investors:
- Total Deal Terms: 1
- Website: https://www.skymavis.com/
2. MoMo
MoMo is a leading mobile wallet and payment platform in Vietnam. The company offers a range of financial services, including peer-to-peer payments, bill payments, mobile top-ups, and money transfers. MoMo has over 20 million users and has partnered with a number of banks and retailers to expand its reach and offerings.
Company Details:
- Valuation: $2.27B
- Investors Name: Goodwater Capital, Warburg Pincus, GS Growth
- City: Ho Chi Minh City
- Industry: Fintech
- Total Funding Raised: $433.7M
- Founded Year: 2013
- Joined Unicorn Club: 12/10/2021
- Total Investors:
- Total Deal Terms: 3
- Website: https://www.momo.vn
Conclusion
In conclusion, Vietnam’s top 2 unicorns showcase the nation’s innovative power and economic growth. These companies are making a global impact and reshaping industries. Keep an eye on these trailblazers, as they continue to redefine success in the ever-evolving world of innovation.