RStartups attract investment of $205mn in 2016
Some 50 Vietnamese startups received $205 million in investment capital last year, a 25 per cent decline compared to 2015, according to the latest report from the Topica Founder Institute, a startup accelerator program managed by Topica Edtech Group, a popular online education provider in Southeast Asia. The number includes startups that have officially announced their establishment and those that have made no such announcement. Although the amount of capital to be invested fell, the total amount of investments in Vietnamese startups increased by 46 per cent against 2015, reaching $205 million, the highest figure to date.
