Velocity Ventures Vietnam
Up Coworking Space, #20 - 7Fl 01 Luong Yen, Hanoi, Vietnam
Overview
Velocity Ventures Vietnam (’VVV’) is a home-grown venture capital firm that targets seed to series A investment in Vietnam. They are a big believer in the Sharing Economy and Blockchain. They intend to invest in Marketplace types of business at a platform level.At VVV tehy believe in helping founders get the first ‘corner’ done right, meaning we pull in the financial and non-financial resources to get their portfolio companies into the top racers, skipping second, and third VC rounds and accelerating to PE rounds.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- Kamereo
Led · Seed · Jan 2019
Kamereo is an online marketplace that enables farmers and food and beverage businesses to trade and source fresh supplies. The company is led by CEO and Founder Taku Tanaka. Its platform aims to help users optimize purchasing and sourcing processes. Kamereo raised $2.1M in funding to support its growth. The company plans to use the proceeds to expand operations and broaden its business reach across Vietnam and abroad. Its immediate international expansion target is Cambodia. Kamereo is a B2B platform with its own warehouse and last-mile delivery network that negotiates with suppliers, processes orders, and fulfills deliveries for restaurants and other F&B businesses. Founded in 2018 and based in Ho Chi Minh City, it works with about 15 farmers and serves more than 400 active customers, from family-owned restaurants to chains. The company has about 100 employees and reports 15% month-over-month growth over the last 12 months despite COVID-19 disruptions. Most last-mile deliveries are done by motorbikes; Kamereo operates its own logistics because it says this is cheaper than third-party providers and plans to expand a micro-warehouse network in Ho Chi Minh City to reduce travel distances. Its tech team is building an internal warehouse management, inventory, fulfillment, and last-mile delivery system aimed at minimizing variable costs. The newly raised capital will be used for hiring, building a new warehouse management system, user interface upgrades, and expansion into Hanoi next year. KAMEREO operates a B2B purchasing and sourcing platform that connects restaurants with suppliers in Vietnam. The company focuses on simplifying purchasing and sourcing workflows for restaurant customers. According to an official statement, KAMEREO raised $500,000 in a seed round. The seed funding came from Japan’s Genesia Ventures and homegrown VC Velocity Ventures Vietnam (VVV). The article did not disclose operating metrics, prior funding rounds, or a founding year. No specific product road map or future plans were detailed in the article.
Team
No current team members are available.