About Do Ventures
Do Ventures is a venture capital firm founded in 2020. It is primarily based out of Ho Chi Minh City, Vietnam. As of Jan 2025, Do Ventures has invested in 23 companies. It primarily invests in Seed round in Vietnam based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Retail and EdTech. Most recently it participated in the $***** Series B round of Allra A lot of funds co-invest with Do Ventures, with names like CyberAgent Capital sharing a substantial percentage of its portfolio. Do Ventures has team of 11 people including 2 partners.Do Ventures' List of Top Investments
Do Ventures has a portfolio of 23 companies. Their most notable investments are in CoolMate and METUB.Their portfolio spans across Vietnam, Singapore, South Korea and 2 more locations. They have invested in Enterprise Applications, Retail, EdTech and 13 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Do Ventures:
1. CoolMate
Online retailer of apparel, underwear, sportswear, and accessories for men and women. It provides a range of clothing items, including t-shirts, polo shirts, long-sleeved shirts, hoodies, sweaters, jackets, and pants. The company also offers underwear such as briefs, trunks, boxer briefs, and long legs, alongside accessories. The retailer provides sportswear for various activities, including running, gym workouts, and general fitness.
Key facts about CoolMate
- Founded Year: 2018
- Location: Hanoi (Vietnam)
- Stage: Series C
- Total Funding till date: $11.9M
- Employee Count: 137 as on Aug 31, 2026
- Investors: CyberAgent Capital, Vertex Growth and 14 Others
- Latest Funding Round: Series C, Nov 03, 2025, $*****
- Highlight: Editors' Pick
2. Ringle
Online platform providing English language learning solutions. The platform offers its solutions for both students as well as tutors. The platform enables students to learn English from tutors whereas tutors to register for teaching English.
Key facts about Ringle
- Founded Year: 2015
- Location: Seoul (South Korea)
- Stage: Series A
- Total Funding till date: $26.9M
- Employee Count: 899 as on Aug 31, 2026
- Investors: Nextrans, Must Asset Management and 5 Others
- Latest Funding Round: Series A, Mar 21, 2022, $*****
- Highlight: Editors' Pick
Provider of digital lending platforms for small and medium enterprises. The firm facilitates access to credit for businesses through invoice financing and vendor financing programs. These financial services aim to address capital needs by connecting borrowers with institutional funding sources. The platform utilizes credit risk algorithms to assess loan eligibility for corporate entities.
Key facts about Validus Group
- Founded Year: 2015
- Location: Singapore (Singapore)
- Annual Revenue: SGD 10M - 50M as on Dec 31, 2024
- Stage: Series D
- Total Funding till date: $138M
- Employee Count: 172 as on Jun 30, 2026
- Investors: Khazanah Nasional Berhad, Vertex Growth and 74 Others
- Latest Funding Round: Series D, Dec 11, 2025, $*****
4. Vuihoc.vn
App-based platform offering online courses for school students. The platform offers courses in math, English, Vietnamese, and more. Additionally, it provides interactive live sessions, test sets, and more. Its app is available for Android and iOS devices.
Key facts about Vuihoc.vn
- Founded Year: 2019
- Location: Hanoi (Vietnam)
- Stage: Series A
- Total Funding till date: $8M
- Employee Count: 228 as on Aug 31, 2026
- Investors: Innoven Capital, BAce Capital and 8 Others
- Latest Funding Round: Series A, Apr 01, 2024, $*****
- Highlight: Editors' Pick
5. MFast
Provider of automated sales and commission payment platform for insurance and financial products. The commissions are automatically matched and paid upon successful sales. The mobile application is available for Android and iOS platforms.
Key facts about MFast
- Founded Year: 2017
- Location: Ho Chi Minh City (Vietnam)
- Stage: Series A
- Total Funding till date: $10M
- Employee Count: 81 as on Aug 31, 2026
- Investors: JAFCO Asia, Canopus Advisors and 5 Others
- Latest Funding Round: Series A, Aug 29, 2023, $*****
- Highlight: Editors' Pick
Do Ventures' Year-on-Year Investment Trends
Do Ventures has invested in 23 companies over the last 6 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in Allra and most recent follow-on round was in MFast.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 1 | 0 | 1 |
2023 | 2 | 1 | 3 |
2022 | 9 | 2 | 11 |
2021 | 4 | 0 | 4 |
2020 | 1 | 0 | 1 |
Do Ventures' Investments by Stage
Do Ventures has made 10 investments in Seed stage with an average round size of $3.81M, 6 investments in Series A stage with an average round size of $5.44M and 2 investments in Series B stage with an average round size of $17M.Stage of entry | No. of Investments |
|---|---|
Seed | 10 |
Series A | 6 |
Series B | 2 |
Note: We have considered here, only first round of investments
Do Ventures' Investments by Sector
Do Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Consumer, EdTech and Retail. Notably, it has invested in 22 Tech companies, 14 Enterprise (B2B) companies, 11 Software companies and at least 9 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
FinTech | 5 |
Consumer | 4 |
EdTech | 4 |
Retail | 4 |
Others | 16 |
Note: We have considered here, only first round of investments
Do Ventures' Investments by Geography
Do Ventures has made most investments in Vietnam (10), followed by Singapore where it has made 3 investments.Country | No. of Investments |
|---|---|
Vietnam | 10 |
Singapore | 3 |
South Korea | 3 |
Philippines | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Do Ventures' recent investments
Do Ventures has not made any investment in 2026 so far.Here are the most recent investments by Do Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 24, 2025 | South Korea | Series B | 2789 | [+1] | |
Dec 12, 2024 | South Korea | Series A | 6654 | ||
Aug 29, 2023 | Vietnam | Series A | 3856 | [+4] | |
2023 | Vietnam | Series A | 1154 | ||
Mar 29, 2023 | Philippines | Seed | 5829 | [+9] |
Team profile of Do Ventures
Do Ventures has a team of 11 members including 2 Partners, 1 Venture Partner and 3 Principals located in Vietnam and United States. Do Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Do Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Vietnam | - | ||
Partner | Vietnam | - | ||
Venture Partner | San Jose | - | ||
Principal | Vietnam | - | ||
Principal | Hanoi | - | - | |
Principal | Ho Chi Minh City | - | - |
Co-investors of Do Ventures
Over the past 6 years, 84 investors have co-invested in Do Ventures's portfolio companies. This includes funds and angels.
- Invested before Do Ventures: 500 Global, STIC Ventures and 22 others have invested in rounds before Do Ventures. There are 3 companies where 500 Global has invested before Do Ventures and 2 companies where STIC Ventures has invested before Do Ventures.
- Top Co-investors of Do Ventures: 34 investors entered a company along with Do Ventures. These include investors like CyberAgent Capital (2 companies).
- Invested after Do Ventures: A total of 26 investors have invested in Do Ventures's portfolio after their investments. Top Investors include Vertex Ventures (1 company), Kairous Capital (1 company) and GSR Ventures (1 company).
Recent News related to Do Ventures
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Specter Enhances Global Talent Verification with $8.4 Million in Total Funding
Wowtale•Dec 13, 2024•Specter, Do Ventures, Storm Ventures
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METUB secures $15.5 million from Morgan Stanley-managed fund to bolster creative economyVietnam Investment Review•Jul 10, 2024•METUB, Morgan Stanley, Bangkok Bank, Vertex Ventures and 1 other
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MFast raises Series A funds to expand nationwide, multiple China and SEA deals, and moreKrASIA•Aug 30, 2023•MFast, Wavemaker Partners, Krungsri Finnovate, Do Ventures and 2 others
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Wavemaker leads $6m round for Vietnamese fintech firm MFastTech in Asia•Aug 29, 2023•MFast, Wavemaker Partners, Krungsri Finnovate, Headline and 3 others
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Vietnamese edtech startup Vuihoc secures $6 million in funding round led by TNB AuraVietnam Investment Review•Jul 15, 2023•Vuihoc.vn, TNB Aura, TKG, Do Ventures and 2 others
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Filipino fintech Advance secures $16M in a pre-Series A funding led by Do Ventures, LendableTechNode•Mar 29, 2023•Advance, Do Ventures, Lendable, Phoenix Group and 9 others
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Vietnam’s grocery platform Cooky bags $4.5m from Nextrans, Do VenturesShareandstocks•Nov 28, 2022•Cooky, Nextrans, Do Ventures, Nextrans and 1 other
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Hybrid work technology startup FlexOS secures US$1M in Do Ventures-led rounde27•Sep 15, 2022•FlexOS, Do Ventures, VIK Partners, Vulpes Ventures and 3 others
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DSG Consumer Partners leads seed investment in SG healthcare startup Moom HealthShareandstocks•Sep 05, 2022•Moom Health, DSG Consumer Partners, Nuguru Wellness Solutions, CoolMate and 5 others
