In brief: Alpha JWC Ventures makes first investment in Vietnam

Indonesian fund Alpha JWC Ventures has commenced its entry into Vietnamese startup scene through a pre-series A funding for Base.vn, a software-as-a-service company. The funding of US$1.3 million is Base.vn’s second investment round. This round was co-led by Alpha JWC Ventures and Beenext. The company’s previous backers 500 Startups and VIISA also joined in. Alpha JWC Ventures claims this is the biggest ever funding round raised by a B2B tech company in Vietnam.

Base.vn helps enterprises streamline management and operation activities such as hiring, payroll, task management, team collaboration, and approval management.

Source: press release