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Miguel Cordon · · 1 min readKKR leads Vietnamese enterprise software firm’s $45m round
Vietnam’s KiotViet, which provides software solutions for businesses, said it raised US$45 million in its latest round of funding.
More funding details
- Lead investor: KKR
- Returning investor: Jungle Ventures
- Stage: Series B
More company updates
- KiotViet said it currently provides its suite of software solutions, including its point-of-sale, inventory management, and employee management tools, to over 110,000 small and medium businesses in Vietnam.
- After recently expanding to provide business-to-business procurement services, the startup now plans to provide financial services solutions such as payments and lending to customers. (Read: A David vs. Goliath battle in Vietnam’s B2B ecommerce sector)
- KKR’s participation in the round marks its latest tech bet, coming after its injections into Indian eyewear retailer Lenskart and Japanese QR code payment gateway provider NetStars.
- KiotViet previously raised US$6 million in its 2019 series A round, which included participation from Jungle Ventures and online travel company Traveloka.
For more coverage of the company, head here. You can also click on the link below to view key details about the company, as well as its funding history.
Editing by Collin Furtado
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