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STARTUPS

Vietnamese proptech startup that they are in the process of negotiating with venture capital
Houze received investment of funds to supplement capital for the launch of new products
$2 million from DKRA Vietnam such as Houze Portal, Houze Super App, and Houze Finance.
on June 13. The funding will “Technology will break through geographical and human
be used to help it continue to resource constraints, bridge the gap between realtors and
expand its senior staff as well homebuyers, and professionalize the brokerage community,”
as perfect its core products. The said Mr. Pham Lam, Founder of Houze Group. Founded in
strategic cooperation with DKRA Vietnam is expected to help 2020, Houze is a multi-platform providing an ecosystem for
it take advantage of exclusive sources as well as management all real estate needs, including transactions, management,
experience in Vietnam’s real estate industry. Houze also revealed investment, and finance.

Ancient8, a Vietnamese blockchain gaming guild, announced through the Ancient8 Research
on June 9 that it had completed a private funding round of $6 portal. “In order to realize our
million led by Makers Fund and C Ventures. It will develop goal of bringing financial fairness
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infrastructure for the GameFi sector, focusing on backend and equal access to the world of
software and building a community, with a vision of training metaverse, Ancient8 is gradually
and empowering the first generation of metaverse citizens on building the infrastructure for
the blockchain platform. It will also provide grants and scholarships GameFi and metaverse to
to help the community access games that require high participation empower each community member through blockchain,” said
costs, as well as training courses and in-depth game analysis Mr. Howard Xu, Co-Founder of Ancient8.

On June 7, the Vietnam Inno- distribution problems in the real estate market through a
vative Startup Accelerator network of brokers around Vietnam and the world. “The
(VIISA) announced it had technologies that proptech uses help to make the real estate
invested an undisclosed sum market more transparent and efficient, and help users
in the MGI Real Estate Tech- experience related activities in the real estate sector with just
nology Joint Stock Company one click,” said Mr. Tran Ngoc Anh, President of MGi Proptech.
(MGi Proptech) and launched With a modern technology platform, MGi offers outstanding
the MGi platform for real estate brokerage. In Vietnam, MGi features, such as quick search, real estate suggestions, filtering
Proptech provides a tech platform for real estate brokers, on demand, adding to stock, online home viewing, sales form
connects the community, and develops an ecosystem to resolve documents, chats with brokers, and so on.

VMeta, a Vietnamese startup issuing Non-Fungible Tokens can prove their book is real and
(NFTs), received $50,000 from “Shark” Do Thi Kim Lien on the these NFTs cannot be copied.
Shark Tank Vietnam TV program on June 16. VMeta will use VMeta aims to help artists, cre-
the new capital to further develop its NFT technology to serve ators, and celebrities in Vietnam
customers. According to the two co-founders, Mr. Nguyen Le release their works as NFTs.
Vuong and Mr. Truong Thanh Dat, there are currently many Through that, VMeta wants to
fake books on the market, making it difficult for owners to prove build a collection of culture and
their book is real. NFT has been evolving over the years, and the art to spread the cultural and artistic values of Vietnam to
technology makes it possible to create unique and irreplaceable friends around the world. The company also wants to provide a
pieces of tokens. By attaching these snippets to products, owners source of income to artists.

On June 15, the Ministry of in the field of virtual reality technology. According to Mr.
Science and Technology Pham Hong Quat, Director of the Department of Market
(MoST) cooperated with the Development and Science and Technology Enterprises at
Da Nang Department of Sci- MoST, many other innovative startup centers around the
ence and Technology to launch world are familiar with the metaverse but this is the first
the Metaverse Village within time the phrase has appeared on the map of Vietnam’s inno-
the framework of TECHFEST vation startup ecosystem. Therefore, Metaverse Village will
Viet Nam 2022. Metaverse Village will become a national connect Vietnamese startups with the world and access the
gateway for managers, researchers, experts, corporations, latest technology platforms, catch up with global technology
investment funds, startup support organizations, and domestic trends, and create new values in the field of virtual reality
and foreign organizations and individuals to support startups technology in Vietnam.

www.en.vneconomy.vn JULY 2022 | VIETNAM ECONOMIC TIMES | 39