Updates: Base.vn has reached out to e27 to clarify that the funding by Nextrans was part of its pre-Series A funding round, instead of Series A as previously reported. We apologise for the inconvenience caused.
Base.vn, a Vietnamese Software-as-a-Service (SaaS) platform, announced that it has raised an undisclosed amount of funding from Nextrans, a Korean venture capitalist.
The funding was part of a US$1.7 million pre-Series A round the company has raised from four other VCs: Beenext, Alpha JWC Ventures, VIISA, and 500Startups.
Nextrans has more than US$400 million in fund, investing in around 60 companies that are mostly based in the US and Korea. In Vietnam, Nextrans was the investor in Luxstay, Jamja or EcoTruck.
Regarding its decision to invest in Base.vn, Nextrans said that it has reviewed 600 companies in different sectors for two years and found 10 more “enterprise-based solutions.”
Base.vn was founded in 2016 by Stanford University alumni Pham Kim Hung.
It claims to be the first SaaS platform in the region that helps enterprise streamline activities with features such as Base E-hiring (an applicant tracking system), Base Wework (a task and project management platform), and Base Request (internal request management).
“Our ultimate goal is to bring quality products that have great impact and values in enterprises’ growth. With the funding, the more important things are the values that we can generate towards our customers,” said Base Co-founder and CEO Hung Pham.
Base said it aims for international investment funds with extensive experience in SaaS to work with the company to become the leading SaaS platform in the region.
Its applications have been used daily by more than 1,000 customers in Vietnam in different industries including banking, finance, e-commerce, F&B, and education.
The company plans to raise its next round of funding –a Series A funding round– in late 2019.