Startup of 9X dropped Goldman Sachs to Vietnam invested 5.5 million USD

“Uber truck” LOGIVAN was founded by Linh Pham and announced a successful call of 5.5 million USD from famous investment funds of Asia.

Participating in this funding for LOGIVAN is David Su, Matrix Partners China founder – investment fund managing billions of dollars. Mr. David Su has experience investing in internet, mobile and high-tech companies. He and Matrix have successfully invested over 30 “unicorn” companies including Didi Chuxing, Baidu, ele.me and many other successful startups.

LOGIVAN

Sharing about the reason for funding for LOGIVAN, Mr. David Su said: “Vietnam will be the next dragon in Southeast Asia and will experience the same growth as we witnessed in the years. cross in China. Logistics costs account for 23% of Vietnam’s GDP, with 90% of trucks in Vietnam owned by individuals. With Manbang’s success, we believe that LOGIVAN has the potential to achieve similar success. ”

Co-investing with LOGIVAN this time is Indonesia’s venture capital firm that focuses on investing in high-tech companies – Alpha JWC, and other angel investors.

Earlier, in April and August 2018, the startup successfully called for $ 2.4 million from foreign investment funds led by Ethos Partners, Insignia Venture Partners and Vinacapital Ventures. After the latest round of capital call, the company mobilized 7.9 million USD.

LOGIVAN was founded by a girl born in 1993 Linh Pham in November 2017. Linh Pham graduated from Cambridge University’s natural sciences and worked at Goldman Sachs in the UK before deciding to go to Vietnam to start his career.

vantailogivan

This startup is the platform that provides services to connect small and medium-sized goods owners who need to transport goods to inter-provincial and North-South transport with a large volume of goods to the network of transport partners moving in the empty direction from 1 Forward delivery trip earlier. The company’s solution is assessed to have a 20% to 30% reduction in transportation costs compared to the traditional method.

At the end of 2018, “Uber truck” Vietnam surpassed China Pony.ai’s billion dollar startup and many other companies to win the first prize in the start-up competition in the global network of Pitch @ Palace in the UK.

With US $ 5.5 million mobilized, LOGIVAN said it will invest in data analysis and integration to increase supply chain efficiency, providing the best experience for partners and customers. The company will apply artificial intelligence (AI) to verify documents, understand and understand user needs, and make more accurate predictions about orders based on performance in history…

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