The startups have received a seed funding, and stand to get a follow-on funding of up to US$200K when they secure a new round from other investors

Vietnam-based VIISA Accelerator has announced the graduation of three startups graduating from the fifth batch of its 4-month accelerator programme with the Investment Day.

The three startups have received a seed funding from the accelerator and benefited from its partners, such as Amazon Web Services, Google Cloud, Payoo, and the MoonLab co-working space.

The promising startups also stand to get a follow-on funding of up to US$200,000 from VIISA when they secure a new round of funding from other investors.

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Below is a sneak-peek into the five ventures:

VDES

VIDES is a one-stop-shop marketplace that connects event venues and event suppliers to customers using Big Data, Machine Learning, and Virtual Reality. The company claims customers are able to save 80 per cent time and 30 per cent cost in all booking processes and receive the best price guarantee.

SaveMoney

SaveMoney is a full-service insurance provider. It claims to offer a scalable digital insurance platform with an integrated B2C advisory process using Big data, giving the possibility to design, implement and roll-out existing and new insurance services within three months.

Loglag

Loglag provides a truck and container booking platform with Big Data, AI techniques applied. By leveraging mobile connectivity, Loglag connects drivers and fleet owners to cargos and customers in order to make the logistics and transportation industry in Vietnam more accessible.

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Hieu Vo, CFO at VIISA, said: “I am proud of what these amazing founders have overcome and developed throughout the program. In order to make these changes happen, startups in batch 5 have actively harnessed and created large, scalable networks of users and resources that can be accessed on-demand. There are real products, real technologies that generated more than 3,000 transactions within three months.

On the other hand, the network effects these startups built touches more than 500,000 people in Vietnam. With their solution and product, the startups are helping customers in reducing time and transaction costs, increase revenue by enabling externalized innovation.”

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