CirCO has 500 members across two locations in Ho Chi Minh City

CirCO, a Vietnamese co-working space based in Ho Chi Minh City, announced today it has raised an undisclosed seed funding round to fuel its expansion.

East Ventures, an early-stage investment firm in Japan and Southeast Asia, financed the round.

The investment will also be used to build the CirCo brand and improve its services.

CirCo was founded in late-2016 and it targets SMEs and startups along with foreign firms entering the market. The company is a fairly standard co-working space, offering a hot desk service, private offices, event spaces and meeting rooms.

The company has about 500 members and says it can handle startups with upwards of 50 employees. Tenants typically come from the e-commerce, marketing, recruitment, fashion, food & beverage, blockchain and
cryptocurrency industries.

“Entrepreneurs look for a place, where they can do more than just work; they want a supportive and collaborative community that they can grow with and learn from. CirCo has exemplified those key elements through its 500+ growing members, 100+ annual events with around 10,000 attendees,” said William Cuaca, a Managing Partner at East Ventures in a statement.

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The co-working space also boats partnerships with Amazon Web Services, Deloitte, and UOB Bank.

Linh Hoang, the Cofounder and CEO of CirCO​ pointed to a growing startup scene in Vietnam as evidence that the Co-working industry is set for growth in the near future.

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CirCo’s competition will come from Toong, a Co-working space that has been operating for a few years and recently expanded into Laos.

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