New investment to fuel VNLIFE’s continued digitization of Vietnam’s service ecosystem

HANOI, Vietnam [30] July 2021 – VNLIFE Corporation Joint Stock Company (“VNLIFE”), a leading technology company pioneering the development of Vietnam’s digital ecosystem, today announced it has raised over $250 million in a Series B funding round led by Dragoneer Investment Group and General Atlantic, with participation by PayPal Ventures and EDBI. Existing investors GIC and SoftBank Vision Fund 1 also participated in the round.

The investment is expected to accelerate the growth of VNLIFE’s existing businesses and support its development of new platforms and technologies to better serve its merchant partners and Vietnamese consumers. The company intends to use the funding to further capitalize on the vast market opportunities in an increasingly digital Vietnam by continuing to expand its sustainable, diversified and multi-disciplinary digital ecosystem.

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