The undisclosed amount of funding puts the company’s valuation at US$4M.
Vietnam-based travel and accommodation booking marketplace in Southeast Asia VLeisure has raised an undisclosed amount of investment led by South Korean early-stage investor BonAngels Venture Partners, as reported by Deal Street Asia. In this round, Nextrans of South Korea and VIC of Vietnam also participated.
Reportedly, this funding puts VLeisure’ valuation at US$4 million.
The funding will allow VLeisure to focus on growth acceleration in its current focus markets, as well as expansion to new ones.
VLeisure was founded in 2013 by Phan Le with a mission to provide a platform that enables agencies to manage and distribute travel products and services to online partners. To date, the company has partnered with 3,000 agencies.
For VLeisure, the next move would be providing services in Indochina Hotels targeting the Chinese and Korean markets.
BonAngels and Nextrans have history investing in Vietnamese companies. VIC Partners is a private investment group of entrepreneurs who are doing angel investing.
Vietnam’s travel sector has shown a spike in investment numbers, with Vietnamese online travel agency Vntrip.vn recent funding from Switzerland’s IHAG Holding that resulted in its valuation to go up to US$45 million.
According to a report on e27