ScaleUP Receives Seed Investment from Nextrans Fund

ScaleUP, a provider of breakthrough multi-channel sales solutions for e-commerce, has just announced that it has received seed funding from Nextrans Investment Fund (Korea).

The amount of capital is not disclosed, but this is the round where startups need capital to develop their business ideas. Behind these funding rounds are usually angel investors, fixed funds or incubators, startup accelerator programs. Usually, the investment amount in this round ranges from a minimum of 100,000 USD - 1 million USD.

Established in 2023 by a team of experienced people in the large-scale retail and e-commerce industry in Vietnam, ScaleUP is a provider of Scale-as-a Service solutions, also known as Growth-as-a Service (Growth as a Service) in the Vietnamese market.

Specifically, while many e-commerce sales solutions only provide a platform, businesses have to train and operate, ScaleUp's solution is a complete package. Businesses can use it almost immediately.

ScaleUp's target customers are businesses and retail brands in the fields of fashion , fast-moving consumer goods, cosmetics... to help them exploit the full potential of multi-channel sales and achieve outstanding revenue growth. The company focuses on increasing profits and sustainability of multi-channel sales for customer businesses.

The company provides services and technology solutions to help businesses and retail brands in the fields of fashion, fast-moving consumer goods, cosmetics, etc. exploit the full potential of multi-channel sales and achieve outstanding revenue growth.

Specifically, ScaleUP will help businesses manage sales on multiple online platforms in conjunction with their existing physical store systems. The company focuses on the profitability and sustainability of multi-channel sales for its clients.

Mr. Nguyen Quoc Tuan, Founder of ScaleUP, retail businesses must invest heavily in systems and human resources to develop effective multi-channel. That is ScaleUP's opportunity when the company provides synchronous multi-channel sales solutions with flexible investment costs according to business needs.

Before founding ScaleUP, Mr. Tuan had more than 10 years of experience in executive roles at popular multi-channel fashion retail organizations in Vietnam such as Juno and Hoang Phuc International.

Before founding ScaleUP, Mr. Tuan had more than 10 years of executive experience in popular multi-channel fashion retail organizations in Vietnam such as Juno and Hoang Phuc International.

According to Mr. Tuan, most Vietnamese founders are very good at developing products, building brands and developing sales on traditional channels (usually offline).

When online development requires investment in technology, human resources, complex operations... businesses are often confused and caught up in ineffective growth methods such as investing too much in advertising, not being able to evaluate the effectiveness when cooperating with many e-commerce platforms. In particular, current service providers in the market are often only interested in running sales and not interested in the final business efficiency of customers.

“Developing multi-channel sales for businesses is definitely a must, but doing it effectively and sustainably is what our solution is aiming for,” said Mr. Tuan.

Nextrans Investment Fund has supported more than 100 startups around the world since 2004 and started investing in Vietnamese startups since 2015. Up to now, the fund has had about more than 100 investments in Vietnamese startups, each investment is at least 50,000 USD, maximum is 1.5 million USD. The fund has invested in startups such as Base.vn, Cooky.vn Vuihoc, Azota...

The fund often focuses on finding startups with high growth technology factors, reflected in a diverse investment portfolio, including edtech (educational technology), proptech (real estate technology), medtech (medical technology), SaaS (software application service distribution), OTA (online travel agency), logistics...

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