Every Half Secures $8M Series A To Expand Vietnam Specialty Coffee Brand
Vietnamese specialty coffee chain Every Half Coffee Roasters has raised US$8 million in a Series A funding round from existing investors Openspace Capital and DSG Consumer Partners. The fresh capital will support the company's domestic expansion, strengthen its vertically integrated supply chain, and accelerate the development of packaged coffee products and distribution channels.
Founded in 2021, Every Half has expanded its network from 14 to 36 stores over the past year across Ho Chi Minh City, Hanoi, Da Nang, and Hoi An. Beyond growing its café footprint, the company is investing across the coffee value chain, including coffee farming, proprietary fermentation technology, e-commerce, and business-to-business distribution, while expanding the international reach of its packaged products through Amazon and regional export markets.
The funding reflects growing investor confidence in premium consumer brands with scalable, vertically integrated business models. As Vietnamese specialty coffee gains greater international recognition, investors are increasingly backing companies that can create higher-value products, strengthen long-term competitiveness, and expand beyond the domestic market.
Vietnam's Startup Funding Tilts Toward Late-Stage Companies
Vietnam's startup investment landscape is becoming increasingly concentrated in later-stage companies, leaving early-stage ventures facing persistent funding challenges. At the Restructuring Capital Channels seminar in Hanoi, Thien Viet Securities (TVS) said venture capital investment reached US$509 million across 104 deals in 2025, while private investment nearly doubled to US$4.5 billion, driven largely by major private equity transactions.
The firm noted that investors are writing larger cheques for fewer companies, with the 10 largest deals accounting for about 72% of total investment value. This shift reflects a more selective investment environment, as capital increasingly flows to startups with proven traction rather than earlier-stage businesses.
Despite an active startup pipeline, funding remains limited between the seed and Series A stages, while exit opportunities continue to trail more mature markets. According to TVS, delayed exits and limited liquidity in the secondary market have slowed capital recycling, making investors more cautious about backing new startups. The report suggests that strengthening M&A activity, expanding secondary markets, and diversifying financing channels will be key to improving capital circulation and supporting long-term innovation.
Vietnam Proposes Loosening IPO Rules for High-Growth Startups
Vietnam's Ministry of Science and Technology (MOST) has proposed removing the profitability requirement for innovative startups seeking to go public, arguing that traditional listing criteria do not reflect the growth trajectory of technology companies. Submitted as part of proposed amendments to the Law on Securities, the proposal would allow startups to be assessed using alternative indicators such as revenue growth, R&D investment, company valuation, and backing from venture capital funds.
According to MOST, many technology startups spend their early years investing heavily in research and development, product innovation, and customer acquisition, making profitability an unsuitable benchmark at this stage. The proposal is expected to create more fundraising and exit opportunities for high-growth technology companies while supporting the development of Vietnam's innovation ecosystem.
The Ministry of Finance supports expanding capital market access for innovative businesses but stressed that investor protection and market quality must remain priorities. The ministry is also studying the possibility of establishing a dedicated capital market mechanism and a specialised trading platform for startups.
Dien May Xanh Targets HoSE Debut at US$3.9 Billion Valuation
Dien May Xanh (DMX), the electronics retail arm of Mobile World Investment Corp. (MWG), has applied to list nearly 1.27 billion shares on the Ho Chi Minh City Stock Exchange (HoSE). The company is expected to begin trading in August with an estimated market capitalisation of more than US$3.9 billion, following a US$505 million IPO in which over 93% of the offered shares were subscribed.
The planned listing comes as DMX continues to post strong business performance. In the first half of 2026, the company recorded consolidated revenue of VND65.3 trillion, up 31% year over year, driven by growth across its core retail brands, including Dien May Xanh, TopZone, and The Gioi Di Dong.
The transaction also underscores the growing role of Vietnam's public capital market as a fundraising and exit channel for high-growth companies. As more large businesses access the stock market, successful listings are expected to strengthen investor confidence, improve market liquidity, and create a more supportive capital ecosystem for growth-stage enterprises.
Genesia Ventures is an early-stage venture capital firm operating in Japan and Southeast Asia, with a strong belief in the long-term potential of Vietnam’s digital economy. Beyond providing capital, the fund actively supports startups through strategic guidance and connections to a broader regional network.