Bvnex, as the first IEO exchange in Vietnam, received a million-dollar strategic investment from PreAngel, a well-known Chinese investment institution, which indicates that Chinese investment institutions are ready to enter the Vietnamese blockchain industry.
In June of this year, Leo, the founder of PreAngel, personally went to Ho Chi Minh City to investigate the Vietnamese blockchain market. The Vietnamese core team of Bvnex exchanges accompanied the whole visit to introduce the development status and market potential of the Vietnamese blockchain industry. Leo also visited the Bvnex exchange in Vietnam. He spoke highly of Bvnex's development and said: "The Vietnamese market is like China in the former stage. The early layout will help to seize the market opportunity and bring the experience gained in China to Vietnam which will create a bright future in Vietnam."
PreAngel Fund was founded in 2011 and over time has developed a 1 billion RMB (150 million USD) portfolio, comprising 300 tech startups. Guided by the investment philosophies of “tackling social challenges with market wisdom” and “thinking outside the box and rising above adversities”, PreAngel Fund has not only prospered but also evolved into an umbrella fund that encompasses PreAngel Fund, Oh Win Capital, Shiwei Capital, Galileo Capital, etc..
Bvnex is the first IEO exchange with fiat access in Vietnam. It is founded by top blockchain talents from Vietnam, China and Europe, including technical cadreman from well-known financial institutions in the two countries; traders with extensive trading experience in stock and crypto markets; blockchain technology researchers and successful serial entrepreneurs. Bvnex's vision is to create a platform that combines primary market investment with secondary market trading.
The PreAngel’s investment to Bvnex, expressing its optimism and confidence in the Vietnamese blockchain industry and the cryptocurrency market. This is also the first time that PreAngel has invested in a Vietnamese blockchain company. PreAngel will participate in the development of Bvnex in Vietnam and bring high-quality blockchain project from China to Vietnam to jointly create a new investment channel for the primary market in Vietnam's blockchain market.
Originally published at https://medium.com/@bvnex/news-bvnex-receives-preangels-million-dollar-strategic-investment-609f89339be6 on August 28, 2019.