Cloud-based startup CNV secures $1m seed funding from Wavemaker Partners
April 18, 2024, 9:42 pm
Vietnamese cloud-based startup CNV has hit the jackpot with a $1 million seed funding injection from Wavemaker Partners, a VC firm based in the US and Singapore. This funding comes on the heels of CNV's stellar performance in 2022 and 2023, marking a significant milestone in the company's growth trajectory.
CNV, founded in 2020 by Nguyen Tuan Phu and Do Dang Khoa, offers digital transformation SaaS products and marketing services tailored for MSMEs and enterprises in Vietnam. Their innovative Zalo mini apps have revolutionized the app-in-app experience, allowing businesses to acquire users more cost-effectively and engage them seamlessly.
With a customer base of 20,000, including multinational corporations, SMEs, and government agencies, CNV has reported impressive growth, boasting a 250% increase in revenue and customer acquisition since its inception. The company's tools, such as gamification, automation marketing, and customer data platforms, have been instrumental in driving this success.
Phu Nguyen, CNV's CEO, has set ambitious goals for the company, aiming to transform it into a no-code sales and customer care platform with the backing of Wavemaker's funding. Wavemaker Partners, in turn, is excited to support CNV's growth and help businesses in Vietnam achieve tangible results through their innovative CDP and loyalty SaaS products.
As Vietnam's business landscape evolves, with over a million active registered businesses contributing significantly to the country's GDP, CNV's expansion plans to the Philippines in 2024 signal a promising future. With a focus on driving growth and optimization for their clients, CNV is poised to make a lasting impact in the digital transformation space.
In a world where funding winters loom large, CNV's success story stands out as a testament to perseverance and innovation. With the unwavering support of investors like Wavemaker Partners, CNV is well-positioned to lead the charge in empowering businesses across Vietnam with cutting-edge technology and marketing solutions.
CNV, founded in 2020 by Nguyen Tuan Phu and Do Dang Khoa, offers digital transformation SaaS products and marketing services tailored for MSMEs and enterprises in Vietnam. Their innovative Zalo mini apps have revolutionized the app-in-app experience, allowing businesses to acquire users more cost-effectively and engage them seamlessly.
With a customer base of 20,000, including multinational corporations, SMEs, and government agencies, CNV has reported impressive growth, boasting a 250% increase in revenue and customer acquisition since its inception. The company's tools, such as gamification, automation marketing, and customer data platforms, have been instrumental in driving this success.
Phu Nguyen, CNV's CEO, has set ambitious goals for the company, aiming to transform it into a no-code sales and customer care platform with the backing of Wavemaker's funding. Wavemaker Partners, in turn, is excited to support CNV's growth and help businesses in Vietnam achieve tangible results through their innovative CDP and loyalty SaaS products.
As Vietnam's business landscape evolves, with over a million active registered businesses contributing significantly to the country's GDP, CNV's expansion plans to the Philippines in 2024 signal a promising future. With a focus on driving growth and optimization for their clients, CNV is poised to make a lasting impact in the digital transformation space.
In a world where funding winters loom large, CNV's success story stands out as a testament to perseverance and innovation. With the unwavering support of investors like Wavemaker Partners, CNV is well-positioned to lead the charge in empowering businesses across Vietnam with cutting-edge technology and marketing solutions.