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Announced

Completed

General Atlantic and Dragoneer Investment led a $250m Series B funding round in VNLIFE.

Financials

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Transaction Value£180m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Venture Capital

technology company

Vietnam

Friendly

Digital Services

Acquisition

Cross Border

Minority

Private

Completed

Synopsis

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General Atlantic and Dragoneer Investment led a $250m Series B funding round in VNLIFE, a technology company pioneering the development of Vietnam’s digital ecosystem. Additional investors include PayPal Ventures, EDBI, GIC and SoftBank Vision Fund. “The global experience and perspective they can bring to further support our growth ambitions is very exciting. Given a rapidly growing digital consumer base in the country, the additional funding will allow us to accelerate our efforts in technologically enabling our merchant partners to keep up with this change," Niraan De Silva, VNLIFE Managing Director.

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