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Advices from Business Owners, for Business Owners
We advise on comprehensive funding solutions for business owners — across debt and equity capital raising, M&A transactions, and strategic partnerships. With deep local insights and a proven track record of executing billion-dollar cross-border deals, we will guide you through every stage of the transaction. As business owners ourselves, our practical, 360-degree advice goes far beyond what’s typically available in the market.
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The Hands-on, Battle-tested Partner of Founder
We invest directly in founder-led businesses, supporting you in scaling up to become a more structured and investable company. Our investment approach goes beyond capital injection — we take an active, hands-on role. Our experienced team works closely with you to address both daily operation issues and strategic challenges to unlock bottle-neck to achieve phenomenal growth.
WHO WE ARE
Koru Capital is a boutique investment banking and family office investment firm based in Vietnam, led by a team of seasoned professionals, each one with over 10+ years of experience in M&A, capital market and investment
Comprehensive fundraising & INVESTMENT solutions
For Fundraising company:
- Diverse fundraising structures (debt financing, equity sales, business partnerships, etc)
- Assisting clients through every stage of the transaction process, from target identification and due diligence to deal structuring and post-transaction integration
For Investor: Deal sourcing & commercial due diligence
INVESTMENT IN SMALL & MEDIUM-SIZED ENTERPRISES
Investment mandate:
- Investing in SMEs with high growth potential
- Koru Capital nominates experienced management professionals to support the business we invest in
ADVISORY
Recent Transactions
Sep 2023
Advised the fundraising round of
Nov 2023
Advised the fundraising round of Hasaki from Alibaba
Jan 2024
Advised the fundraising round of the leading media group in Vietnam
Jan 2024
Advised a plastic packaging company in its divestment to a Japanese investor
May 2024
Advised an ELT school with 60 schools across Vietnam in its divestment
Jun 2024
Advised the leading creator economy platform in its Series B fundraising
Jan 2024
Advised M Village in its fundraising round from Trip.com
Jun 2024
Advised a fintech company in their divestment of 100% stake to strategic investor
Apr 2025
Advised a F&B company in its Series A fundraising from a regional private equity
Jun 2025
Advised a real estate developer in a joint venture development in Quang Ninh
iNVESTMENT
Our Investees
- Founded in 2018, Maycha is the leading company in mass milk tea.
- Focus on continuous product innovations while delivering 100% quality consistency
100% owned store
- Founded in 2019, Blackstones is the leading company in mid
to high-end funeral service provider in Vietnam - Focus on comprehensive and premium afterlife care solutions
Allison Nguyen
Chairman
Khoi Nguyen
CEO
Hung Phan
Director
Anh Le
Director
Vu Ton
Director
Linh Vu
Legal Director
Khanh Nguyen
Senior Manager
Anh Pham
Manager
News
Capital, Valuation, and Conviction: Koru at the UEH CEO Program
It was a privilege to take part in the UEH CEO Program, where our co-founders Anh Le and Khoi Nguyen shared the fundamentals of capital raising and valuation with Vietnam's current and emerging generations of business leaders. The conversations spanned different rooms...
Positioning the VIFC: Koru Capital at the Vietnam International Financial Centre Symposium 2026
The moment: Koru co-founder Khoi Nguyen joined the panel on the positioning of the VIFC at the Vietnam International Financial Centre Symposium 2026, held in HCMC on 29 May 2026 as part of Vietnam ADR Week 2026 (VAW), moderated by A&O Shearman's Duc Tran. The...
Koru Capital at VIPC Summit 2026: Moderating Vietnam’s Global Founders on the National Stage
In brief: On 28 May 2026 in Ho Chi Minh City, Koru Capital Co-Founder Nguyen Manh Khoi moderated the panel "Vietnam's Global Founders — Capital, Talent, and the Rise of Cross-Border Champions" at the Vietnam Innovation and Private Capital Summit 2026 (VIPC Summit...
Koru Capital at Axel’s Healthcare Economics Masterclass
We’re glad to have our CEO Khoi Nguyen to attend as a Guest Speaker at Axel’s Healthcare Economics Masterclass. Stay tune for insights regarding healthcare economics and M&A insights in healthcare
Insights
Vietnam’s Jewelry Market Is a US$4.3bn Opportunity and Most Investors Are Asleep On It
The scale: Vietnam's jewelry market is worth ~US$4.3bn — about 75% of the country's total dairy market and roughly 1.5× its beauty & personal care market. The tailwind: ~5% CAGR through 2030, underpinned by household income rising from ~US$5,200 to ~US$6,900 per...
Koru Market Signals | M&A Investor Briefing Aug–Oct 2025
Deal flow stays modest (–35% vs. 2021 peak and –18% vs. YTD 2024) — but new investment themes are clearly forming on the back of policy shifts 🔑 Key Transactions IFC invested in Dai Dung Metallic Manufacture (DCC) Viet Thai International acquired Paris Baguette...
Mixue’s Acquisition of Fulujia: Diversifying Beyond a Saturated Market
Why did a milk tea giant like Mixue buy a beer chain? On 30 Sep 2025, Mixue announced that it will acquire Fulujia Fresh Beer, China’s largest freshly tapped beer chain with ~1,200 outlets across 28 provinces. Founded in 2021, Fulujia pioneered the “fresh beer to-go” concept, selling chilled draft beer in takeaway cups priced at only $8–$1.4 per 500 ml.
