• SEA VC TheVentures backed Vietnam’s Box Vietnam gaming and streaming platform.
• TheVentures aims to capitalize on Vietnam’s sophisticated digital demand for multiplayer entertainment.
• Injecting funds to grow its 460k user base by expanding creator network and tech.
Summary
VC funding for Box Vietnam
Vietnam’s vibrant gaming and streaming arena netted fresh funding this week as SEA VC TheVentures backed social media upstart Box Vietnam.
The rise of undisclosed value rides surging interest in multiplayer entertainment and esports across Vietnam, where 18 million digitally-native sports fans drive to play.
Founded in 2018, Box Vietnam runs an influencer talent network, a gaming-centric live-streaming platform and a professional esports squad management service.
Integrated Entertainment Hub
Its fused offering engages over 460,000 monthly active users – a share TheVentures wants to grow by injecting tech enhancements and creator network expansion.
The Seoul and Silicon Valley firm aims to replicate the $200 million success of Rakuten-acquired streaming phenomenon Viki through its thesis of identifying breakout media models in SEA.
“Similar to AfreecaTV in Korea, the younger generation in Vietnam also wants new media to meet changing needs in the multimedia area,” said TheVentures.
Exploiting SEA’s Media Models
Box Vietnam’s one-stop platform for multiplayer entertainment, from streaming to tournaments, looks positioned to capitalize on Vietnam’s increasingly sophisticated digital content demand.
With TheVentures’ undisclosed capital and experience boosting user-generated media ventures, Box Vietnam can now scale its social gaming ecosystem to pole position.
The funding signifies bullishness around the staying power of interactive entertainment spanning casual gaming, esports and beyond in post-pandemic SEA.
SEA investor pumps an undisclosed amount into social entertainment platform engaging 18M esports fans
