Along with the investment, Mr. Peter Ryder – founder and CEO of Indochina Capital and Mr. Doan Viet Dai Tu, co-founder of Openasia Group will join Toong’s Board of Directors.
On 19th June, Indochina Capital completed investment procedures and became one of the main shareholders of Toong. Along with the capital investment, Mr. Peter Ryder, founder and CEO of Indochina Capital and Mr. Doan Viet Dai Tu, co-founder of Openasia Group will join hands with Duong Do, founder and CEO of Toong on the company’s Board of Directors.
Sharing about this event, Mr. Peter Ryder – Managing Director of Indochina Capital – said that Indochina Capital was very interested in the Toong brand. He also believes that the intersection of three elements: technology, education, and work environment, will help both brands create a unique, iconic space and contribute to the development of Vietnamese entrepreneurial intellectual culture.
This partnership not only helps Toong expand its network and market-leading potential but also supports Indochina Capital’s life-style tectonic segment.
Established in August 2015, Toong is a pioneer in building a large-scale professional workspace chain in Vietnam and creating a wave of co-working space development in Vietnam. After 7 months in operation, Toong successfully raised capital for “series A” and built its network covering three key cities of Vietnam with more than 6,000 square meters and a total of 5 locations.
In early 2017, Capitaland, one of Asia’s largest real estate developers, announced that it had signed a strategic relationship agreement, in which Toong was the only strategic partner in developing a series of properties for co-working space in Vietnam.