VinaCapital backs livestreaming firm Gostream to supercharge Southeast Asia’s live-commerce market

VinaCapital Ventures, a USD 100 million Vietnam-focused venture capital platform, has made a seven-digit investment in Gostream, a Vietnamese startup that enables streamers to livestream on multiple platforms at the same time, the firms announced in a press statement on January 16.

“With the new capital, we will focus on adding additional personnel to continue researching and developing new products, and to increase marketing and advertising budgets in existing markets in Southeast Asia, including Vietnam, Thailand, the Philippines, Indonesia, and India,” Pham Liem, co-founder and chief growth officer of GoStream told KrASIA.

“We will implement marketing and advertising [plans] in the US and Europe in 2022 too,” he added.

Founded in 2017, GoStream allows streamers to go live on different platforms simultaneously including Facebook, YouTube, Twitter, Shopee Live, Lazada Live,…