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Radar · Mobile in Ho Chi Minh City

Best Mobile Companies in Ho Chi Minh City, Vietnam

The 54 best Mobile companies in Ho Chi Minh City, Vietnam in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Axie Infinity.

54companies tracked
$209.2Mdisclosed funding
2unicorns
10have raised
FLIAR INTELLIGENCE · MOBILE × HO CHI MINH CITY

Our analysis of 127 Mobile companies

$17.0b in tracked funding; 88% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2024.

127companies analysed
88%cloud-native stacks
2024funding peak (by rounds)
17unicorns
2018median founding year

Ranked: Best Mobile companies in Ho Chi Minh City

#CompanyDisclosed fundingLast roundStageFounderFoundedTech stackRecent signals
1Axie Infinity 🦄
Developer of a decentralized strategy-based gaming platform
$161M68 mo agoFunding RaisedAleksander Leonard Larsen
Co-Founder and Chief Operating Officer
2018SubstackSentryZendesk+18—
2VNG 🦄
Online games developer and cloud solutions provider
$29M88 mo agoSeries BVuong Khai
Co-Founder
2004Node.jsSalesforceTailwind CSS+122 partnerships
3Ark Rivals
Provider of a sci-fi action strategy NFT game
$4M52 mo agoFunding RaisedNghia Do
CEO
2022——
4Space Falcon
Developer of casual games
$4M53 mo agoSeries A—2011Proton MailNode.jsFirebase+13—
5Orbitau
Provider of NFT-based role-playing game
$3M52 mo agoDeadpooledMinh Nguyen
CEO
2021——
6Thetan Arena
Developer of an eSports game with blockchain technology and NFTs
$2M58 mo agoFunding RaisedHoang So
Co-Founder
2021SentryThree.jsstyled-components+13—
7Topebox
Mobile game developer & publisher studio
$2M62 mo agoSeedNghia Do
Co-Founder
2012Node.jsTailwind CSSVercel+8—
8Luna Rush
Provider of NFT-based role-playing game
$2M54 mo agoSeedNgo Thai
Co-Founder & CEO
2021——
9Zuki
Provider of NFT-based multiplayer battle arena games
$1M55 mo agoSeedDan Ngo
Co-Founder & CEO
2021Ant Designstyled-componentsReact+13—

Top 10 Mobile companies in Ho Chi Minh City

#1
Deadpooled · Ho Chi Minh City, Southeast · founded 2021
$3.3Mraised
▾

Provider of NFT-based role-playing game. It offers "Orbitau - Seven Deadly Sins", a fantasy game with role-playing and turn-based strategy gameplay where players can participate and earn rewards. The game is available for iOS and Android platforms.

Funding rounds
  • Feb 2022ICO$3.6M
  • Dec 2021Seed$3.3M
Founders & team
Minh NguyenCEO
Investors
Lavender, Coincu Ventures, DEO Network, RADA, HUB Global, NGC Ventures
#2
Series A · Ho Chi Minh City, Southeast · founded 2011 · 8 employees
$4Mraised
▾

Developer of casual games. It offers games such as Aviatrix and 2048. It develops games for PC and consoles, mobile, and is made available on playstore, app store.

Funding rounds
  • Jan 2022ICO$770K
  • Jan 2022Series A$4M
Investors
Solar Eco Fund, Momentum 6, Maven Capital Partners, Lavender, Magnus Capital, OKEx Blockdream Ventures
#3
Funding Raised · Ho Chi Minh City, Ho Chi Minh City · founded 2022
$4.2Mraised
▾

Provider of a sci-fi action strategy NFT game. Ark Rivals is a sci-fi action strategy NFT game that is fully based on user-generated content where players can create their own commanders, ships, and squadrons to attack the enemy's base for resources. The game features an epic action combat strategy and players can attack enemy Arks to free enslaved citizens and enrich resources.

Funding rounds
  • Feb 2022ICO$4.2M
Founders & team
Nghia DoCEO
#4
Funding Raised · Ho Chi Minh City, Southeast · founded 2018 · 303 employees
$161Mraised
▾

Developer of a decentralized strategy-based gaming platform. It provides users with a platform where users can buy virtual plots that can be upgraded over time using a variety of resources and crafting ingredients that can be founded when playing the game. Users can also sell the plots in the marketplace.

Funding rounds
  • Nov 2020ICO$3M
Founders & team
Aleksander Leonard LarsenCo-Founder and Chief Operating OfficerTrung NguyenCo-Founder & CEO
Investors
Ascend Vietnam Ventures, Buks Capital, KNC Ventures, B3V, AU21 Capital, Konvoy Ventures
Tech stack
Animate.CssCdnjsCloudflareCloudflare Bot ManagementCloudflare Browser InsightsCore-Js
#5
Seed · Ho Chi Minh City, Southeast · founded 2021
$1.9Mraised
▾

Provider of NFT-based role-playing game. Luna Rush is a multiplayer role-playing NFT game that lets the players engage in the combat arena in PvP mode and earn rewards in the form of NFT tokens to trade in the marketplace. The game is available for iOS and Android platforms.

Funding rounds
  • Jan 2022Seed$1.9M
  • Jan 2022ICO$2.5M
Founders & team
Ngo ThaiCo-Founder & CEO
Investors
X21 Digital, Infinity PAD, Red Hat, BlueWheels, Onebit Ventures, VeriChains
#6
Seed · Ho Chi Minh City, Southeast · founded 2021 · 14 employees
$1.4Mraised
▾

Provider of NFT-based multiplayer battle arena games. Zuki Moba is an online shooter game with simple gameplay and chibi graphics. It offers investment opportunities to players, non-replaceable, non-fungible tokens, and users can make a profit by playing the game, collecting these NFTs, and selling them on Zuki Moba Marketplace for other users.

Funding rounds
  • Nov 2021ICO$740K
  • Nov 2021Seed$1.4M
Founders & team
Dan NgoCo-Founder & CEOJayz NguyenCo-Founder
Investors
Kyber Network, Coins Group, Axia8 Ventures, Ufin, Krypital Group, Onebit Ventures
#7
Funding Raised · Ho Chi Minh City, Southeast · founded 2021
$2.4Mraised
▾

Developer of an eSports game with blockchain technology and NFTs. It allows players to form teams and earn rewards. It combines free-to-play and play-to-earn models, offering free heroes for casual play. Players can acquire NFTs to earn rewards and maximize profits. The game aims to create a stable economy with decentralized ownership of digital assets.

Funding rounds
  • Sep 2021ICO$2.4M
Founders & team
Hoang SoCo-FounderKhanh DinhCEO
Investors
K300 Ventures, GTA Ventures, CoinTV Ventures, Meta Seeds Ventures, Infinity Capital, S6k Labs
Tech stack
CloudflareCloudflare Bot ManagementCloudflare Browser InsightsCore-JsFacebook PixelGitbook
#8
Seed · Ho Chi Minh City, Southeast · founded 2012 · 57 employees
$2Mraised
▾

Topbox is a mobile game developer & publisher studio. The company specializes in developing casual games such as arcades, puzzles, action, and more. Some of the games developed by the company include Beetle.io, Thief Rivals, Sky Dancer: Free Falling, Solitaire, and more. These games are available on the iOS platform. It generates revenue through in-app purchases.

Funding rounds
  • Apr 2021Seed$1M
  • Apr 2020Seed$1M
Founders & team
Nghia DoCo-FounderEll TeeFounder & CEO
Investors
Megala Ventures, Animoca Brands, Habby
#9
VNG 🦄
Series B · Ho Chi Minh City, Southeast · founded 2004 · 3505 employees
$29Mraised
▾

Online games developer and cloud solutions provider. The company has various products such as online digital content, community links, utility software, and eCommerce. The games developed and published by the company include Gunny, Kiem The, Crossfire Legends, and more.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 288k LinkedIn followers — 99.0% of this cohort's audience
Activity: 2 partnerships (incl. MSB) announced in 12 mo
Funding rounds
  • Mar 2019Series B$29M
Founders & team
Vuong KhaiCo-FounderLe MinhFounder & CEO
Investors
Temasek, IDG Ventures Vietnam, CyberAgent Capital, Chiratae Ventures, GIC, Goldman Sachs
Tech stack
Ant DesignAosAstroCdnjsCloudflareFancybox
#10
Seed · Ho Chi Minh City, Southeast · founded 2022 · 3 employees
—raised
▾

Developer of augmented reality-based virtual pet game. It is an augmented reality mobile game that aims to bring virtual pets to the players in the virtual world.

Funding rounds
  • 2022Seed—
Founders & team
Dat LeCo-Founder & CEOQuang Minh VUCo-Founder
Investors
Antler

Funding & investor landscape

$209.2Mtotal disclosed funding
9companies funded
14disclosed rounds
0rounds last 90 days
Most active investors
AU21 Capital3 rounds
X21 Digital3 rounds
Alpha Moon Capital2 rounds
Avstar2 rounds
BD Ventures2 rounds
Epoch Ventures2 rounds
Lavender2 rounds
NextZ Ventures2 rounds
Onebit Ventures2 rounds
ThinksmartBrother Capital2 rounds

Notable founders

Minh Nguyen
CEO · Orbitau
Nghia Do
CEO · Ark Rivals
Aleksander Leonard Larsen
Co-Founder and Chief Operating Officer · Axie Infinity
Trung Nguyen
Co-Founder & CEO · Axie Infinity
Ngo Thai
Co-Founder & CEO · Luna Rush
Dan Ngo
Co-Founder & CEO · Zuki
Jayz Nguyen
Co-Founder · Zuki
Hoang So
Co-Founder · Thetan Arena
Khanh Dinh
CEO · Thetan Arena
Ell Tee
Founder & CEO · Topebox
Vuong Khai
Co-Founder · VNG
Le Minh
Founder & CEO · VNG
Prism market signals · Vietnam · country-scoped Prism corpus, 458,520 docs

Market landscape — 10 sub-themes by coverage

Share of Mobile coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · Vietnam

How research on 5G / 6G Networks is moving in Vietnam

A read on the academic research around 5G / 6G Networks — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 260 Vietnam-affiliated papers.

research sentiment over time
201420202025
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and softening — the enthusiastic (strongly-positive) share moved 43% → 37% across 2014–2025.
top research entities
  • Hanoi University of Science and Technology60
  • University of Da Nang32
  • Le Quy Don Technical University27
  • Vietnam National University Ho Chi Minh City23
  • Phenikaa University19
leading researchers
Mai T. P. Le · Hieu V. Nguyen · Oh‐Soon Shin · Trinh Van Chien · Trung Q. Duong · Ha Hoang Kha · Huy Hung Tran · Pham Viet Tuan
▲ Breakthroughs87 · 33%
▼ 43%→36% share
▼0.8× share momentum2 median citations68% since 2021mostly methods-led
Breakthroughs are cooling (43%→36% of field), led by Beamforming.
rising sub-themes (early→recent)
  • Beamforming10→39
  • MIMO7→27
  • Base station1→12
  • Telecommunications link2→11
  • Precoding1→8
Newly emergingNoma 0→9 · Pairing 0→8 · Telecommunications 0→6
Landmark Cooperative Beamforming and User Selection for Improving the Security of Relay-Aided Systems · 90 cites
◆ Advancements165 · 63%
▲ 57%→61% share
▲1.1× share momentum2 median citations60% since 2021mostly methods-led
Advancements are rising (57%→61% of field), led by Beamforming.
rising sub-themes (early→recent)
  • Beamforming3→56
  • MIMO14→36
  • Electronic engineering2→18
  • Telecommunications link2→17
  • Base station2→11
Newly emergingWireless 0→12 · Adversarial system 0→9 · Adaptive beamformer 0→9
Landmark Compact Wideband Four Element Optically Transparent MIMO Antenna for mm-Wave 5G Applications · 141 cites
▼ Concerns5 · 2%
▲ 0%→2% share
4 median citations60% since 2021mostly empirical
Concerns are rising (0%→2% of field), led by MIMO.
rising sub-themes (early→recent)
  • MIMO3
  • Antenna (radio)2
  • Beamforming2
  • 3G MIMO1
  • Reconfigurability1
Landmark Multi-Antenna Array-Based Massive MIMO for B5G/6G: State of the Art, Challenges, and Future Research Directions · 10 cites
RESEARCH HOTSPOTS · Vietnam

Where 5g 6g is researched across Vietnam

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Hanoi94 · +0.73
Hot · MIMOAdvancing · BeamformingOpportunity · Wireless
Ho Chi Minh City59 · +0.59
Hot · Overhead (engineering)Advancing · Adversarial systemOpportunity · Key (lock)
Da Nang45 · +0.72
Hot · Telecommunications linkAdvancing · PairingOpportunity · Joint (building)
Huế8 · +0.60
Hot · Transmitter power outputAdvancing · Optimization problemOpportunity · Wireless
Nha Trang8 · +0.64
Hot · RelayAdvancing · Telecommunications link

Common questions

How many Mobile companies are there in Ho Chi Minh City, Vietnam?
Radar tracks 54 indexable Mobile companies headquartered in Ho Chi Minh City, Vietnam that meet our profile-completeness bar.
What is the total funding raised by Mobile companies in Ho Chi Minh City, Vietnam?
The Mobile companies in Ho Chi Minh City, Vietnam on this list have raised a combined $209.2M in disclosed equity funding across 9 funded companies.
Which is the highest-funded Mobile company in Ho Chi Minh City, Vietnam?
Axie Infinity is the highest-funded Mobile company in Ho Chi Minh City, Vietnam, with $161M in disclosed equity funding.
How many Mobile companies in Ho Chi Minh City, Vietnam are funded?
9 of the 54 Mobile companies in Ho Chi Minh City, Vietnam on this list have disclosed at least one equity funding round.
How many Mobile unicorns are there in Ho Chi Minh City, Vietnam?
2 Mobile companies in Ho Chi Minh City, Vietnam on this list are valued at $1B or more.
Who are the top investors in Ho Chi Minh City, Vietnam Mobile companies?
The most active investors in Ho Chi Minh City, Vietnam Mobile companies on this list include AU21 Capital, X21 Digital, Alpha Moon Capital, Avstar, BD Ventures.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

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