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Radar · Mobile in Vietnam

Best Mobile Companies in Vietnam

The 125 best Mobile companies in Vietnam in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Axie Infinity.

125companies tracked
$237Mdisclosed funding
2unicorns
25have raised

Vietnam's Mobile sector has 125 companies tracked here, ranked by disclosed equity funding and recent momentum, with $237M in total capital on the books. One number does most of the talking: Axie Infinity pulled in $161M of that alone, leaving the rest of the field splitting the balance. Two unicorns have emerged from the cohort, and investors like X21 Digital, Epoch Ventures, and Infinity Capital are keeping the pipeline active. The global market these companies are swimming in sits at roughly $9.0B in 2025 and is forecast to reach $24.1B by 2033, a 13.12% CAGR that reflects accelerating smartphone penetration and 5G rollout across Southeast Asia.

So what should you watch right now? Digital banking is threading into mobile infrastructure faster than most expected, and soundwave-based mobile payments signal how far fintech and mobile are converging at the hardware layer. Flagship pricing and OS competition are heating up the consumer side simultaneously. I'd flag that regulatory friction around digital payments could reshape which Vietnam-based players scale fastest. Space Falcon at $4M and Ark Rivals at $4M are modest by global standards, but the funding momentum tells you the infrastructure for the next breakout is already being laid.

Sources & further reading
  • Mobile penetration in 2nd world to hit 95% by 2013
FLIAR INTELLIGENCE · MOBILE × VIETNAM

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 Vietnam

#CompanyDisclosed fundingLast roundStageFounderTech stackWeb popularityRecent signals
1Axie Infinity 🦄
Developer of a decentralized strategy-based gaming platform
$161M67 mo agoFunding RaisedAleksander Leonard Larsen
Co-Founder and Chief Operating Officer
SubstackSentryZendesk+18Top 1M—
2VNG 🦄
Online games developer and cloud solutions provider
$29M87 mo agoSeries BVuong Khai
Co-Founder
Node.jsSalesforceTailwind CSS+12Top 1M2 partnerships
3Ark Rivals
Provider of a sci-fi action strategy NFT game
$4M51 mo agoFunding RaisedNghia Do
CEO
———
4Space Falcon
Developer of casual games
$4M52 mo agoSeries A—Proton MailNode.jsFirebase+13Top 50M—
5Metastrike
Official website of RPG shooting game
$3M44 mo agoSeedSon Nguyen
Co-Founder
BootstrapReactReact Router+8Top 50M—
6Orbitau
Provider of NFT-based role-playing game
$3M51 mo agoDeadpooledMinh Nguyen
CEO
———
7Summoners Arena
Provider of play-to-earn role-playing game for mobile devices
$3M52 mo agoSeedManh Tran
Founder
PIXIjsBootstrapAlpine.js+13Top 50M—
8RaceFi
Provider of an AI and blockchain-based fantasy car racing platform
$3M54 mo agoSeed————
9Pegaxy
Provider of blockchain-based play to earn horse racing game
$3M55 mo agoFunding RaisedSteve Nguyen
Co-Founder & CTO
Node.jsTypeScriptGraphQL+16Top 10M—
10Poco
Online game-based marketplace for NFTs
$3M57 mo agoFunding RaisedCharlotte Nguyen
Co-Founder
———
11Thetan Arena
Developer of an eSports game with blockchain technology and NFTs
$2M57 mo agoFunding RaisedHoang So
Co-Founder
SentryThree.jsstyled-components+13Top 5M—
12Himo World
Provider of NFT-based battle game
$2M52 mo agoFunding RaisedQuan Vu
Co-Founder & CTO
———
13Topebox
Mobile game developer & publisher studio
$2M61 mo agoSeedNghia Do
Co-Founder
Node.jsTailwind CSSVercel+8Top 50M—
14HowlCity
Developer of a metaverse game based on blockchain technology
$2M55 mo agoFunding RaisedBui Cai
Co-Founder & CEO
———
15Luna Rush
Provider of NFT-based role-playing game
$2M53 mo agoSeedNgo Thai
Co-Founder & CEO
———
16Kaby Arena
Provider of free-to-play turn-based NFT game
$2M57 mo agoFunding RaisedNhan Bui
Co-Founder & CEO
———
17KINGSPEED
Provider of blockchain-based racing game
$2M54 mo agoFunding RaisedTuyen Khuc
CEO
———
18Lord Arena
Blockchain-based action RPG game
$2M55 mo agoDeadpooledTung Nguyen
Co-Founder
———
19Planet Sandbox
Blockchain-based in-game virtual assets marketplace using NFTs
$2M56 mo agoSeedSteven Lee
Co-Founder
———
20Ninneko
Provider of strategy-based NFT game
$2M55 mo agoFunding RaisedHai Nguyen
CEO
TypeScriptGraphQLMUI+14Top 5M—
21Bunicorn
Online Defi gaming and NFT platform for individuals
$2M58 mo agoSeedPhuc Nguyen
Founder & CEO
———
22Zuki
Provider of NFT-based multiplayer battle arena games
$1M55 mo agoSeedDan Ngo
Co-Founder & CEO
Ant Designstyled-componentsReact+13Top 50M—

Top 12 Mobile companies in Vietnam

#1
Seed · Hanoi, Red River Delta · founded 2021
$3.3Mraised
▾

Official website of RPG shooting game

Funding rounds
  • Sep 2022Seed$3.3M
  • Jan 2022ICO$3.8M
Founders & team
Son NguyenCo-Founder
Investors
GD10 Ventures, Jump Capital, KuCoin, Capital S, X99 Ventures, Kilombo
#2
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
#3
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
#4
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
#5
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
#6
Seed · Vietnam · founded 2021 · 14 employees
$3Mraised
▾

Provider of play-to-earn role-playing game for mobile devices. "Summoners Arena" is an idle RPG game with Play-Own-Earn (POE) mode where players explore the Summonia Metaverse as Summoners and can earn digital assets. The game is available for iOS and Android platforms.

Funding rounds
  • Feb 2022Seed$3M
Founders & team
Manh TranFounderHarris BuiCEO
Investors
Impossible Finance, Spartan Group, Coin98, Istari Ventures, Cosmic Guild, GuildFi
#7
Seed · Vietnam · founded 2021 · 6 employees
$2.9Mraised
▾

Provider of an AI and blockchain-based fantasy car racing platform. It offers a fantasy car racing platform that enables players to build a racing community and participate in events. Its features include multiple games and race modes, leaderboard view, reward and contract management.

Funding rounds
  • Dec 2021ICO$495K
  • Dec 2021Seed$2.9M
Investors
Genblock Capital, Exnetwork Capital, Shima Capital, RazrFi, Titans, Magnus Capital
#8
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
#9
Funding Raised · Hanoi, Hanoi · founded 2021
$2Mraised
▾

Provider of NFT-based battle game. The Himo World is an NFT game with a Play-to-Earn feature, in which players can engage in battles with others, build their team to their favorite to explore the universe or choose to become observers of the war. The game has a lot of modes, from Campaign, PvP, to tournament, betting, with monthly updates and worthy rewards.

Funding rounds
  • Jan 2022ICO$2M
Founders & team
Quan VuCo-Founder & CTOTung LeCo-FounderDat DuongCo-Founder & CEO
Investors
Oddiyana Ventures, Red Swiss Venture Capital
#10
Deadpooled · Hanoi, Red River Delta · founded 2021
$1.5Mraised
▾

Blockchain-based action RPG game. The company provides a blockchain-based action role-play game for players. Players can play and earn tokens via an in-game marketplace. The game is available on iOS and android platforms.

Funding rounds
  • Nov 2021ICO$1.3M
  • Nov 2021Seed$1.5M
Founders & team
Tung NguyenCo-FounderVan TrinhCo-FounderThang NguyenCo-Founder
Investors
X21 Digital, GD10 Ventures, Poolz Finance, Basics Capital, Nudibranch Venture, MH Ventures
#11
Funding Raised · Hanoi, Red River Delta · founded 2021 · 71 employees
$2.9Mraised
▾

Provider of blockchain-based play to earn horse racing game. Pegaxy (Pegasus Galaxy) is a racing game with futuristic mythological styling where players will participate in PvP format races to win rewards in the platform by using native utility tokens.

Funding rounds
  • Nov 2021ICO$2.9M
Founders & team
Steve NguyenCo-Founder & CTOCorey WiltonCo-Founder & CEO
Investors
Kyber Ventures, TK Ventures, Coincu Ventures, Good Games Labs, Avstar
Tech stack
CloudflareGoogle WorkspaceHstsNext.JsNode.JsOpen Graph
#12
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

Funding & investor landscape

$237Mtotal disclosed funding
22companies funded
31disclosed rounds
0rounds last 90 days
Most active investors
X21 Digital6 rounds
Epoch Ventures5 rounds
Infinity Capital5 rounds
Avstar4 rounds
Basics Capital4 rounds
Magnus Capital4 rounds
RR2 Capital4 rounds
ThinksmartBrother Capital4 rounds
AU21 Capital3 rounds
Alpha Moon Capital3 rounds

Notable founders

Son Nguyen
Co-Founder · Metastrike
Aleksander Leonard Larsen
Co-Founder and Chief Operating Officer · Axie Infinity
Trung Nguyen
Co-Founder & CEO · Axie Infinity
Minh Nguyen
CEO · Orbitau
Nghia Do
CEO · Ark Rivals
Manh Tran
Founder · Summoners Arena
Harris Bui
CEO · Summoners Arena
Ngo Thai
Co-Founder & CEO · Luna Rush
Quan Vu
Co-Founder & CTO · Himo World
Tung Le
Co-Founder · Himo World
Tung Nguyen
Co-Founder · Lord Arena
Van Trinh
Co-Founder · Lord Arena
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
NOMA and Pairing emerged brand-new while Beamforming papers quadrupled (10→39), signaling rapid Vietnamese 5G/6G breakthrough diversification.
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
Beamforming advancements surged nearly 19-fold (3→56), dominating Vietnam's 5G/6G applied research with Wireless and Adaptive beamformer newly entering.
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
Concern-segment share grew from 0%→2%, with MIMO, Antenna, and Beamforming flagging emerging reliability issues in Vietnamese 6G research.
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 Vietnam?
Radar tracks 125 indexable Mobile companies headquartered in Vietnam that meet our profile-completeness bar.
What is the total funding raised by Mobile companies in Vietnam?
The Mobile companies in Vietnam on this list have raised a combined $237M in disclosed equity funding across 22 funded companies.
Which is the highest-funded Mobile company in Vietnam?
Axie Infinity is the highest-funded Mobile company in Vietnam, with $161M in disclosed equity funding.
How many Mobile companies in Vietnam are funded?
22 of the 125 Mobile companies in Vietnam on this list have disclosed at least one equity funding round.
How many Mobile unicorns are there in Vietnam?
2 Mobile companies in Vietnam on this list are valued at $1B or more.
Who are the top investors in Vietnam Mobile companies?
The most active investors in Vietnam Mobile companies on this list include X21 Digital, Epoch Ventures, Infinity Capital, Avstar, Basics Capital.
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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