
It all started when us, a couple of product people realized with our expertise in technology, our passion for outstanding software, we have the ability to uplift like-minded founders by helping them build and launch their startups. The idea became clearer when our network of makers, industry experts and investors broadened steadily.

We had every signal that a VC, _by makers and for makers_, would be the right path for us. Dwarves Ventures was born with that vision in mind, and Fund 0 came into action to test the water.

Came 2020. It was a year like nothing anyone could have expected. For us, it was a year full of uncertainty and chaos, making our new venture a lot more challanging. We knew we wouldn’t be profitable from our investments. Instead, we decided we should just celebrate small wins whenever we can, and learn as we kept moving ahead.

Throughout 2020, we managed to push boundaries and provide values with our unconventional, “founder-friendly” investment models. We kept on building great partnerships and supporting our portfolio companies in withstanding scrunity and growing. We also gave back to the community that raised us, by contributing to meaning non-profit projects.

### The year in number
- 9 team members
- 2 trusted partners
- 33 investment opportunities
- 8 portfolio companies
- 3 communities of aspiring founders and makers

### The year in industry
- Healthtech
- Foodtech
- Proptech
- Marketplace
- B2C
- B2B
- D2C

### Highlights
**January**

New year, new resoultion. For 2020, we set out to:

Remote team. Following the success of pioneers in the tech industry, our team will go remote-first.

An allround partner for startups. Rather than the mere financial investment, we are going to become part of every startup’s journey that we invest in.

We are going to drill our focus on founders, especially those who leverage technology to transform ways of living and working.

**February**

Coronavirus hits hard. The economy is in complete chaos, everything is expected to go digital. The need to focus on technology is at its peak.

Our response: We aim to answer one simple question, “What is the fastest thing we can do to help?” We put forward the Covid-19 relief package, giving portfolio companies, or any business in general, the alternative financial and operational support to get their business online.

**March**

We put our mark in the US startup scene. We welcome Para (http://joinpara.com), a startup in the healthtech sector, into our portlofio. The investment itself is meaningful. Para connects facilities with medial professionals, just in time to support health systems fighting the pandamic.

Our innitiative with going remote helps lay the groundwork for our portfolio companies to follow suit and adapt the framework into their team.

**May**

We welcome Airwatt to our portfolio. Providing solutions to energy usage with AI as the backbone, Airwatt was honored first place in Startup Wheel 2019.

PurchasingCare, one of our earliest portfolio comepanies, couldn’t make because of the pandemic. We see this as an opportunity to learn and reflect on our model.

**July**

We welcome Artzy to our portfolio. Artzy is one of a few Vietnamese eCommerce space that revolves around the finer things, like handcraft arkworks.

Since then, multiple products have been built and launched to cater to different needs of users. Artzy has been seeing a steady growth in 2020.

**August**

The launch of Superbits, our own indie software studio. Superbits’ products are built by us, backed by us, and for tech-loving people like us.

**September**

We partner with Salt Cancer Initiative (SCI) to build a knowledge and community hub for breast cancer patients across Vietnam.

**October**

We welcome Wego to our portfolio. Wego is built around the idea of serving quality coffee to the young generations.

**November**

Despite the haywire situation in the US, our portfolio joinPara records stellar development, scoring partnerships with multiple hospital facilities, good numbers of users on the platform and rolling out new products.

**December**

We deploy a new system for a more robust collaboration with our portfolio companies. Now monthly updates and reports are much easier and faster.

The last month of the year is dedicated to looking back and learning from our own doing.

All in all, Fund 0 was not an easy voyage, but it was also very rewarding in terms of learning and adapting.

We wouldn’t have been able to endure and move forward without the hard work put together everyday by the aspiring founders, our partners, and the team members.Thanks to everyone, our purpose and headway were not lost. Dwarves Ventures is now a reality.


It all started when us, a couple of product people realized with our expertise in technology, our passion for outstanding software, we have the ability to uplift like-minded founders by helping them build and launch their startups. The idea became clearer when our network of makers, industry experts and investors broadened steadily.

Dwarves Ventures Fund 0


It all started back in 2019 when a handful of tech people came under the name of Dwarves Ventures, with the sole mission was to give force to makers and hustlers.

In a span of over 2 years, we tested multiple models of investment with 8 portfolio companies. We did make quite a lot of mistakes and questionable decisions, but they soon enough became the guiding light for us to arrive at a structure of investment most beneficent for founders we decide to back.

2021, we are finally confident and ready. Dwarves Ventures is officially on the map with our Fund 1.

### What's going to happen in 2021
In 2020, our focus was to help founders build and grow their digital products, while internally clarifying our investment approaches. In 2021, we plan to continue doing so, but with more refinements and upgrades. Each and every of our effort will revolve around the promise of finding and funding more founders to create, launch and grow businesses.

### A laser focus on technology
We realize through our pilot fund that with our background as makers, we were able to provide tremendous value when we devote ourselves to the tech space, given our background as tech makers.

For Fund 1, we will mainly invest in software/tech startups in their early stage, with a laser focus on setting startups to serve their customers and become profitable early on. We are also big on blockchain, but definitely not limited to it.

### Transparent investment options
Rather than a big check which leaves founders having to figure out how to spend effectively, we bring our diverse expertise into the game instead. Typically, we support startups with investments up to $100k while more importantly, we get hands-on and help founders grow in three aspects: digital product, organization, and traction.

### A founder-friendly VC
We understand the exhausting process of raising a round. That's why we prefer a more human-centric approach with our funding. We want founders to aim their focus at raising revenue and profit, instead of the next round of funding.

We have never been big on formality, bureaucracy or hierarchy. No 100-page pitch deck, no multiple meetings, no lengthy email threads. We will get in touch within 5 days, the next steps within 2 weeks, and an assigned representative to answer every question you might have if we decide to deal with you.

### Applications are open all year long
We will not have a time frame for application. We welcome new investment opportunities every day of the year until we reach our capacity, and make an announcement about it.

### Network & Community
Since day 1 of Dwarves Ventures, we have received a massive amount of reach-outs from almost every part of the startup ecosystem, from serial entrepreneurs, founders to industry experts and investors, asking how they could be a part of what we are doing.

Our community of makers is growing steadily, our network of strategic partners and advisors is spreading across verticals and industries. With our official launch, it is only right to put into action a system that maximizes the effectiveness of our network and community.

Makers and founders will have unlimited access to our perks and benefits, connections to experts and advisors, organizational and financial support from our team... just to name a few.

As a matter of fact, we are always actively [seeking new partners to join us](mailtoteamdwarvesv.com), so we could provide even more value to founders on their path to revenue/profit solidity.

***In fewer words,***
Dwarves Ventures will not be the “here’s a massive check, go do your thing” kind of VCs. We will be the kind of VCs that invest and work together with founders, chasing profitable growth and scale.

Dwarves Ventures Fund 1 will mean a lot of hustle and bustle, as we roll out our new approaches and practices. If you want to keep up with us, **[sign up for our newsletter](https://dwarves.ventures/next)**. (We never email unless we have something important and relevant to inform you.)

More importantly, if what we are doing resonates with you,[we are always ready to talk](mailtoteamdwarvesv.com).

We have a lot more to share. All updates will be on our website.

In a span of over 2 years, we tested multiple models of investment with 8 portfolio companies.2021, we are finally confident and ready. Dwarves Ventures is officially on the map with our Fund 1.

Updates > Fund