Women-founded companies in Vietnam, especially in the tech domain, have gained significant momentum in recent years. With a focus on technological advancements and entrepreneurship, these firms are not only contributing to economic growth but also fostering inclusivity and fresh perspectives. Their success demonstrates the importance of diverse leadership and teams, paving the way for a more dynamic and competitive tech ecosystem in Vietnam. These women-led businesses are not only creating job opportunities and driving economic growth but are also inspiring the next generation of female leaders and innovators in Vietnam. Many of these companies focus on bridging gaps in underserved sectors by leveraging technology to improve accessibility and efficiency. Furthermore, women founders often prioritize social impact alongside profitability, contributing to community development and sustainability initiatives.
U2U Network, co-founded by Trang Phung, is one of the leading next-generation blockchain solution providers focused on scalability and real-world applications. Combining a DAG based Layer1 network with EVM compatibility, Ostracism VM, and modular subnet technology, the firm achieves high performance and fast transaction finality. This architecture supports seamless communication between the mainnet and subnets, fostering the U2U Network Ecosystem, which serves both developers and users. Beyond offering a modular Layer 1, the firm addresses user pain points with innovations like U2DPN, a decentralized VPN service.
DePIN Client Hub and Zenith: Enhancing Decentralized Infrastructure
In line with its commitment to enhancing user experience, U2U Network has developed the DePIN Client Hub. The platform serves as a centralized interface for managing decentralized infrastructure projects. By aggregating user interactions across various DePIN initiatives, the hub allows seamless management of resources, contributions, and rewards within a unified system. The intuitive dashboard displays essential metrics like GPU, RAM, and storage usage, providing users with a clear overview of their participation.
This integration is a testament to U2U Network’s vision of building modular and interconnected systems that bridge the gap between decentralized technology and real-world applications. The DePIN Client Hub further underscores U2U Network’s commitment to user accessibility, enabling even non-technical users to participate in and benefit from the decentralized ecosystem.
The DePIN Client Hub also integrates key applications like U2DPN and Zenith, creating a cohesive ecosystem for decentralized solutions. For instance, Zenith, U2U Network’s flagship VPN product, is powered by U2DPN and built on the DePIN Subnet infrastructure of U2U Network. By utilizing resources from the DePIN Client Hub and the robust infrastructure of U2DPN, Zenith delivers unparalleled privacy and performance. This synergy enables the service to allocate decentralized resources efficiently, ensuring optimal connectivity and enhanced security for users. By eliminating centralized vulnerabilities, Zenith ensures a secure online experience for users while supporting enterprise needs for reliable and scalable networking solutions.
Core Competency
U2U Network scales its business by focusing on three interconnected groups, namely builders, enterprises, and users while remaining committed to its core values of decentralization, adaptability, and usability.
For builders, the firm provides a robust infrastructure that enables developers to create customized Web3 projects, tailored to their unique needs and scalable for future growth. For enterprises, it offers practical solutions to transition to Web3, enhancing transparency, data integrity, and operational efficiency. The firm also partners with traditional businesses to help them understand and implement decentralized models, demonstrating the realworld value of blockchain technology.
For users, the firm ensures accessibility through intuitive user interfaces and experiences, bridging the gap between Web3 technology and real-world applications in sectors like IoT, mobility, healthcare, and education.
Milestone Fundraising & Media Recognition
In December 2024, U2U Network successfully raised $13.8 million in one of Vietnam’s largest blockchain fundraisers of the year. The funding round was backed by top-tier venture capital firms such as Chain Capital, JDI Ventures, and other prominent investors. This achievement is particularly notable given the challenging global economic environment, where startup fundraising has become increasingly competitive.
The news of this milestone was widely covered by reputable media outlets, including ThanhNiên, VinVentures, and VnEconomy. These publications emphasized the strategic importance of U2U Network’s technological advancements and its potential to redefine blockchain infrastructure in Vietnam and beyond. ThanhNiên highlighted the role of U2U Network in fostering innovation amidst economic uncertainty, describing the company as a “catalyst for Web3 growth in Southeast Asia”. Similarly, VinVentures’ coverage underscored the company’s ability to secure trust from global investors through transparency, robust technology, and a clear roadmap.
U2U Network stays agile & adaptable in the fastpaced blockchain & fintech industries by prioritizing innovation, adaptability, & customer-centricity
This media attention not only elevated U2U Network’s profile within Vietnam but also positioned it as a prominent player on the global blockchain stage. The company’s success story serves as a beacon for other startups in the region, showcasing the potential for Vietnamese tech companies to excel in a fiercely competitive industry. By leveraging this funding, U2U Network plans to accelerate its development of decentralized physical infrastructure networks (DePIN), expanding its reach to international markets and reinforcing its commitment to driving technological innovation.
In addition to financial gains, the fundraising campaign also brought U2U Network under the spotlight of global blockchain enthusiasts, further strengthening its ecosystem. The involvement of trusted media outlets has reinforced the company’s credibility, ensuring sustained investor confidence and user adoption.
Navigating Challenges and Future Vision
As an innovator in the industry, U2U Network encountered significant challenges when expanding globally. Initially rooted in Vietnam’s startup ecosystem, the company faced difficulty raising funds from top-tier VCs in regions like Europe, the U.S., and Asia due to limited Layer-1 infrastructure in the Asian market. Despite this, the firm successfully raised funds through transparency with investors, emphasizing a clear vision, team commitment, and openness about strengths and weaknesses. This approach resonated with VCs seeking not a perfect business model, but a dedicated team with potential.
The co-founders, as female leaders, have been instrumental in fostering trust and credibility during these challenging times, further showcasing the impact of women founders in Vietnam’s startup ecosystem. Their leadership aligns with a broader narrative of female founders excelling in dynamic fundraising environments and receiving recognition in local and global rankings. This accomplishment reflects the ability of female-led startups to thrive amidst an economic recession, setting an example for future entrepreneurs.
Looking ahead, U2U Network plans to expand globally by establishing itself as a leader in decentralized infrastructure, focusing on regions with high blockchain adoption like Southeast Asia, Europe, and North America. The company aims to collaborate with international Web3 projects and leverage partnerships with global blockchain players, including venture capital firms. This strategy will help position U2U Network as a key player in the global market, ensuring widespread adoption and contributing to the advancement of blockchain and AI technologies across multiple regions.
Trang Phung, Co-Founder & Co-CEO
Trang Phung is an experienced entrepreneur and executive with a strong background in financial investment, technology, and fintech. Currently serving as a Co-Founder & Co-CEO, she leads business development efforts aimed at helping millions of middle-class individuals easily save and invest with minimal risk and capital requirements. Previously, Trang cofounded a prominent cryptocurrency exchange, achieving significant user growth and daily trading volume. Her entrepreneurial journey began in 2016, and she is dedicated to supporting and inspiring women to achieve their goals and become independent.
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