Vega Software
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Vega Software - overview
Established
2003
Location
Hanoi, -, Vietnam
Primary Industry
Software
About
Vega Software is a Vietnamese company specializing in digital content and technology, offering innovative value-added services that enhance user experiences across various platforms. Founded in 2003 in Hanoi, Vietnam, Vega Software develops digital solutions and value-added services. The company has not undergone significant pivots or changes in business strategy since its inception. Son Le Huu is the current CEO.
Vega Software raised funding in a Series A round in July 2007, with a total of 1 deal reported. Vega Corporation focuses on developing and delivering value-added services (VAS) across digital platforms, enhancing user experiences with innovative content and technology. Its offerings include popular online and mobile services like Clip TV, Waka, and Nhac. vn, catering to diverse entertainment needs.
The company is a prominent player in the gaming industry, publishing over 20 engaging games. Additionally, Vega provides technology solutions such as streaming services, eBooks, and content delivery networks (CDN), primarily serving the Vietnamese market while collaborating with major telecom companies like Viettel, Vinaphone, and Mobifone. In the most recent year of 2023, Vega Corporation reported a revenue of USD 2. 03 mn with an EBITDA of USD 2.
67 mn. The company's revenue is driven by partnerships with telecommunications companies and a subscription model for its content services, alongside direct-to-consumer transactions within its gaming division. Vega Software is focused on launching new products designed to enhance its digital service offerings. Plans for expansion include entering new markets and geographic regions to broaden its reach within Southeast Asia.
The funds raised in the Series A round will support these initiatives, facilitating the development of additional digital content and services to cater to an expanding user base.
Current Investors
IDG Ventures Vietnam
Primary Industry
Software
Sub Industries
Software
Website
www.vega.com.vn
Company Stage
Series A
Total Amount Raised
Subscriber access only
Vega Software - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 111,917,781,972 | 110,538,352,025 | 90,336,392,006 | 63,913,249,844 | - | - | - |
| % Revenue Growth (YoY) | - | (1.2%) | (18.3%) | (29.2%) | - | - | - |
| EBITDA (USD) | (4,281,058,751) | (23,054,813,215) | (10,930,657,020) | (17,663,678,468) | - | - | - |
| Operating Income (USD) | (4,281,058,751) | (23,054,813,215) | (10,930,657,020) | (17,663,678,468) | - | - | - |
| Operating Margin | (3.8%) | (20.9%) | (12.1%) | (27.6%) | - | - | - |
| % EBITDA Margin | (3.8%) | (20.9%) | (12.1%) | (27.6%) | - | - | - |
| NET Income (USD) | (15,701,989,290) | (24,760,369,564) | (12,302,719,830) | (19,404,915,224) | - | - | - |
| % Net Margin | (14.0%) | (22.4%) | (13.6%) | (30.4%) | - | - | - |
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