Touchstone Partners

Touchstone Partners is one of Vietnam’s most active early-stage venture firms, headquartered in Ho Chi Minh City and writing $1M-$5M cheques at Seed and Series A. The firm has developed credible exposure to AI-enabled healthcare infrastructure alongside its broader tech book, and its team combines local operator depth with US-trained investment professionals. For founders, Touchstone is the kind of investor that can move quickly when conviction is high and can serve as a meaningful local lead in rounds syndicated with regional or global partners. The best-fit founder is building digital health or AI/ML clinical software with strong product-market fit signals in Vietnam, a path to expand across Southeast Asia, and a technical team that can defend AI claims rigorously. Founders running pre-product experiments, pure consumer wellness, or asset-heavy clinic models should not approach. The right introduction path is via a Touchstone portfolio CEO, the Vietnamese diaspora network in Singapore or the Bay Area, or a regional fund (Tin Men, Vertex, Qualgro) that has previously syndicated with the firm. In your pitch, lead with hospital partnerships, MOH navigation, dong-denominated unit economics with hard-currency forecast translation, and a defensible product roadmap. Caveats: Vietnam’s healthcare regulatory environment is evolving and provider digitisation is uneven, so any AI claim must be backed by integration and workflow evidence rather than model benchmarks alone. Touchstone’s brand carries weight domestically but founders will still need international co-leads to take rounds beyond Series A, so plan syndication early. Confirm fund vintage, current cheque sizing relative to the latest fund, and reserves policy in initial conversations, because the firm operates across multiple verticals and healthcare-specific deployment depth varies year to year.