Lozi Vietnam Jsc. announced that it has received $12 million in a round of funding co-led by BAce Capital and Sun Hung Kai & Co. Limited on August 4, 2021. The transaction included participation from SQ Capital Group Limited, Prism Venture Management, LLC, existing investor, Metaplanet Holdings OÜ. As part of the transaction, Benny Chen of BAce Capital will join the company's board of directors. As part of the transaction, the company has raised post -money valuation of $100 million. The company has raised $20 million in funding till date.