Vietnamese edtech MindX secures $15 million in its sequence B

Vietnamese edtech startup MindX has raised $15 million in a sequence B funding spherical to proceed its mission of nurturing and empowering Vietnamese innovators to deal with international challenges by means of know-how.

Vietnamese edtech MindX secures $15 million in its series B

Based in 2015, MindX prepares Vietnamese folks for tech careers by means of an ecosystem that encompasses schooling as its core enterprise, whereas additionally offering international job matching and a startup house. The corporate has graduated over 35,000 college students of all ages, lots of whom now have profitable careers in almost 20 nations, together with america, the UK, Japan, Singapore, and Australia.

The Collection B spherical was led by the education-focused non-public fairness fund Kaizenvest. Different backers included Thailand’s schooling agency Aksorn, Japan’s human assets agency Mynavi, and the return of the series-A lead Wavemaker Companions.

MindX additionally continues to obtain debt financing from Beacon Fund, an influence funding agency that focuses on women-owned and women-led companies in Southeast Asia.

Sandeep Aneja, founder and managing accomplice of Kaizenvest mentioned, “MindX is well-positioned to guide the coding and digital expertise house in Vietnam. We’re delighted to affiliate with the founding crew as they’ve persistently delivered high-quality studying outcomes. We imagine this funding suits inside the way forward for studying themes and is a testomony to our confidence within the rising demand for tech programs throughout Southeast Asia.

The brand new funding comes a bit over a 12 months after MindX closed almost $3 million in its sequence A in November 2021.

Since then, the corporate has greater than tripled its geographical protection to greater than 32 campuses throughout Vietnam, making it the most important coding educator within the area. MindX has additionally expanded its suite after all choices past coding to different in-demand, tech-related expertise equivalent to blockchain, information analytics, and UI/UX design.

Following the pandemic, most of its courses have adopted a hybrid studying mannequin, permitting college students the flexibleness to attend courses in-person or be part of nearly from residence. This strategy has been significantly impactful for learners in distant and mountainous areas, who could in any other case not have entry to a high-quality schooling.

Co-founder and CEO of MindX Nguyen Thanh Tung mentioned, “Our dream is to create a Little Silicon Valley in each Vietnamese neighbourhood, the place everyone seems to be empowered to create cool digital merchandise that make the world a greater place. It isn’t only a bodily house to unleash creativity, it’s a way of thinking. Engineering tradition and entrepreneurial spirit are embedded in each facet of our enterprise, from course design to studying experiences.”

“Innovators and creators are nurtured, not born. At this time, we wish to put together younger learners with the abilities and mindset wanted to create progressive instruments, applied sciences, and even beforehand unknown jobs to deal with the distinctive challenges of their occasions,” he added.

With the proceeds from the sequence B spherical, the corporate plans to additional develop its portfolio of services and products, hybrid studying experiences, and data-driven methods to scale up Vietnam’s digital expertise pool.

It additionally goals to attach Vietnamese tech expertise with employers in different elements of the world, together with the US and Europe. MindX at the moment companions with over 200 corporations in Singapore, Australia, Thailand, and others to allow international entry to the digital workforce from Vietnam.

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