TLDR:
Key Points:
- Vietnamese EdTech startup NativeX secures $4 million in funding within 8 months of its inception.
- The funding will be used to expedite product development and launch new program offerings.
Vietnamese EdTech startup NativeX has successfully raised $4 million in total funding, with $1.5 million secured through SAFE instruments from angel investors in June 2023 and an additional $2.5 million completing its seed round. The funding was co-led by Ansible Ventures and Blueprint Ventures, with the participation of Northstar Ventures and others.
NativeX offers live classes taught by foreign experts, personalized learning paths based on proficiency levels, and a focus on English proficiency for job seekers in the region. Students invest an average of 15 million Vietnamese dong in course fees, positioning NativeX as a premium segment among online English teaching platforms.
The company plans to use 80% of its seed funding to accelerate product development, launch a new conversational English program in June, and collaborate with IT engineers to support local workforce opportunities in the tech labor market. The diverse user base of working professionals in sectors such as IT, healthcare, marketing, and business demonstrates the broad appeal of NativeX’s offerings.
NativeX aims to provide practical English proficiency that transcends mere certification, emphasizing relevance in professional settings. With a focus on transformation and upskilling, the company seeks to empower top Vietnamese talents as they advance in their careers through innovative learning experiences.
