Business

Everest Education backed by $4 million in Series B funding

By Duc Anh August 21, 2019 | 04:29 PM GMT+7

The Vietnamese education startup has raised $4 million in Series B round of funding led by Hong Kong-based investment firm Hendale Capital, together with Viet Capital Ventures and Southeast Asian-focused investor Nullabor.

Everest Education now has seven learning centres in Ho Chi Minh City

The deal has marked Everest Education's first institutional financing following its $1-million funding round made by individual investors in 2016.

Proceeds from the round will be used to finance the development of Everest Education’s learning centres to reinforce its position in the academic after-school segment.

Founded in 2011, Everest Education now has seven learning centres in Ho Chi Minh City. It seeks to transform education in Vietnam by personalising learning and preparing students academically and mentally for an international education.

The education startup offer Math and English enrichment courses, as well as tutoring to students from Grade 1 to Grade 12 using proprietary blended learning approach.

According to Henry Lee, managing partner at Hendale Capital, Everest has the potential to make a significant impact in the rapidly expanding supplemental education space in the country.

“Vietnam’s 17 million K-12 student population is a large market, where people spend up to 40 per cent of their disposable income on education, yet there is unequal access to high quality education,” said Pho Pham, managing partner at Viet Capital Ventures.

The local education sector has recently become a focus for various venture capital and private equity investors. Some of the deals sealed include Navis Capital Partners Limited taking over Ho Chi Minh City-based private education platform Thanh Thanh Cong Education JSC or Kaizen Private Equity injecting $10 million in YOLA Education.

YOLA Education receives $10-million investment from Kaizen Private Equity

YOLA Education receives $10-million investment from Kaizen Private Equity

Business -  5 year
YOLA is Kaizen PE’s first investment in Vietnam.
YOLA Education receives $10-million investment from Kaizen Private Equity

YOLA Education receives $10-million investment from Kaizen Private Equity

Business -  5 year
YOLA is Kaizen PE’s first investment in Vietnam.
Menas signs to elevate lifestyle experiences at Keppel’s properties in Vietnam

Menas signs to elevate lifestyle experiences at Keppel’s properties in Vietnam

Business -  3 week

Menas Group has entered a strategic partnership with Keppel to co-develop an integrated ecosystem of lifestyle services across Keppel’s real estate projects in Vietnam, beginning with the landmark Celesta City development in Saigon South.

Phuc Sinh secures $15 million investment from Dutch investor for sustainable expansion

Phuc Sinh secures $15 million investment from Dutch investor for sustainable expansion

Business -  3 week

Phuc Sinh’s expansion underscores Vietnam’s growing role in sustainable agriculture and its increasing appeal to global investors

PVI Asset Management and SonKim Capital partner to revolutionize real estate investments

PVI Asset Management and SonKim Capital partner to revolutionize real estate investments

Business -  1 month

PVI Asset Management (PVI AM) and SonKim Capital (SK Capital), a business unit of SonKim Group has announced a strategic collaboration to develop innovative real estate investment products tailored for institutional investors and high-net-worth individuals.

Filum AI secures $1 million amidst funding winter

Filum AI secures $1 million amidst funding winter

Business -  1 month

Filum AI has successfully raised $1 million in funding despite a challenging venture capital market, underscoring the potential of AI and shifting investment strategies.

New decree eliminates barriers and enhances access to financing for enterprises

New decree eliminates barriers and enhances access to financing for enterprises

Business -  1 month

Enterprises are advised to promptly assess and evaluate the impact of the changes in the newly-issued to ensure timely compliance in the upcoming tax finalization period.

Lux Travel DMC earns global recognition for sustainability

Lux Travel DMC earns global recognition for sustainability

Business -  1 month

Lux Travel DMC has solidified its position as one of the global leaders in sustainable tourism with the prestigious Travelife Certified Sustainability Award 2025.

TheLeader
TheLeader