[L-R] VUIHOC Co-Founders Minh Thu Do (COO) and LAM DO (CEO)
VUIHOC, an edutech platform serving K-12 Vietnamese students, secured a US$6 million investment in a Series A funding round led by TNB Aura.
TKG Taekwang, IBK-STIC Pioneer fund, and existing investors such as Do Ventures, BAce Capital, and Vulpes also joined.
The startup will use the funds to enhance its product offerings and leverage the application of AI technology. It aims to harness the power of AI to offer personalised learning experiences specifically tailored to meet students’ individual needs.
VUIHOC claims it has over 1.1 million users, most coming from Tier 2 and 3 cities. It provides comprehensive access to diverse educational content, with an inventory of over half a million resources, including video lectures and quizzes.
Vietnam’s edutech sector is experiencing a surge in investment commensurate with its potential, with total investments in H1 2023 surpassing that of the entire year of 2022, according to the “Vietnam Innovation & Tech Investment Report 2023”.
Also Read: VUIHOC gets funding from Do Ventures
Since its last funding round in September 2022, the company has introduced interactive live-streaming classes with large group sizes, enhancing student engagement and fostering dynamic learning experiences. Furthermore, it has broadened its content offerings to encompass the K-12 curriculum, ensuring alignment with the national standards.
“Affordable and quality education needs to be accessible to everyone. We believe that technology support will bring the best possible education to all students, especially those outside of big cities, giving them better opportunities for the future. This has been our guiding principle for the past four years, and we can see the positive results in our students,” said Do Ngoc Lam, CEO of VUIHOC.
In the coming year, VUIHOC will enhance its product portfolio, integrating cutting-edge technologies to provide students with highly effective and captivating learning experiences.
Charles Wong commented, “VUIHOC’s tech infrastructure has allowed it to capitalise on a flywheel of high-quality education delivered at scale, attracting the best educators across the country, which in turn drives some of the best unit economics seen in the region.”
In August 2021, VUIHOC bagged an undisclosed amount in investment from Do Ventures. Over a year later, the company secured US$2 million in bridge funding.
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