Vietnamese EdTech Galaxy Education Raises Nearly US$10M from East Ventures and Other Investors

Whats Happening:

Galaxy Education (GE), a Vietnamese EdTech company, has secured nearly $10 million in funding from East Ventures and other investors. The company has achieved full profitability in Q1 2025 and is expanding its national English as a Second Language (ESL) program in Vietnam. GE operates three main brands: HOCMAI, ICAN, and FUNiX, serving over 8 million learners across Vietnam and in 34 countries.

Key Moves:

• Galaxy Education secures nearly $10 million in funding from East Ventures and other investors

• Company achieves full profitability in Q1 2025, with K-12 vertical turning EBITDA positive in April 2024

• GE expands its national English as a Second Language (ESL) program in partnership with public schools

By The Numbers:

• Nearly $10 million raised in funding

• Over 8 million learners served across Vietnam and in 34 countries

• Full profitability achieved in Q1 2025

Key Quotes:

• "GE is one of the few edtech companies in Southeast Asia to achieve profitability in such a short time," said Mr. Luong Cong Hieu, CEO of Galaxy Group.

• "Vietnam's education sector presents strong growth potential, fueled by rapid digital adoption, an expanding middle class, and increasing private sector participation," said Roderick Purwana, Managing Partner at East Ventures.

Bottom Line:

Galaxy Education's successful funding round and achievement of profitability demonstrate the potential of the EdTech sector in Vietnam. The company's focus on quality education, AI-powered learning platforms, and alignment with national education initiatives position it for continued growth and impact in the region's education landscape.

Read Full Article