Prep, a Vietnam-based language finding out and take a look at preparation platform, has raised US$7 million in Sequence A investment, co-led by means of Cercano Control Asia (previously referred to as Vulcan Capital) and Northstar Ventures.
Touchstone Companions, East Ventures, and Saison Capital additionally participated.
The capital will permit Prep to enlarge its workforce, refine its finding out gear, and enlarge into alternative language merchandise and untouched markets.
Additionally Learn: Edutech battle: How NativeX is taking at the likes of ELSA, Duolingo in Vietnam
Based in 2020 by means of CEO Tu Pham and CTO Nam Tran, Prep is a web based language finding out and take a look at preparation platform that is helping newcomers of every age achieve their complete doable. Its flow choices come with personalized find out about plans, interactive finding out content material, and AI-powered take a look at and role-playing rooms.
In 2022, the edutech startup exempted its AI-powered digital talking room, which it claims helped multiply earnings by means of 3x in 3 months. Along side its AI-powered digital writing room, this constituent allows the corporate in order “high-quality” schooling at a fragment of the common value newcomers would pay.
“The ultimate vision of Prep is to enable every learner to feel as if they have a dedicated personal teacher and mentor to help them achieve their learning targets. This new investment is an important milestone for us in realising this vision,” stated Tu Pham.
Additionally Learn: Startup investments in Vietnam see 39% let go in Q1
“Quality education made more accessible through technology has been a segment of emphasis for us. Prep’s application of technology to drive positive outcomes for language learning and standardised test preparation has been one of the best we have seen from the region,” stated MJ Yu, Managing Director of Cercano Control Asia.
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