Galaxy Education bags $10 million from East Ventures and other investors

The fresh capital will primarily fund Galaxy Education's national English as a second language (ESL) programme. The initiative also targets public schools and underserved communities, addressing teacher shortages and learning outcome gaps.

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

Central to GE's strategy is its proprietary AI-powered educational ICAN platform, which uses AI agents to personalise learning experiences for students while providing real-time adaptive support for human teachers. This technology enables the company to deliver quality education at scale without compromising affordability.

"Vietnam's education sector presents strong growth potential, fuelled by rapid digital adoption, an expanding middle class, and increasing private sector participation. We believe in Galaxy Education's strategic vision and strong execution as a leading player in this space, which distinguishes them from their peers and has enabled them to achieve profitability. With a promising outlook supported by favourable policy tailwinds and continued strong execution from the team, we are excited to support their journey and look forward to their future growth," said Roderick Purwana, managing partner at East Ventures.

Founded in 2020 through the acquisition of Vietnam's leading K-12 platform HOCMAI, Galaxy Education has expanded through strategic acquisitions. In 2023, the company acquired FUNiX, Vietnam's first online university, extending its reach into workforce upskilling and lifelong learning.

The company operates three main brands, including HOCMAI (Vietnam's leading K-12 online learning platform), ICAN (language and foundational tech education for young learners), and FUNiX (an online university focused on vocational and digital skills).

Galaxy Education's vertically integrated model covers the entire education value chain, from market research and curriculum design to tech platforms, teacher training, and class operations.

As of early 2025, Galaxy Education served a cumulative total of over eight million learners across Vietnam and in 34 countries. The company's achievement of profitability during a challenging investment climate demonstrates the resilience of its business model and positions it as a rare success story in the Southeast Asian edtech sector.

Language platform Prep raises $7 million in Series A funding Prep, a Vietnam-based language learning and test preparation platform, announced that it has raised $7 million in Series A funding, co-led by Cercano Management Asia and Northstar Ventures, with the participation of Touchstone Partners, East Ventures, and Saison Capital.

Kyna English secures Series B funding to expand Southeast Asia operations Kyna English successfully completed its Series B fundraising round on January 10, marking a significant milestone in its mission to expand and elevate the quality of online education across Southeast Asia.

Rising demand fuels new edtech promise Vietnam’s edtech sector is expected to be vibrant and poised for future growth, with startups expanding their operations.