CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
Vietnam-based edtech firm raises US$50m in funding
Hai Yen 08:27, 2018/11/27
The move marked the biggest financing for an online education company in Southeast Asia.
Hanoi-based Topica Edtech Group, an education technology company in Southeast Asia with over 1,700 employees, announced that it has raised a US$50 million series D round led by Singaporean private equity firm Northstar Group, according to TechinAsia. 
 
Illustrative photo.
Illustrative photo.
The move marked the biggest financing for an online education company in Southeast Asia.

Topica said Northstar had a minority stake upon completion of the investment and has joined its board of directors, DealStreetAsia reported. 

The investment will support new product development across the region and increase the pace of enhancements in Topica’s technology and AI capabilities, the Vietnamese firm said in a statement. 

Topica’s existing investors include Openspace Ventures, Patamar Capital, CyberAgent Ventures, EduLab Group, and IDG Ventures.

The firm provides online English-speaking classes, a marketplace of over 2,000 short skill courses with video teaching materials, and a platform that enables 12 universities in the region to offer online degree programs.

Started in 2008 and headquartered in Hanoi, Topica also runs several programs that groom entrepreneurs.

The Northstar Group is managing more than US$2 billion in committed equity capital dedicated to investing in growth companies in Southeast Asia.

Northstar is currently preparing to launch its fifth fund and is targeting to raise more than $800 million for this vehicle. It is currently investing from Northstar Equity Partners IV. Its four funds have invested in over 30 companies across the banking, insurance, consumer/retail, manufacturing, coal and mining services, technology, telecom, and agribusiness sectors.
Comments
Other news
16:35, 2025/01/20
PM invites Skoda to manufacture electric vehicles in Vietnam
The Vietnamese government would offer incentives to investors who meet technology transfer requirements and increase the scientific and technological value of their investments.
16:33, 2025/01/08
US Berggruen Holdings to help Vietnam set up investment funds
Vietnam's growing political and global supply chain prominence solidifies its position as a dynamic nation.
21:21, 2024/12/30
Vietnam releases Esports White Book 2022-2023
The growth of Vietnam's esports market is highlighted in the Vietnam Esports White Book 2022-2023, which outlines global trends.
14:43, 2024/11/18
Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.
21:55, 2024/10/22
Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
15:24, 2024/09/24
Vietnam calls for more US investment in innovation, hi-tech
The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.