Sci-Tech

Vietnamese edtech startup raises 2.4 million USD from foreign funds

Vietnam-based edTech platform Azota has raised 2.4 million USD in a Pre-Series A round led by GGV Capital, a global venture capital firm that invests in local founders.
Vietnamese edtech startup raises 2.4 million USD from foreign funds ảnh 1Illustrative image (Source: Azota)
Hanoi (VNA) – Vietnam-based edTechplatform Azota has raised 2.4 million USD in a Pre-Series A round led by GGVCapital, a global venture capital firm that invests in local founders.

According to Tech in Asia, new investorNextrans and existing backer Do Ventures also participated in the round.

Founded in 2021 by Dai Nguyen, Hung Le, andAu Nguyen, Azota is an online platform that lets teachers create and gradetests automatically. It also offers real-time exam proctoring and studentperformance tracking tools.

The startup said it has a user base of over700,000 teachers and about 10 million students nationwide. Since its inception,the platform has seen approximately 300 million exercises submitted through itssystem.

Vietnamese edtech startup raises 2.4 million USD from foreign funds ảnh 2Azota founder (Source: vietnambiz)
“We believe that by being able to reducelabour-intensive tasks, teachers could better spend their valuable time onimpactful actions such as working more closely with individual students, orcreating more engaging lessons for their students,” said Au, who also serves asAzota’s CEO.

The company will use the new funds toimprove its system performance and develop new features for its products. Azotasaid it aims to become a holistic teaching platform for hybrid learning in thepost-pandemic era.

Tech in Asia commented that Vietnam is oneof the fastest-growing edtech markets in the world, with total revenue en routeto reach 3 billion USD by next year. The country sees a compound annual growthrate of 20.2% from 2019 to 2023, it added./.
VNA
#GGV Capital#edTech platform Azota#GGV Capital#online platform#Azota#Vietnam#Vietnam news#Vietnam News Agency
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