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

HO CHI MINH CITY, Vietnam,June 24, 2025/PRNewswire/ --Galaxy Education (GE), a Vietnamese education technology company, has secured nearlyUSD 10 millionin funding from East Ventures and other investors, marking one of the largest EdTech investments inVietnamamid challenging market conditions.                         

Elementary school students in Thai Nguyen province are participating in an ESL class with a native teacher through the OMO (Online-Merge-Offline) model.

The funding round comes as GE achieved full profitability company-wide in Q1 2025, having already turned positive EBITDA in its K-12 vertical fromApril 2024. This positions the company among the few profitable EdTech players inSoutheast Asiaduring a period of widespread sector struggles.                                                 

Scaling national English education initiative

The fresh capital will primarily fund GE's national English as a Second Language (ESL) program, which aligns with the Vietnamese Political Bureau's directive to improve English proficiency across the country. The initiative targets both public schools and underserved communities, addressing teacher shortages and learning outcome gaps.                                                              

"GE is one of the few edtech companies inSoutheast Asiato achieve profitability in such a short time,"said Mr.Luong Cong Hieu, CEO of Galaxy Group."Their quality-first strategy and financial discipline make them a standout."

AI-powered learning platform                                                    

Central to GE's strategy is its proprietary AI-powered educational ICAN platform, which uses AI agents to personalize 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'seducation sector presents strong growth potential, fueled 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,"saidRoderick Purwana, Managing Partner at East Ventures.

Portfolio of education brands

Founded in 2020 through the acquisition ofVietnam'sleading K-12 platform HOCMAI, GE has expanded through strategic acquisitions. In 2023, the company acquired FUNiX,Vietnam'sfirst online university, extending its reach into workforce upskilling and lifelong learning.

The company operates three main brands:

  • HOCMAI:Vietnam'sleading K-12 online learning platform
  • ICAN: Language and foundational tech education for young learners
  • FUNiX: Online university focused on vocational and digital skills

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

Market position and scale

GE Staff in front of their Ho Chi Minh City office

As of early 2025, GE serves a cumulative total of over 8 million learners acrossVietnamand 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.

About Galaxy Education

Galaxy Education (GE), a member ofGalaxy Entertainment& Education Group (GEE), is a leading Vietnamese edtech platform committed to providing high-quality, accessible education for learners of all ages. Through its innovative ecosystem of three core brands—HOCMAI,ICAN, andFUNiX- GE serves over8 million learners acrossVietnamand in 34 countries. Backed by nearlyUSD 10 millionin recent funding from East Ventures and other investors, GE is at the forefront ofVietnam'snational ESL program in partnership with public schools and is advancing its AI-first roadmap to transform learning - helping shape the future of lifelong learning.



About East Ventures

East Venturesis a pioneering and leading sector-agnostic venture capital firm. Founded in 2009, East Ventures has transformed into a holistic platform that provides multi-stage investment, from Seed to Growth stage investments, for over 300 tech companies acrossSoutheast Asia.

As an early believer in the startup ecosystem inIndonesiaand the most active investor inSoutheast Asia, East Ventures is an early backer of prominent tech companies in the region, such as Tokopedia, Traveloka, Ruangguru, ShopBack, waresix, Xendit, IDN, Sociolla, Fore Coffee, Tech inAsia(acquired by SPH), Kudo (acquired by Grab), Loket (acquired by Gojek), and MokaPOS (acquired by Gojek).

East Ventures was named the most consistent top-performing VC fund globally by Preqin and the most active investor in SEA andIndonesiaby various media. Moreover, East Ventures isIndonesia'sfirst venture capital firm to sign the Principles of Responsible Investment (PRI), supported by the United Nations (UN). East Ventures is committed to achieving sustainable development and positively impacting society through its initiatives and ESG-embedded practices.                                            

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SOURCE GALAXY EDUCATION