Vietnamese edtech startup MindX secures US$500K led by ESP Capital

Wed Oct 9, 2019 - 6:37am GMT+0000


9/10/2019 – MindX, an edtech startup based in Vietnam has raised US$500K in its first funding round led by homegrown investment fund ESP Capital, with participation from other individual investors.

“The model that MindX pursues not only meets the needs of the market but also demonstrates the ability to scale up,” said Ms. Le Hoang Uyen Vy, the CEO of ESP Capital.

Established in 2015, MindX otherwise formerly known as TechKids, is a school chain focused on imparting new technology skills such as programming, robotics, design, 3D drawing etc.

“MindX is working with leading schools in top countries worldwide, such as the United States, Singapore, and South Korea, in order to select the most suitable method that fits Vietnamese students’ culture and learning style,” said MindX’s co-founder and CEO Nguyen Thi Thu Ha.

A special goal of MindX is to help elementary and middle school students learn and experience skills in the most comprehensive way, combining theoretical learning and direct practice in the environment. starting a business.

According to MindX, students from the age of six could be trained to successfully program mobile apps for studying and entertainment purposes.

MindX said it currently has five centers in Hanoi and Ho Chi Minh City, training more than 8,500 students and working adults.

Many MindX students have recorded high achievements, winning awards in national and international examinations such as ACM, ISEF or getting scholarships to study abroad in the United States and South Korea.

Besides education, MindX also operates as a co-working space business, providing office space for startups, in addition to abundant technology and human resources to support the overall development of the company. This creates synergy as MindX students are given the chance to work on projects, as well as meet programmers and business owners.

With the fresh round of capitals, MindX will use the proceeds to open new centers in Ho Chi Minh City and also to upgrade the current syllabus of designing, 3D drawing, and VR/AR.

Additionally, the startup is also looking to focus more on developing a learning model that will incorporate both online and offline learning, which it hopes to help personalize and cater better to each individual student’s learning path.

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Vivian Foo is a reporter who writes about Southeast Asia’s technology and startup space. The entry point which led her to write about the startup ecosystem was her fascination of the dot-com boom. She is taking a deep dive into how the entrepreneurial mindset works and hopes to share the insights, innovation, and stories of the startups with her readers.