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Kaizenvest backed $15 M Series B funding secured by edtech firm MindX

In order to continue fostering and enabling Vietnamese innovators to address global challenges through technology, MindX, a Vietnamese startup in the field of technology education, has raised $15 million in a series B funding round.

According to a statement from MindX, the education-focused private equity fund Kaizenvest led the Series B round.

The education company Aksorn of Thailand, Mynavi of Japan, and the series A lead Wavemaker Partners returned as additional backers.

Beacon Fund, an impact investment company that specializes in women-owned and women-led businesses in Southeast Asia, continues to provide debt financing to MindX.

The company intends to expand Vietnam’s digital talent pool by expanding its product and service portfolio, hybrid learning environment, and data-driven systems with the money from the series B round.

Additionally, it aims to link Vietnamese tech talent with employers in other nations, such as the US and EU.

To enable global access to the digital workforce from Vietnam, MindX currently collaborates with over 200 businesses in Singapore, Australia, Thailand, and other nations.

“Our dream is to create a ‘Little Silicon Valley’ in every Vietnamese neighborhood, where everyone is empowered to create cool digital products that make the world a better place,

“It’s not just a physical space to unleash creativity; it’s a state of mind. The engineering culture and entrepreneurial spirit are embedded in every aspect of our business, from course design to learning experiences,” said Nguyen Thanh Tung, Co-Founder, and Chief Executive Officer of MindX.

“Innovators and creators are nurtured, not born. Today, we would like to prepare young learners with the skills and mindset needed to create innovative tools, technologies, and even unknown jobs to address unknown challenges of their times,” he aded.

Vietnamese people are prepared for tech careers by MindX, a company founded in 2015, through an ecosystem that includes education as its core business as well as international job matching and startup space.

More than 35,000 students of all ages have graduated from the company, and many of them are now working in successful technology careers in more than 20 nations, including the United States, the United Kingdom, Japan, Singapore, and Australia.

“The company (MindX) is well-positioned to lead the coding and digital skills space in Vietnam. We are delighted to associate with the founding team as they have consistently delivered high-quality learning outcomes,

“We believe this investment fits within the future of learning themes and is a testament to our confidence in the growing demand for technology courses across South East Asia during the long term,” said Sandeep Aneja, Founder and Managing Partner of Kaizenvest.

Just one year ago, in November 2021, MindX closed a nearly $3 million Series A round.

Since then, the company’s geographic reach has more than tripled to more than 32 campuses throughout Vietnam, making it the largest provider of coding education in the area.

Beyond coding, MindX has added other in-demand technology-related skills like blockchain, data analytics, and UI/UX design to its suite of course offerings.




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