Vietnamese edtech firm Galaxy Education (GE) has raised nearly $10 million in a funding round led by East Ventures and other investors, one of the largest investments in Vietnam’s education technology sector amid a tough fundraising environment.
The company, which became fully profitable in the first quarter of 2025, said it will use the fresh capital to expand its nationwide English as a Second Language (ESL) initiative.
The program, which aligns with the Vietnamese government’s directive to boost English proficiency, aims to serve both public schools and underserved communities facing teacher shortages.
GE, which turned EBITDA-positive in its K-12 vertical in April 2024, is among a small group of profitable edtech companies in Southeast Asia, where many players are struggling with weak margins and funding constraints.
The company’s growth is powered by its proprietary ICAN platform, which uses artificial intelligence to personalize learning for students and provide real-time support for teachers.
This AI-driven approach enables GE to scale quality education delivery while keeping costs manageable.
Founded in 2020 through the acquisition of K-12 platform HOCMAI, GE has expanded its portfolio to include language and tech-focused ICAN, and FUNiX, Vietnam’s first online university.
Its vertically integrated model spans curriculum design, teacher training, digital platform development, and class operations.
As of early 2025, GE said it has served more than 8 million learners across Vietnam and 34 other countries.
The firm’s operations are backed by over 2,000 teachers and 5,000 mentors, and it has supported over 100,000 students in gaining admission to top universities.
The latest funding underscores investor confidence in Vietnam’s edtech sector, which is benefiting from rising digital adoption, an expanding middle class, and favorable policy tailwinds.
Business News Asia