MindX raises $3.3M in Series A funding
Vietnam-based MindX recently raised $3.3 million in its Series A round of funding led by Wavemaker Partners, Thien Viet Securities, and an undisclosed United States-based investor. MindX also received debt funding from Beacon Fund.
The company plans to utilise the funding to expand MindX’s online platform, create more educational content for the platform, and expand into Tier 2 and 3 cities and rural provinces in Vietnam.
“One concern for parents with low-income levels is that they want their kids to have a guaranteed job placement, but they don’t want to run out of money for tuition,” said MindX’s Tung Nguyen. “They asked for financing solutions and we plan to implement the income sharing model by the end of this year for our students.”
Founded in 2015 as a non-profit by Tung and Ha Nguyen, MindX now has 13 offline locations in Vietnam.
Commenting on the investment,Wavemaker general partner Gavin Lee said, “We’re excited to back the MindX team with their vision to revolutionize Vietnam’s tech education landscape and unlock career opportunities for 20 million K-12 and university students. MindX is addressing a clear need, given the worsening shortage of software engineers in Vietnam.”
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