Vietnam edtech company KYNA raises funding from SWOF and CyberAgent Capital
KYNA, an all-age e-learning solution, has announced its second investment from CyberAgent Capital, who was joined by SEAF Women’s Opportunity Fund. Previously, KYNA receives the first round of investment in April 2016 from Cyberagent Capital.
KYNA has shared that it will use the new funding for growing Kynaforkids.vn. The startup claims to have attracted more than 150,000 parents paying for its Math and English programs.
“This funding will help KYNA fostering new product development, upgrading technology infrastructure, learning experiences, and gaining new market share,” said Tram Ho, Co-founder and Managing Director of KYNA.
In five years, KYNA claimed to have attracted more than 600,000 users in all age ranges. Its products include Kyna.vn, an online short courses in different topics for adults and Kynaforkids, an online courses for children from age 5 to 12 years old.
Adding to its products option, KYNA also has become an e-learning contractor for large corporates in Vietnam.
“This investment will support KYNA’s growth plan, deliver significant social impact through skills training for adults and effective education service for children,” said Jennifer Buckley, Senior Managing Director of SEAF Women’s Opportunity Fund.
Previously known as CyberAgent Ventures, CyberAgent Capital is a Japanese venture capital firm that has been focussing its investment portfolios in Internet startups with founding teams who show potential. In Vietnam, CyberAgent Capital has backed around 30 startups like Foody, NCT Corp, VNG, Tiki, Topica, and Luxstay.
SEAF is an emerging markets private equity fund manager that provides capital, capacity building, and a global network to support small and medium-sized business expansion. The firm is particularly focused on women’s economic empowerment and gender equality. It also pursues companies in health and education, clean energy and smart solutions, sustainability in agribusiness, financial and technological inclusion, and displaced and migrant peoples investing.
The Women’s Opportunity Fund is investing up to US$2 million per investment in growth-oriented, women-led businesses in Vietnam, the Philippines, and Indonesia.