Vietnamese education technology company Galaxy Education (GE) has secured nearly $10 million in funding from East Ventures and other investors, according to an announcement on Monday.
The funding round comes as GE achieved full profitability company-wide in Q1 2025, having already turned positive EBITDA in its K-12 vertical from April 2024.
DealStreetAsia was the first to report this investment earlier on Monday. In May last year, DealStreetAsia had reported that Galaxy Education was in the market to raise about $10-20 million in fresh funding to scale its business across the country.
The fresh capital will primarily fund GE’s national English as a Second Language (ESL) programme, which aligns with the Vietnamese Politburo’s directive to improve English proficiency across the country.
The initiative targets both public schools and underserved communities, addressing teacher shortages and learning outcome gaps.
“GE is one of the few edtech companies in Southeast Asia to achieve profitability in such a short time,” said Luong Cong Hieu, CEO of Galaxy Group. “Their quality-first strategy and financial discipline make them a standout.”
At the heart of GE’s strategy is its AI-powered ICAN platform, designed to personalise learning experiences for students through the use of AI agents. This technology also offers real-time adaptive support for teachers. By leveraging this platform, GE aims to provide quality education at scale while maintaining affordability.
“Vietnam’s education sector presents strong growth potential, fueled by rapid digital adoption, an expanding middle class, and increasing private sector participation. We believe in Galaxy Education’s strategic vision and strong execution as a leading player in this space, which distinguishes them from their peers and has enabled them to achieve profitability. With a promising outlook supported by favourable policy tailwinds and continued strong execution from the team, we are excited to support their journey and look forward to their future growth,” said Roderick Purwana, Managing Partner at East Ventures.
Founded in 2020 through the acquisition of Vietnam’s leading K-12 platform HOCMAI, GE has expanded through strategic acquisitions. In 2023, the company acquired FUNiX, Vietnam’s first online university, extending its reach into workforce upskilling and lifelong learning.
The company operates three main brands: HOCMAI, Vietnam’s K-12 online learning platform; ICAN, language and foundational tech education for young learners; and FUNiX, an online university focused on vocational and digital skills.
As of early 2025, GE serves a cumulative total of over 8 million learners across Vietnam and 34 countries.
Early this year, Kyna English, an edtech startup based in Vietnam, announced the completion of its Series B funding round anchored by private equity firm Asia Business Builders (ABB). Other edtech startups that raised funds last year include Prep, NativeX, and Kapla Vietnam.
