Vietnam’s online education and booking platform Edu2Review has raised an undisclosed sum of funding from Singapore’s Nest Tech venture capital fund. Austin Carter, co-founder and chief financial officer of Edu2Review confirmed the transaction with DEALSTREETASIA, adding that this investment has raised its valuation to seven-digit USD.

Ho Hoan and Austin – founders of Edu2Review

Edu2Review aims to serve 7.5 million users, attract 120,000 course bookings, process data of 20,000 training units in Vietnam this year and then expand the business across Southeast Asia.

To achieve this goal, the company plans to raise additional $3.5 million from investors. The fundraising will be used to recruit 50 more employees and help promote marketing activities across the country, the startup said in an announcement.

Nest Tech venture capital fund was founded by Soe Moe Kyaw Oo, an English businessman working in Singapore. It focuses on tech start-ups, looking for great ideas, a strong team and an executable plan. The fund can invest $50K-$100K per venture, and have a team of programmers to support entrepreneurs.

Source from vcsc