21:59 (GMT +7) - Friday 22/02/2019

Business

Kyna secures new investment

Released at: 11:24, 30/01/2019

Kyna secures new investment

Photo: Kyna.vn

Online learning website picks up new capital from investors.

by Ngoc Lan

The SEAF Women’s Opportunity Fund, CyberAgent Capital, and a number of other investors announced on January 29 they will invest in online learning website Kyna.

This is the second time Kyna has received investment from CyberAgent Capital, following the first in April 2016.

The new capital will be used to invest in Kyna’s fast-growing online training product for children, in which more than 150,000 parents have already chosen its Math and English programs.

With humorous images and quality content, Kyna for kids helps parents save time and costs while children are able to absorb knowledge effectively.

Ms. Ho Hong Bao Tram, Co-founder and CEO of Kyna, said the new capital will help it accelerate product launches, optimize technology, improve the learning experience, and expand to other markets.

Ms. Jennifer Buckley, Executive Director of the SEAF Women’s Opportunity Fund, said the investment will bolster Kyna’s ambitious growth plans. “It also has a major social impact through skills training for adults as well as providing a useful online training solution for children,” she said.

Operating in the field of online education (e-learning) for nearly five years, Kyna has attracted more than 600,000 students of all ages with its diverse online education solutions. Kyna for kids provides courses in Math and English for children from kindergarten to primary school.

Kyna also provides online training services for many large businesses such as Abbott, Dat Xanh, and Samsung.

A major investment fund from Japan with operations in the US and eight Asian countries and territories and especially active in Vietnam, CyberAgent Capital has invested in over 25 startups in the internet and technology fields, including well-known names such as Foody, Tiki, VNG, and Topica.

The SEAF Women’s Opportunity Fund is currently investing in female-led and growth-oriented businesses in Vietnam, the Philippines, and Indonesia, with investment of up to $2 million in each case. It has invested in about 400 companies in 29 countries and territories since 1989.

In Vietnam, in addition to its investment in Kyna, the Fund has also invested in the Phuong Chau International Maternity Hospital and the Organica Organic Product Distribution Company.

User comment (0)

Send comment