Vietnamese edtech startup MindX scores $15m in Kaizenvest-led Series B round


Vietnamese edtech startup MindX has raised $15 million in a Series B funding round led by education-focused private equity fund Kaizenvest.

The company’s mission is to empower Vietnamese innovators to address global challenges through technology, offering an ecosystem that includes education, job matching, and startup space.

Founded in 2015, MindX has graduated over 35,000 students, many of whom now have successful technology careers in nearly 20 countries.

The new investment comes just a year after MindX closed nearly $3 million in a Series A funding round in November 2021. Since then, the company has more than tripled its geographical coverage to more than 32 campuses across Vietnam, making it the largest coding educator in the region.

MindX has also expanded its course offerings beyond coding to other in-demand technology-related skills such as blockchain, data analytics, and UI/UX design.

MindX’s classes have adopted a hybrid learning model, giving students the flexibility to attend classes in-person or join virtually from home.

This approach has been particularly impactful for learners in remote and mountainous areas, who may not have access to high-quality technology education.

With the proceeds from the Series B round, MindX plans to further develop its portfolio of products and services, hybrid learning experience, and data-driven systems to scale up Vietnam’s digital talent pool.

It also aims to connect Vietnamese tech talents with employers in other parts of the world, including the US and Europe. MindX currently partners with over 200 companies in Singapore, Australia, Thailand, and other countries to enable global access to the digital workforce from Vietnam.

“The company (MindX) is well-positioned to lead the coding and digital skills space in Vietnam. We are delighted to associate with the founding team as they have consistently delivered high-quality learning outcomes. We believe this investment fits within the future of learning themes and is a testament to our confidence in the growing demand of technology courses across Southeast Asia during the long term,” said Sandeep Aneja, Founder and Managing Partner of Kaizenvest.

“Our dream is to create a ‘Little Silicon Valley’ in every Vietnamese neighborhood, where everyone is empowered to create cool digital products that make the world a better place. It’s not just a physical space to unleash creativity; it’s a state of mind. The engineering culture and entrepreneurial spirit are embedded in every aspect of our business, from course design to learning experiences,” said Nguyen Thanh Tung, co-founder and CEO of MindX.

Innovators and creators are nurtured, not born. Today, we would like to prepare young learners with the skills and mindset needed to create innovative tools, technologies, and even unknown jobs to address unknown challenges of their times.

MindX’s mission is to empower Vietnamese innovators and contribute to the development of the global tech industry.