NativeX, an online English learning platform has secured $4 Million in seed funding round. Of the total amount, $1.5 million came from seed investors through a SAFE agreement in June 2023 and remaining $2.5 million came from Ansible Ventures, Blueprint Ventures, and Northstar Ventures.
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NativeX’s mission is to empower adult learners with a well-rounded communication skill set for career advancement through our comprehensive English online learning platform. By utilizing a data-driven approach and scientific learning design on advanced LMS platform, its aim to revolutionize the adult ELT market and offer the most effective and efficient means of learning English.
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Valerie Van V., Founding Partner at Ansible Ventures, emphasized the alignment between NativeX’s innovative approach and their investment thesis, stating, “Improving education through upskilling will be a crucial pillar in Vietnam’s EdTech market. Despite attracting international investments, Vietnam’s labour productivity lags behind other Asian countries, ranking 136th out of 185 countries as of 2021. This situation necessitates the development of training curricula and investment in top talent by local Vietnamese companies to remain competitive. As manufacturers strive to produce higher quality products, the demand for skilled labour will rise. Consequently, initiatives for transformation and upskilling, particularly on-the-job training, will receive increased investments and efforts from business owners in Vietnam. We are excited to co-lead this NativeX seed round and firmly believe in the company’s potential to empower top Vietnamese talents as they advance in their careers.”
Huiting Koh, Founding Managing Partner at Blueprint Ventures, highlights the hallmarks of building NativeX into a leading brand in the EdTech space, sharing, “The company solves a true pain point for Vietnam’s working professionals. The ability to get ahead in their careers is increasingly dependent on a good grasp of the English language – reading, writing, comprehension and verbal communication. NativeX delivers a product that has a strong product human-need fit, creates an emotional affinity with its end consumers by empowering them to reach their goals, and aligns with their values by helping them get ahead in life. These are elements of a strong foundation for NativeX to become a lasting brand. The strong user and engagement metrics at this early stage are equally impressive, combined with the market’s demand for their product. We are excited to partner with our esteemed co-investors and back this experienced management team to build a trusted and credible education technology brand for adult English learning in Vietnam.”
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About NativeX
NativeX is an online English learning platform, designed for working professionals with offices in Ho Chi Minh City & Hanoi, Vietnam. NativeX, is a comprehensive and unified learning platform designed to streamline the learning process. Built on advanced technology, the platform enables convenient access to a diverse range of learning content and study programs.
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