Vietnam’s e-learning startup Kyna.vn raises seed round from CyberAgent Ventures

Vietnam-based e-learning platform Kyna.vn has raised an undisclosed round of seed funding from CyberAgent Ventures, a Japanese investment firm.

Founded in 2013, Kyna.vn — which is the abbreviated version of ky nang (Vietnamese for skills) — is the first startup in Vietnam to receive capital from CyberAgent Ventures’ second Southeast Asia $50 million fund launched in June 2015.

CyberAgent Ventures launched its first $20 million fund for Southeast Asia in September 2011. The venture capital firm had used the first fund to invest in various technology startups including Tiki.vn, Foody.vn, and batdongsan.

Kyna.vn’s primary business model revolves around providing Vietnamese learners with online courses taught by experts for a fee. Learners can attend classes 24/7, chat with their teachers and other students, and better understand each course with exercises. Upon completing each exercise, learners will receive Kpoint’s which they can use to redeem books or vouchers on the website.

The company claims to have garnered 200,000 learners from Vietnam alone, and 100 experts who have published 200 courses in fields like communication skills, sales, business, digital marketing and entrepreneurship.

“In order to provide [the] most convenient learning method for learners while [maintaining] learning effectiveness, Kyna.vn has put quality as our mission and also our unique selling point. We commit to refund if learners do not find our course [valuable] to them.”

Kyna.vn will use the new funds to increase the number of online programmes available on its platform to 1,000 courses by end-2016. It will also hire experts from “foreign, reputable institutions”, noted the company. Learners will also receive certificates to help them enhance their resumes when applying for a job.

“As Vietnam will integrate into regional and global economy in upcoming years, skills training has become more critical than ever and this is solution for not only individuals but also enterprises to survive in [the] future,” said Nguyen Manh Dzung, the chief representative and investment director of CyberAgent Ventures in Vietnam and Thailand.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.