Vietnam-based e-learning startup Kyna.vn bags 7-digit seed funding from CyberAgent Ventures

Kyna

It will use newly-raised capital will accelerate the number of online programs to 1,000 courses this year

Vietnam-based e-learning platform Kyna.vn has raised an undisclosed seven-digit seed funding from CyberAgent Ventures.

The capital will come from CyberAgent Ventures‘s second fund for Southeast Asia, which is valued at US$50 million – and will mark the fund’s first deal in Vietnam.

Kyna.vn plans to use this newly-raised capital to increase its online courses to 1,000 this year.

Founded in 2013, Kyna.vn (Kyna is abbreviation of “ky nang”, which means skills in English) offers online courses created by both domestic and foreign experts. It is aimed at helping Vietnamese build their soft skills and professional skills through Q&A sessions with professionals and a community of learners.

All academic content are scrutinised thoroughly in terms of both academic aspect and learners’ experience, said the official press release.

Each course lasts from 1 to 5 hours long and are broken down into shorter videos spanning 10 to 15 minutes.

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Kyna.vn has also enabled gamification features: users can earn “Kpoints” after completing practices and assessment, these credits can be converted into books or exchange them for vouchers for their next course.

Currently, it has partnered with more than 100 experts, and have published 200 courses in diversified fields such as communication skills, sales, business, entrepreneurship, and digital marketing.

In addition, the platform experiences 30,000 new enrolments each month, and has garnered over 200,000 unique users.

Soft skills may potentially provide a big boost to Vietnam’s fledging tech ecosystem. According to the Ministry of Labour and Social Affairs, Vietnamese graduates are severely lacking in professional and soft skills, which, in turn, leads to low productivity.

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“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 future…I believe Kyna.vn will grow well in Vietnam and soon expand to other developing countries in the region,” said Nguyen Manh Dzung, Chief Representative and Investment Director of Cyberagent Ventures, Inc. in Vietnam and Thailand.

Based on recent developments, Vietnam’s edtech prospect looks rosy. Last year, edtech giant Topica opened the region’s first edtech lab, and acquired Hanoi-based co-working space Hub.IT this year.

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