Kyna English overcomes funding challenges and expands internationally: Successful Series B funding from ABB confirms a breakthrough business strategy and new opportunities for Vietnamese startups amid market turmoil.
In the face of a declining venture capital market in Vietnam, startups are facing significant challenges in securing funding. The year 2023 and the first half of 2024 have seen a contraction in available capital, a sharp decrease in successful deals, and investors becoming increasingly selective, choosing only businesses that demonstrate exceptional operational efficiency.
This raises a critical question: Can Vietnamese startups survive and thrive during this turbulent period?
Amid these challenges, Kyna English has emerged as a beacon of success with its Series B funding round, securing over US$10 million from Asia Business Builders (ABB), a prominent regional investment fund, alongside DTP Education Solutions. Kyna’s success has not come easily; the company has demonstrated exceptional business strategy, the feasibility of its online education model, and the potential for regional expansion in Southeast Asia.
This achievement underscores Kyna’s ability to overcome adversity and marks a pivotal moment, inspiring other startups. While many businesses are struggling, Kyna’s success proves that opportunities still exist with the right strategy and clear core values, even in the most challenging times.
Kyna English – Leading Education Platform in Southeast Asia
To date, Kyna English has expanded its reach across Southeast Asia, with a presence in five countries: Vietnam, Thailand, Indonesia, Malaysia, and Laos. As a trailblazer in education, Kyna offers personalized 1-on-1 English lessons, connecting over 150,000 learners with more than 8,000 experienced educators. The platform’s courses are tailored to meet each student’s individual needs and goals, significantly improving language proficiency.
In addition to its high-quality teaching staff, Kyna continues to innovate with its Kyna AI Tutor technology—an advanced communication practice solution. This technology allows students to practice English anytime and anywhere, providing a flexible and highly personalized learning experience. As a result, Kyna has successfully facilitated over 10 million lessons, averaging 15,000 classes daily, reinforcing its leadership in the online education sector.
With impressive growth in both revenue and student numbers, Kyna English has solidified its position as a leader in online education and continues to expand throughout Southeast Asia. This success is a testament to Kyna’s creativity and effectiveness, highlighting its commitment to sustainable growth in the edtech sector. A representative from Asia Business Builders (ABB), the investment fund that partnered with Kyna in its Series B funding round, remarked: “We see immense potential in Kyna English, not only in Vietnam but across the entire region. They have proven their creativity and commitment to sustainable growth in online education.”
Simultaneously, Kyna English CEO Mrs. Ho Hong Bao Tram said: “The support from ABB has been a crucial stepping stone in realizing our vision of bringing personalized English education to learners across Southeast Asia and beyond.” These statements further validate investor confidence and emphasize the strategic vision that will propel Kyna English to new heights on regional and international education maps.
Affirming Leadership and Ambition to Expand
The successful completion of Kyna’s Series B funding round marks a significant milestone in the company’s journey, further solidifying Vietnam’s leadership role in Southeast Asia’s edtech sector. This growth highlights the tremendous potential and groundbreaking innovation that Vietnamese startups are bringing to the regional market.
Kyna English is more than just an English learning platform; it has become a trusted partner for the younger generation on their journey to global integration. Through its groundbreaking 1-on-1 educational model and state-of-the-art technology, Kyna equips students with the tools to master English and confidently engage on the global stage.
The partnership with Asia Business Builders (ABB) and DTP Education Solutions—one of the leading investors in the book publishing and educational content sector in Vietnam—marks an important milestone in Kyna’s expansion. This collaboration will enable the platform to continue scaling, enhancing service quality, and maintaining its leadership in Southeast Asia’s 1-on-1 online education trend. With a spirit of innovation and a commitment to excellence, Kyna is dedicated to providing exceptional learning solutions and driving the sustainable and disruptive growth of online education in the region.
Don’t miss the opportunity to explore the modern 1-on-1 English learning model from Kyna English, where you can optimize your time and enhance your learning effectiveness. Start your journey to mastering the language today and expand your horizons for international integration with Kyna!
