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Singapore-based UOB and existing investors supply the fresh funds
The ELSA app, right: Vietnam's edtech sector has been drawing strong investor interest. (NIKKEI montage/Source photo by AP and screenshot from ELSA website)
QUYNH NGUYEN., DealStreetAsiaSeptember 12, 2023 13:41 JST
HANOI -- AI-based English learning app ELSA, backed by Vietnam Investment Group (VI Group), is understood to have raised $20 million in a new funding round led by UOB Venture Management, the private equity arm of Singapore-based bank UOB, DealStreetAsia has learned.
The latest funding comes two years after the company raised $15 million in its Series B round co-led by VI Group and international investor SIG. Existing investors Gradient Ventures, an AI-focused venture fund launched by Google; SOSV and Monk's Hill Ventures as well as new investors Endeavor Catalyst and Globant Ventures had also joined the previous round.
Vietnam English learning app ELSA raises $20m
Singapore-based UOB and existing investors supply the fresh funds
asia.nikkei.com
