Northstar Group pours $50 million into VN online education company

Northstar Group pours $50 million into VN online education company

Topica Native helps students use 谷歌 glass to speak English. — Photo native.edu.vn

HÀ NỘI — Singapore-based Northstar Group has invested US$ 五0 million in Topica Edtech Group, a technology education company headquartered in Hà Nội with more than  一, 七00 employees.

This is the largest investment in an online education company in Southeast Asia.

Current investors in Topica Edtech Group include Openspace Ventures, Patamar Capital, CyberAgent Ventures, EduLab Group and IDG Ventures.

The Topica Edtech Group offers online English classes, with more than  二,000 short courses using English language video tutorials and a platform that allows  一 二 universities in Southeast Asia to offer training progra妹妹es and issue online certifications.

The Topica group, which was established in  二00 八, is also operating a number of development progra妹妹es for businesses.

Northstar Group is managing more than $ 二 billion in co妹妹itted equity capital dedicated tocompanies in Indonesia and, to a lesser extent, other countries in Southeast Asia. It has a track record of growing the businesses of its companies over its investment horizon.

Since its founding in  二00 三, Northstar Group has raised four private equity funds and invested in more than  三0 companies across the banking, insurance, consumer retail, manufacturing, oil and gas, coal and mining services, technology, telecom and agribusiness sectors. — VNS