Singaporean group pours 50 mln USD into online education firm
Singapore-based Northstar Group has invested 50 million USD in Topica Edtech Group, a technology education company headquartered in Hanoi with more than 1,700 employees.
Topica Native helps students use google glass to speak English (Photo: native.edu.vn)
Hanoi (VNA) - 🐟Singapore-based Northstar Group has invested 50million USD in Topica Edtech Group, a technology education companyheadquartered in Hanoi with more than 1,700 employees.
This is the largest investment in an online education company in SoutheastAsia.
Current investors in Topica Edtech Group include Openspace Ventures, PatamarCapital, CyberAgent Ventures, EduLab Group and IDG Ventures.
The Topica Edtech Group offers online English classes, with more than 2,000short courses using English language video tutorials and a platform that allows12 universities in Southeast Asia to offer training programmes and issue onlinecertifications.
Topica, which was established in 2008, is also operating a number ofdevelopment programmes for businesses.
Northstar Group is managing more than 2 billion USD in committed equity capitaldedicated to companies in Indonesia and, to a lesser extent, other countries inSoutheast Asia. It has a track record of growing the businesses of itscompanies over its investment horizon.
﷽ Since its founding in 2003, Northstar Group has raised four private equityfunds and invested in more than 30 companies across the banking, insurance,consumer retail, manufacturing, oil and gas, coal and mining services,technology, telecom and agribusiness sectors.-VNA
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Topica Native helps students use google glass to speak English (Photo: native.edu.vn) 
