Edtech

Prep, a Vietnamese edtech raises $7M Series A for you to ace your standardized language tests

May 7, 2024

Prep for it with Prep! Vietnamese edtech startup Prep allows students to easily prepare for standardized language tests. Now, they’ve just raised a $7M Series A!

  • Founded in 2020, they claim to have hundreds of thousands of students in cities as well as Tier 2 and 3 cities.

Investor check. Cercano Management Asia and Northstar Ventures co-led the round.

  • Touchstone Partners, East Ventures, and Saison Capital also joined in.
  • They last raised $1M last year.

📚 What they do

They offer online resources for you to ace your exams like the IELTS, TOEIC, and HSK.

  • 95% of these students see their scores improve in as little as two months.

In Vietnam, acing these exams can help you land a great job or get accepted into university—key milestones that improve their chances of success.

🗣️ How they do it

High-quality lecture videos. Learn from teachers who aced their language exams, are former international students, and graduated from prestigious universities.

  • Learn anytime, anywhere.

Practice tests done right. Get full samples, exercises, mini-tests and progress tests that feel like real exams.

Accurate ratings. They have AI-powered Virtual Speaking Rooms and Virtual Writing Rooms designed to simulate the actual test-taking environment.

  • Students can practice their speaking, pronunciation, and writing and receive feedback from AI.
  • This includes realistic test simulations with an AI examiner that can provide as a guide by providing a step-by-step guide on how to improve.

💰 What’s with the $$$?

They’ll grow the team, refine their proprietary tech to create more personalized learning experiences, and expand into other language products and new international markets.

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