The company eyes two million paid users among 20 million Vietnamese students by 2025. It now has 500,000 paid users.

It also wants to reach out to new markets in Southeast Asia.

Established in 2018, Educa Corporation uses technology to mitigate challenges in learning. It provides online English teaching lessons to students with international standards.

Redefine Capital Fund is backed by Alibaba and Ant Financial with hundreds of millions of dollars.

Last year, the fund invested $50 million in Seedcom, which operates coffee chain The Coffee House and women’s accessories chain Juno.