Prep
Prep offers online courses and mock exam solutions for standardized language tests such as IELTS, TOEIC, and Vietnam’s High School Graduation Exam.
EdTech
Startup Description
Established in 2020, Prep emerges as a leading online platform dedicated to language learning and test preparation. Founded by Tu Pham and his close friend, Chief Technology Officer Nam Tran, Prep leverages cutting-edge technology to deliver high-quality education at an accessible price point. Their core mission lies in breaking down geographical and financial barriers that traditionally hinder access to effective language learning opportunities.
Prep's innovative approach centers on its proprietary AI technologies. These include AI-powered Virtual Speaking and Virtual Writing Rooms, which empower the platform to scale efficiently while maintaining exceptional quality. This combination of technological innovation and affordability allows Prep to extend its reach beyond major metropolitan centers. They now cater to a broader demographic, including students in Tier 2 and 3 towns and cities, along with underprivileged communities.
Driven by a personal understanding of the challenges faced by students in geographically dispersed areas, Prep was born from a desire to bridge the gap between quality education and accessibility. Founder Tu Pham, with his extensive experience in exam preparation and language programs, recognized the limitations imposed by traditional learning models that require physical attendance at a fixed location. Inspired by the need to connect students with qualified instructors regardless of distance, Prep embraces a digital-first approach. Their platform offers personalized study plans, interactive learning content, and AI-powered test and role-playing rooms, empowering students to achieve their academic goals regardless of their location. Prep aspires to become the leading test preparation platform, leveraging innovation and technological creativity to establish itself as a widespread and effective learning solution, both domestically and internationally.
In 2022m Prep raised $1 million in a Seed Funding Round from Touchstone Partners.
In April 2023, Prep raised another $1 million from East Ventures and Cercano Management.
In May 2024, Prep raised $7 million in Series A funding co-led by Cercano Management Asia and Northstar Ventures, other investors -Touchstone Partners, East Ventures and Saison Capital also joined the round.
Startup Details
Venture Round
Series A
Website
Address
House number 20, alley 234/35 Hoang Quoc Viet street, Co Nhue 1 ward, Bac Tu Liem district, Hanoi city
Investors

East Ventures is an early-stage sector-agnostic venture capital firm. The firm has supported more than 170 companies in the Southeast Asian region.

Northstar Ventures invests in innovative, high-growth businesses and social enterprises across the region.

Credit Saison's venture capital arm invests in Pre-Seed to Series B companies globally, with a focus on Southeast Asia and India

Touchstone Partners envisions a community where local and foreign future technologists and business leaders convene in Vietnam and create a positive impact.