Vietnam English learning app ELSA raises $20m

Singapore-based UOB and existing investors supply the fresh funds

20230912 DSA ELSA

The ELSA app, right: Vietnam's edtech sector has been drawing strong investor interest. (NIKKEI montage/Source photo by AP and screenshot from ELSA website)

QUYNH NGUYEN., DealStreetAsia

HANOI -- AI-based English learning app ELSA, backed by Vietnam Investment Group (VI Group), is understood to have raised $20 million in a new funding round led by UOB Venture Management, the private equity arm of Singapore-based bank UOB, DealStreetAsia has learned.

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