Marathon Education was created after its founders realized after-school education in Vietnam hadn’t evolved much since they were kids. Some of the most popular tuition centers in big cities teach hundreds of students at once. “They’re packed like sardines and that really has not changed in the past one or two decades when I went to these sorts of classes in Vietnam,” said co-founder Pham Duc.
Pham launched Marathon six weeks ago with his brother-in-law Tran Viet Tung to make after-school learning more accessible in Vietnam. Today the startup is announcing it has raised $1.5 million in pre-seed funding led by Forge Ventures (a new fund launched by Alto Partners), with participation from investors including Venturra Discovery and iSeed SEA.
Marathon is currently focused on math and science courses for grades six to 12 of the National Curriculum developed by Vietnam’s Ministry of Education and Training (MOET), and will eventually cover all MOET subjects.
Before founding Marathon, Pham was an investor at TPG Global, while Tran is a serial entrepreneur whose previous startups include travel platforms Triip.me and Christina’s. Both grew up in Hanoi and spent much of their childhoods going to after-school learning centers.
About 50% to 70% of K-12 students attend …read more
Source: Tech Crunch