NPX Point Avenue, a Singapore-based education technology firm catering to K-12 market, has raised $12 million in a Series A funding round led by Hong Hong-based private equity firm Gaw Capital.
Launched in 2018, NPX Point Avenue provides K-12, after-school educational services that span English learning, test preparation, competitive debate coaching, admissions consulting, life coaching, and leadership camps across Southeast Asia. Besides the above services, the platform also offers a unique mentoring system that develops student character, soft skills, and leadership skills often side-lined in traditional school system.
NPX Point Avenue seeks to create an ambitious roadmap for expansion in K-12 private bilingual schools, hybrid learning focused education technology, and hybrid academies, targeting Hanoi, Ho Chi Minh City, and Bangkok. The startup combines academic rigor and education with a team of passionate, experienced educators to prepare students for lifelong success.
Commenting on the funding and how it will help the company, Danny Hwang, Co-CEO of NPX Point Avenue, said,
“We are thankful to work with Gaw Capital and Generation Growth Investors Ltd., which, combined with our team’s talent and efforts, will enable NPX Point Avenue’s continued growth and success in Vietnam, Thailand, and beyond.”
Adding about the company, Samuel Hwang, Co-CEO, Chief Technological Officer, said,
“Our strategy of integrating both online and hybrid learning for both the K-12 private bilingual school and after-school training business is a winning formula we believe will allow us to be the top EdTech company in the region.”
NPX Point Avenue’s approach uniquely emphasizes active remote learning with interactive live-streamed classes, using a platform that enables students to complete assignments and receive individualized teacher feedback. Its courses can be taken completely online, through their live class tool, or in a hybrid fashion, via their online learning management system and state-of-the-art facilities. The live class tool captures the spirit of in-person instruction for remote learners and teachers through collaborative tools and allows NPX Point Avenue to provide unique offerings such as online debate courses, where students can compete with international peers.