Published July 6, 2022
Azota raises $2.4M from GGV Capital, Do Ventures, and Nextrans
Azota, an EdTech platform that allows teachers to create and grade online tests efficiently, has raised $2.4M in a Pre-Series A round led by GGV Capital. Other backers include Nextrans and existing investor Do Ventures.
With the outbreak of the global pandemic leading to prolonged school lockdowns in Vietnam in mid-2021, Azota's founding team decided it was high time to start building products that could expand teachers' repertoire by innovating their traditional teaching practices. "Our vision is to help teachers use their time and energy in new ways. We believe that by being able to reduce labor-intensive tasks, teachers could better spend their valuable time on impactful actions such as working more closely with individual students, or creating more engaging lessons for their students,” said Au Nguyen, Co-founder & CEO of Azota.
Azota is created with a user-friendly interface that is very simple to use even for teachers with little technology experience. Its automated grading tool, which is built based on Vietnamese teaching materials, has a 99% accuracy rate, cutting the manual grading process from two hours to two minutes. The company has acquired teachers organically since day one via a product-led growth strategy. It has managed to build Vietnam’s largest teacher community with over 300,000 active members. Through this community, teachers can give constant feedback to Azota, allowing the team to continuously improve its products based on actual needs.
Azota is the only local EdTech product endorsed by the Ministry of Education and Training for the 2021 National online teaching training program. Having won several State tech competitions, including the Gold Prize of Make in Vietnam Digital Product Awards 2021, the company has actively contributed to the digital transformation in education.
With the fresh financing, Azota plans to improve its system performance and introduce more features to better serve the needs of teachers. The company's goal is to become a holistic teaching platform that can enhance hybrid learning in the post-Covid era.
"Our partnership with Azota is underpinned by our commitment to team up with local founders who dedicate themselves to solving the foundational problems of our time – education being one of them. Using technology to empower teachers to teach better, Azota makes great education accessible to millions of students. They can unleash the true potential of teachers to groom the next generation of Vietnamese youth,” said Jixun Foo, Global Managing Partner at GGV Capital.
"Do Ventures is delighted to continue our investment in Azota. We are thrilled to support an inspired and driven founding team from the beginning, and see them evolve with a vision to transform education,” said Vy Le, General Partner at Do Ventures.