• IDGVV Press Releases

Hocmai.vn receives investment from IDG Ventures Vietnam

Ho Chi Minh City, April 3, 2008

Education Services and Investment JSC (www.hocmai.vn) today announced the company has closed the round of series A funding from IDG Ventures Vietnam. IDG Ventures Vietnam officially becomes a strategic partner of Hocmai.vn. The funds will be used to continue in infrastructure build-out, creat brand recognition, and research and development of new area in e-Learning.

On this special occasion, Mr. Nguyen An Ninh, head of General Department for Testing and Education Quality Accreditation, will attend and announce the collaboration with Hocmai.vn to launch online trial high school final examination and university entrance examination started from April 2008. This program is free of charge and will help student to track their learning progress, self-evaluate and practice to prepare for the official exams.

Duc Tran – General Partner of IDGVV said “We are pleased to be investing in such an excellent team and are looking forward to supporting the mission of the company. Education is such an important part of the lives of people in Vietnam, and hocmai.vn is providing the resources for students to prepare for college and a life of higher learning. As a firm, we are looking forward to making other investment related to education in Vietnam”.

About Hocmai.vn

Founded in March 2007, within a year website học tập trực tuyến www.hocmai.vn attracts more than 320.000 subscribers with thousands of students who access to conduct research and study daily. The website gets great feedback about its rich and qualified content that selectively composed by the most competent teachers, professors from the prestigious high schools and universities nationwide.

Taking part in the Digital Era School – www.hocmai.vn, students can gain self-study habit as well as other computer skills, have chance to make friends, exchange knowledge, discuss and learn from each others. In addition, students can get help in person regarding any question, concern about career orientation, examinations and other education matters by calling 1-900-58-58-12 or through online consultation for math, physics, chemistry, biology, history, literature, geography and English.

Hocmai.vn also partner with many education and media organizations. Those are the sources to provide adequate reference and educational information:

– Departments of Ministry of Education and Training such as Testing and Education Quality Accreditation, Secondary Education Departments: provide official information from MOET correctly and promptly; supervise and verify the exams and tests’ content in the website.
– Competent teacher from the most prestigious high schools and universities: National University, Hanoi National University of Education, Hanoi-Amsterdam High School, Chu Van An High School…
– Scientific and Educational Department – Vietnam Television: offer free online lectures broadcasted in VTV 2 at the website.
– Education Publishing House: provide full range of textbooks from first grade to 12th grade in eBook forms for free.
– Muc Tim Magazine and Hoa Hoc Tro Magazine:  give readers in deep information related to education, examination the 2 leading magazine for adolescences in North and South.
– FPT Corporation, Vietnam Multimedia Corporation: offer value – added services that assist students’ learning progress.

As a leader in providing E-learning services, Hocmai.vn gradually becomes the prideful school for the new generation students, contributing remarkably to the education socialization and learning society building process.

For further information, please contact:
Ms. Le Thi Thanh Thuong
Education services and Investment Jsc.
Suite 2203, 24T2 Building
Hoang Dao Thuy street, Hanoi, Vietnam
Tel: +84 4 281-5120
Fax: +84 4 281-5122
Email: thuonglt@hocmai.com.vn

About IDG Ventures Vietnam

IDG Ventures is a global network of venture capital funds with over $2 billion under management and a portfolio of over 220 companies built over the last 15 years. The IDG Ventures network is comprised of six independent partnerships managing funds in North America and Asia. Each partnership makes investments on behalf of its limited partners, including International Data Group (IDG), the world’s largest IT media company. By combining the IDG platform – an unparalleled combination of global publishing, market research (IDC), and conferences and exhibition resources – with years of hands-on experience in early-stage company building, each IDG Ventures fund helps companies understand their markets better and penetrate them faster than their competition.

With partnerships in Boston, San Francisco, India, Korea and multiple locations throughout China and Vietnam, the IDG Ventures network offers the international perspective and the local market expertise to help companies grow from start-ups to global success stories. Previous investments by the firm include Excite, F5 Networks, Netscape, Spinner.com, VA Linux, and Baidu.com.

Founded in 2004, IDG Ventures Vietnam (IDGVV) is the first American technology venture capital fund in Vietnam. With $100 million under management, IDGVV invests primarily in privately-held, early to middle-stage technology, media, and telecom companies in Vietnam and Southeast Asia. The Fund works closely with the diverse, high growth companies in its portfolio and provides deep support to its entrepreneurs. IDG Ventures Vietnam has invested in a diverse portfolio of leading technology firms including: VinaGame, VinaPay, iSphere, Goldsun Focus Media, Vega, MSS, YeuAmNhac, DreamViet,…

For further information, please contact:
Ms. Duong Thu Huong
Operations & PR Manager, IDG Ventures Vietnam
SunWah Tower, Suite 1108
115 Nguyen Hue St., District 1, Ho Chi Minh City, Vietnam
Tel: +84 8 827 8888
Fax: +84 8 827 8899
Website: www.idgvv.com.vn/en