Do Ventures backs South Korean edtech firm’s Vietnam entry

Ringle, a South Korea-based English language learning platform, has raised an undisclosed sum in a series A extension from Do Ventures. This adds to the firm’s earlier US$18 million series A round meant for global expansion.

Ringle co-founders Seunghun Lee (left) and Sungpah Lee / Photo credit: Ringle

Founded in 2015 by Seunghun Lee and Sungpah Lee, Ringle uses AI in assessing students’ speech pace, vocabulary range, and frequently-used words and phrases. It also helps tutors provide real-time feedback and gives a conversation transcript after each live session.

The fresh raise will fund the company’s entry into the Vietnamese market, bringing in 1,300 active tutors as well as 950 lesson materials that will be shared with around 100,000 users worldwide.

In terms of English proficiency, Vietnam ranks 12th out of 24 Asian countries and 65th out of 112 nations globally, falling under the low proficiency category.

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