# Topica Edtech Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/topica-edtech-group

- Industry: Education/Training
- Headquarters: Singapore, Singapore
- Website: www.topica.asia
- Total disclosed funding: $69M
- Latest round: Series B (Mar 18, 2021)
- Investors on record: 4

## About

Topica Edtech Group is a Singapore-based company focused on digital education solutions, providing innovative learning management systems and professional development courses for institutions and individuals across Southeast Asia.Founded in 2008 in Singapore, Topica Edtech Group specializes in online education, offering a range of learning solutions. The company's founders include Jacob Bollo, Nhat Bui, and Tuan PHAM, with Phat Dinh currently serving as CEO. Topica has secured a total of USD 3.06 mn in funding, including the latest Series B round, which was raised from investors such as EduTech VC, Endeavor Catalyst, and UpHonest Capital. The company's current valuation stands at USD 165.856 mn, with a total of 4 funding deals completed.Topica Asia specializes in providing innovative digital solutions tailored for educational institutions and professionals seeking online learning opportunities. The company's core offerings include a comprehensive Learning Management System (LMS), which facilitates the delivery of educational content and resources to users across various platforms. By integrating advanced features such as interactive assessments, progress tracking, and user analytics, the LMS enhances the learning experience for both students and educators. In addition to the LMS, Topica Asia offers training programs and courses designed to meet the evolving needs of businesses and individuals, focusing on skill development in areas such as technology, marketing, and management. The primary client base includes educational institutions, corporate training departments, and individual learners, with a significant presence in Southeast Asian markets such as Vietnam, Indonesia, and the Philippines.In 2022, Topica Asia recorded a revenue of USD 0, with an EBITDA of USD -1,088,366. The company generates revenue through a multifaceted business model that encompasses both B2B and B2C transactions. Operating primarily on a subscription basis, Topica offers tiered pricing plans for its Learning Management System and corresponding training programs. Partnerships with educational institutions and corporations facilitate access to customized solutions, enhancing client engagement and revenue streams. Revenue is further supported by direct sales of individual courses, catering to lifelong learners seeking professional development.Topica Edtech Group is focused on expanding its product offerings, with plans to launch new training programs designed for corporate clients in the technology sector by mid-2024. The company aims to enter new geographic markets, targeting growth in Malaysia and Thailand by the end of 2024. Recent funding from new investor Obunsha Ventures will be utilized to support these initiatives, enhancing product development and market entry strategies.

## Funding rounds

- Series B, Mar 18, 2021, $3.1M — Endeavor Catalyst, EduTech, UpHonest Capital
- Series B, Aug 21, 2019, $63M — Endeavor Catalyst, EduTech, UpHonest Capital
- Series A, Mar 21, 2018, $3M — Openspace Capital

## Investors

- Openspace Capital (https://capitalatlas.ai/funds/openspace-capital) — Series A
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- EduTech (https://capitalatlas.ai/funds/edutech) — Series B
- UpHonest Capital (https://capitalatlas.ai/funds/uphonest-capital) — Series B