Japan's Kawaijuku backs Vietnam's Do Ventures Fund II to build education plays
What's the deal? KJ HoldingsDealroom has a profile for this one. Try Dealroom →, the holding company of Japan's KawaijukuDealroom has a profile for this one. Try Dealroom → education group, has invested in Do Ventures Fund II, LP, a venture capital fund managed by the Vietnam-based firm Do VenturesDealroom has a profile for this one. Try Dealroom →. The investment was made in September 2026; the fund size was not disclosed.
What's the endgame? KawaijukuDealroom has a profile for this one. Try Dealroom → wants to use Do Ventures' Vietnam network to find education and talent-development companies for future partnerships and direct investments. The goal, it says, is to develop new education businesses and "new forms of educational value" in the country.
Why now? Kawaijuku frames Vietnam as one of its key overseas markets, citing strong economic growth and an expanding middle class driving demand for education. The group is leaning on the educational expertise and assets it has built over decades to expand abroad.
Who's Do Ventures? Founded in 2020 and led by founding partner Vy Le, the Ho Chi Minh City firm invests in seed to Series A startups across Vietnam and Southeast Asia. Its sectors span consumer technology, manufacturing technology, AI, education and upskilling, healthcare, financial services, and climate tech.
Beyond capital, Do Ventures supports portfolio companies on business strategy, product development, talent, and expansion.
The signal: A legacy Japanese education group taking an LP stake in a Vietnamese fund shows how established players are buying access to Southeast Asia's startup ecosystems rather than entering cold. For Kawaijuku, the fund is a foothold — a way to map promising companies before committing to deals of its own.
Read more: prtimes.jp
Image credit: hams37
