KJ Holdings Invests in Do Ventures Fund II
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KJ Holdings Invests in Do Ventures Fund II

Japanese education group targets Vietnam and Southeast Asia startup opportunities.

9/28/2026
•Ali Abounasr El Alaoui
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KJ Holdings, the Tokyo-based holding company of the Kawaijuku Group, has announced an investment in Do Ventures Fund II LP, a vehicle managed by the Vietnam-focused venture capital firm Do Ventures. The commitment is intended to strengthen the group's presence in Southeast Asia, with a particular focus on education and human resource development. By participating in the fund, KJ Holdings aims to identify local partners and investment targets while supporting the creation of new education value in Vietnam.


Accessing Local Knowledge and Networks

The investment will give KJ Holdings access to Do Ventures' local knowledge and established network in Vietnam. The group plans to use this access to explore business partnerships and investment opportunities, especially in education and workforce development. These efforts are expected to support the Kawaijuku Group's goal of launching new education initiatives and generating long term educational value in the country.

Do Ventures invests primarily in early stage companies, with a focus on Seed to Series A rounds. Its portfolio spans consumer technology, manufacturing technology, AI, education, talent development, healthcare, financial services, and climate related sectors. In addition to providing capital, the firm assists portfolio companies with business strategy, product development, talent acquisition, and growth support.

Vietnam's Education Market Potential

Vietnam is seen by Kawaijuku as an important overseas market due to its high economic growth and expanding middle and upper middle income population. These conditions are expected to drive continued growth in demand for education services. The group views the country as a key part of its international expansion strategy.

Through the fund, KJ Holdings intends to build relationships with promising companies in the education and talent development sectors. The investment also provides a channel to monitor and access Vietnam's broader startup ecosystem, which is attracting increasing attention from international investors. These connections could lead to future business collaborations, direct investments, or the introduction of new educational programs.

Strategic International Expansion

Kawaijuku Group has been using its educational expertise and accumulated assets to pursue new business and investment opportunities outside Japan. Vietnam has been identified as a priority market, reflecting both its demographic trends and rising demand for high quality learning services. The partnership with Do Ventures adds a local investment platform to the group's overseas strategy.

The investment aligns with KJ Holdings' broader goal of creating new education value while expanding its business domains. It also positions the company to respond to shifting education needs across Southeast Asia. The fund's focus on technology enabled and high growth sectors may offer additional insights beyond traditional education services for the group.

Long Term Outlook

The commitment to Do Ventures Fund II LP represents a strategic entry point into Vietnam's venture ecosystem. Kawaijuku Group can observe and evaluate emerging education and workforce models from a local perspective. Over time, the group expects this involvement to generate meaningful opportunities for business partnerships and direct investment.


By investing in Do Ventures Fund II LP, KJ Holdings is taking a measured step into Vietnam's venture ecosystem and education market. The move combines local venture expertise with the Kawaijuku Group's long-standing education experience. It signals the group's intent to pursue strategic growth in Southeast Asia through partnerships, investments, and new education offerings.