Mana.bo, the company providing real-time tutoring help via a virtual whiteboard, today informed Tech in Asia that it has raised JPY 330 million (US$3.07 million) in series A funding from Benesse Holdings, Nissay Capital, and MUFJ Capital. The funding comes after a US$374,000 round, led by CyberAgent Ventures, in May last year.
The startup’s new cash is earmarked for marketing, launching a business-to-consumer (B2C) division, and development on new features. ...continue reading ...
Tech In Asia 9/18/2014 [en]
- Benesse has provided the service under its brand with "supported by mana.bo". B2C division will directly provide to students with own brand. The Benesse's service has 2 pricing plan, 12,475 yen or 24,750 yen per month depending on length of usage. Edtech has been featured in the past few years along with penetration of smartphone, but it seems taking longer time to grow than other categories of services. Starting with cooperation with large existing players like Benesse would be effective to accelerate the growth.