Japan’s English learning platform provider Rarejob files for IPO



Tokyo-based English learning platform Rarejob has been approved for an IPO on the Tokyo Stock Exchange Mothers market today.

Since its launch back in October of 2007, the company has hired native speakers (mainly students from high profile universities in the Philippines) as English conversation teachers who instruct Japanese students over Skype. As of last August, the company had provided over 10 million lessons to over 200,000 Japanese users.

Some of our readers may recall the company raised 330 million yen (or about $3.3 million) from KDDI Open Innovation Fund, YJ Capital, and CyberAgent last June [1].

Via IT Media

  1. KDDI Open Innovation Fund is jointly managed by KDDI and Global Brain. YJ Capital is the investment arm of Yahoo Japan.