Asia-focused EdTech startup Manabie raises $4.8M seed round from Japanese investors


See the original story in Japanese.

Singapore-based Manabie, the EdTech startup offering e-learning service in the Southeast Asian region, announced today that it has fundraised $4.8 million US in a seed round. This round was led by Tokyo-headquartered Genesia Ventures with participation from notable Japanese angel investors including:

  • Keisuke Honda (Professional football player)
  • Mochio Umeda (US-based IT consultant known for having introduced Web2.0 issues to Japan)
  • Nobuhiro Ariyasu (Founder of Coach United)
  • Yasukane Matsumoto (CEO of Raksul)
  • Yoshinori Fukushima (Co-founder of Gunosy, CEO of LayerX)
  • Masayuki Watanabe (Founder of Quipper)
  • Shunsuke Oyu (Founder of Connehito)

Details of Financial terms have not been disclosed. Earlier this month, the company published a Japanese article aiming to help teachers turn their classes into virtual ones while many schools are forced to be closed due to the COVIT-19 pandemic.

Prior to the launch of Manabie back in April of 2019, the company’s CEO Takuya Honma previously co-founded UK-based EdTech startup Quipper which was subsequently acquired by Japanese human resources and internet service company Recruit Holdings (TSE:6098) back in 2015. Quipper has been helping thousands of schools in the world launch their classes online.

Manabie is offering e-learning apps for elementary, junior high, and high school students as well as running learning centers in the Southeast Asian region, especially in Vietnam for now.

The company plans to use the funds to expand their business into all across Vietnam in addition to offering extensive support for educational institutions in Japan which are in urgent need of making their classes online in face of the pandemic-caused temporarily closure.

Translated by Masaru Ikeda