Tokyo-based Aoi.Co., the startup that operates a live-streamed onine lecuture service for junior high students, announced today that it has fundraised 120 million yen ($1.2 million) from Japanese investment firm Jafco. Aoi.co. was born out of the fifth batch of KDDI’s incubation program Mugen Labo back in January. Aoi Zemi, their service, is focused on providing informative live programming as well as opportunities to interact with other users by sharing something they are calling ‘timelines’. Live-streaming is available for free, but you will be charged for watching recorded lecture programs. Aoi.Co has acquired over 3,000 students as users to date and unveiled that the entrance exam passing rate of users for their preferred universities has reached 86.3%. The firm plans to use the funds to strengthen its system development capability and introduce a learning state monitoring app for parents in September. via TechCrunch Japan