Mana.bo raises $2.4m as it shakes up Japan’s cram schools

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Mana.bo, which started off with the aim to shake up Japan’s US$10 billion juku, or cram school industry, just raised US$2.4 million in fresh funds as it plans to expand its reach beyond online classes.

The new round of money is from Z-Kai, a big tutoring chain in the country.

The students are preparing for Japan’s rigorous college entrance exams.

The funding will be used to “maximize the combination” of Z-Kai’s in-person teaching and Mana.bo’s real-time online tutoring, said Mana.bo finance chief Koichi Tsunoda, without going into details on the partnership.

Mana.bo’s service primarily targets junior high school and high school students preparing for Japan’s rigorous entrance exams, claiming to provide a cost-effective alternative to brick-and-mortar cram schools.

Students can send in images of their problems, say a math equation, and any available tutor on the Mana.bo platform can review it and offer to help in real-time. They can use text and video chat, as well as a virtual whiteboard.

Last year, the startup won the pitch conference at our Tokyo conference, beating eight other contestants who had made it to the finale.

See: Hometown hero Mana.bo takes the glory at Tech in Asia Tokyo 2015 Arena pitch battle

Currency converted from Japanese Yen. US$1 = JPY 104.9.

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from Tech in Asia https://www.techinasia.com/manabo-fresh-funding
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