AAA Life is Tech celebrates $13.8m

Life is Tech celebrates $13.8m

Life is Tech, a Japan-based programming education provider for middle and high school students, has raised ¥1.5bn ($13.8m) from investors including mobile game producer Akatsuki.

Insurance provider Dai-ichi Life, retailer Marui Group, electronics producer Kaga Electronics, publisher Shogakukan all took part in the round.

Financial services firm Shinsei Bank’s Shinsei Impact Investment subsidiary and venture capital firm Yamaguchi Capital completed the investor line-up.

Founded in 2010, Life is Tech is an education technology developer that concentrates on fostering digitally literate human resources through a learning experience dubbed LX.

The company organises coding and IT camps, collaborating with local governments and running several schemes such as Tech for Local, Be Startup, Code Girls and Tech for Teachers.

Life is Tech previously secured $6.9m from backers including public relations firm Vector, as well as Itochu Technology Ventures and Dentsu Digital, trading group Itochu and digital marketing firm Dentsu’s respective corporate venture capital units, in 2016.

Jafco, Mistletoe and KSK Angel Fund also contributed to the 2016 round.

Human resources firm Recruit, internet company DeNA, learning-focused children’s play area provider KCJ Group, Jafco and Mistletoe supplied $3m in funding in 2014.

CyberAgent Ventures, the corporate venturing unit of internet company CyberAgent, had already supplied an undisclosed amount of seed funding in 2013, having been incubated by telecommunications company KDDI earlier that same year.

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