Japan-based training services provider Div secured ¥1.83bn ($17m) in equity and debt financing on Monday from investors including real estate developer Mori Trust and IT services firm NEC Corporation.
The round was led by Eight Roads Ventures Japan, a subsidiary of investment and financial services group Fidelity, and included banking firms Sumitomo Mitsui Banking Corporation, Nanto Bank, Shoko Chukin and Kiraboshi, the first two through SMBC Venture Capital and Nanto CVC respectively.
Dream Incubator, Venture Labo Investment and private investor Masabumi Mori filled out the round. NEC subsidiary NEC Capital Solutions committed its share through its CSV Venture Fund.
Founded in 2012, Div runs a programming school called Tech Camp, which has had roughly 20,000 students pass through to date. In addition, more than 1,000 engineers have changed jobs having enrolled in its Tech Camp Engineer Career Change scheme.
SMBC Venture Capital and Nanto CVC had already taken part in the company’s $9.8m series B round in May 2019, which followed a $1.8m series A round two years earlier, according to The Bridge.
The equity portion of the series B round included financial services firm Mitsubishi UFJ Financial Group’s Mitsubishi UFJ Capital unit, Spiral Ventures and Pegasus Tech Ventures, while SMBC, Kiraboshi Bank, Resona Bank and Mizuho Bank supplied debt.
