The online employee and further education provider has listed on TSE’s Mothers Market, allowing Tokyo Institute of Technology to exit.
Kiyo Learning, the Japan-based professional education software provider backed by Tokyo Institute of Technology, listed on the Tokyo Stock Exchange (TSE)’s Mothers Market today.
The initial public offering consists of 300,000 shares, with some 51,000 shares reserved for the over-allotment option.
Founded in 2010, Kiyo Learning provides cloud-based learning services through two products: Studying, which helps users prepare and acquire online qualifications, and AirCourse, an employee training programme.
The company received $4.9m from Tokyo Institute of Technology’s Innovations and Future Creation unit, specialised job hunting platform Matching Service Japan, VC firm Innovation Engine and Globe Advisors, a subsidiary of non-profit Globe Group, in mid-2018.
Innovations and Future Creation already took part in a $1.4m round for Kiyo the previous year, investing alongside recruitment firms MyNavi and Will Group, internet service provider Freebit, financial services firms Mitsubishi UFJ and Dai-ichi Kangyo Credit Cooperative
Will Group also…
