Softbank Ventures announced on September 11 that it invested USD 1.9 million into an edu-tech startup called Brave Company. This is a follow-up investment after their first investment in 2015.
Brave Company operates platforms that provide internet lectures targeted at adults studying new languages or for national-level exams. Representative lectures include national-level exams, such as for public officials and police officers. Cumulative sales reached USD 10 million and the amount doubled since their first investment round.
Eun-woo Lee, the Partner at Softbank Ventures who led this investment round, stated, “Brave Company is providing a systematic operating system for individual instructors and creating competitive online education content in order to solve the problems of the online education market, which is currently centered on famous instructors. We hope that Brave Company successfully grows and leads the change in the internet lecture industry.”
Seung-Yoon Yang, CEO of Brave Company, said, “It is important to respond to environmental changes and build differentiated competition in the growing education market for adults. Through this investment, we plan to discover content with great potential, as well as invest into R&D, in order to open a new era for the smart internet lecture market”.
(Top photo from 699pic.com)
This article, entitled “Online lecture provider Brave Company receives USD 1.9M from Softbank Ventures”, was written in Korean by Yohan Son of Platum, edited by AllTechAsia.