HaruKaEdu gets Series A funding from CyberAgent Ventures

Indonesia’s online education and training startup HaruKaEdu has secured Series A round of funding from Tokyo-headquartered CyberAgent Ventures, said the company. It refused to divulge deal amount.

Founded in 2013, HaruKaEdu said it will use the funding to enhance its online course offerings, hire more executives on its rolls and expand operations into China and Vietnam,

Earlier this year, CyberAgent Ventures had invested in several other startups which include, Singapore-based mobile reward platform YOYO HOLDINGS, Korea’s Mocoplex, Inc that develops the SSP and ad mediation service for smartphone application; and Vietnam’s DKT Technology Corporation that provides an e-commerce solution and an e-marketplace for retailers to capture the full potential of online retail channels.

CyberAgent has been operating in Indonesia since 2011 and its portfolio includes PT Tokopedia, the country’s leading e-commerce market place, that recently raised  $100 million in funding from Japan’s SoftBank Corp and Sequoia Capital. The funding round, led by Softbank, is the largest ever investment received by an Indonesian startup.

“HarukaEdu has a vision to become one of the leading providers of quality online education, which is affordable, interactive, and accessible to everyone, as long as they are connected to the Internet,” the company said in a statement, while adding that it was developing an ecosystem of online education, that connects colleges and professional training providers with individuals and corporations interested in developing skill sets of their employees.

“Indonesia has realised that online education is one of the most important trends in the world of higher education. Unfortunately, only a few have the knowledge, experience, human and financial resources sufficient to maintain the quality of online courses. Many of those who do have the knowledge, do not have good information technology infrastructure for hosting these courses,” said Novistiar Rustandi, one of the co-founders and director of HarukaEdu Jakarta Founder Institute.

“We see great potential for online education, especially in Indonesia. Based on the experience of our investment in the field of online education in China and Vietnam, we are sure that transition to online is only a matter of time. And most importantly, we believe that the founders HarukaEdu have the best team to build this company,” said Steven Vanada, CyberAgent Ventures, in a statement.