Incuvest joins SHO-Zemi Innovation Ventures to invest in ed-tech startup Monkimun

Visual from the Monkimun website

IncuVest, the Singapore-based early stage tech investor has joined hands with SHO-Zemi Innovtion Ventures, an offshoot of Japan’s premier tutoring school for children and young adults, SHO-zemi, to invest in US and Spain-based mobile startup Monkimun.

Monkimun builds fun, educational games for children with the goal of making language learning fun.

While both sides did not disclose details of the seed round, it is learnt that Monkimun – pronounced “Monkey Moon” and personified by a smiling monkey – had raised around $1 million, and will use the proceeds to enhance its existing portfolio of apps for kids.

Monkimun said its apps have already been recognised by record sales in the US, France, and China.

In addition to capital infusion, the seed funding will also see SHO-Zemi Ventures leverage its parent’s unique position in the education marketplace to access the network of classrooms and students in Japan.

One of the first initiatives will be the co-development of a Japanese-language learning app in 2015, the company said in a statement.

The collaboration with SHO-zemi Innovation Ventures marks the first time an educational institution has invested in a 500 Startup batch company.

While the initial focus will be on children, the technology can be adapted for older students and even adults in a variety of markets.”Our mission is to help find, and fund, the new wave of education for the next century,” said Yoshi A Okamoto, SHO-zemi Innovative Ventures executive director, adding that “Monkimun is a perfect example of the type of 2.0 educational thinking we’re looking for.”

Cristobal Viedma, Monkimun CEO, said he was excited about the future, and added that the partnership with SHO-zemi would forward the company’s common goal of revolutionizing and improving education.”

In addition to investing in Monkimun, SHO-zemi Innovation Ventures will now be doing more US deals from their office in Redwood City, in the heart of Silicon Valley, which launched last week. The company has officially joined the community at EdTech Innovation Lab, part of Stanford University-housed GSVlabs.

Also Read: 

Zeemi.tv raises $1 million in seed funding from DeNa & 500 Startups

Thai online marketplace Blisby raises $300k from East Ventures, DeNA, 500 Startups

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.