- Progate – Japan’s largest online platform to learn modern programming skills has revived Series A funding worth $3641610!
- The online coding platform is now backed by investors like FreakOut Shinsei Fun, East Ventures, and loan provided by MUFG Bank & Resona Bank.
During the times when a degree doesn’t matter much in the journey of success. There are quite a few platforms that are trying its best to enhance skill sets that are crucial for survival and to achieve sky-high growth.
Progate received 200 million from FreakOut Shinsei Fund, 100 million from East Ventures & 50 million from both MUFG Bank and Resona Bank.
With this procurement, Progate will acquire more talents in order to assist with overseas market expansion.
“What brings us the most amount of happiness is hearing success stories from those who learned to code through Progate and are eventually able to land a new job, change their careers, gain a new skill or find the joys of creating through coding. We will continue to grow our product in order to become a world-class EdTech company while opening new doors for as many people as possible through programming” – Masa Karo Progate CEO.
About Progate:
“Empowering everyone to open new doors through programming.”
A new age programming platform enables anyone, including beginners to learn practical programming skills by allowing users to write out their own code and complete multiple projects, all within the browser.
The coding platform PRogate was launched when its founders were inspired to empower others through programming in July 2014.
The vision of Progate is as clear as its programming curriculum – “Be the gate to the exciting world of programming. Be the path to an independent coder.”
Progate is spread in 2 continents for now – Tokyo and Bangalore. While 3rd one is yet to arrive in San Francisco. In 2019, Progate surpassed 1 million learners worldwide and it took 5 years for the coding platform to achieve this milestone.
Progate recently went for product development and released Web Development Path for Ruby on Rails – provides users with a clear learning path that will guide an absolute beginner to create web service in a structured and orderly manner.
Yuzuru Hona, Founder and Global CEO of FreakOut Holdings said “Progate is committed to develop and operate a self-taught programming service globally in order to increase the number of software engineers that are in high demand worldwide. I really identify with Progate’s unwavering population has been and will continue expanding exponentially in Asia, the FreakOut Group will not only assist Progate financially but also its business expansion plans in each country.”
Co-Founder and CEO Masa Kato was featured as one of Forbes 30 under 30 Asia Entrepreneurs in March 2018.
What Is the Scenario of EdTech Market?
Global EdTech market is said to reach $341 billion by 2025. With the unstoppable speed of digitization and innovations done in the world of the internet, EdTech companies are working hard towards gaining the market share by the earliest.
What’s Up with India?
In 2017, Indian tech start-ups raised nearly $10 billion in funding a record-breaking number. According to the 2016 KPMG report, the EdTech industry in India was worth $247 million and has the potential to reach $1.96 billion by 2021.
Over the past few years, EdTech has extended is scope past school and college curriculums. Lucknow based EduGorilla which offers digitalized courses on competitive exams like CAT, UPSC, CA & IIT managed to capture INR 17336 crores of the EdTech market in India.
Rohit Manglik CEO of EduGorliia says “The burgeoning EdTech firms have devised new methods to make learning interactive and provide customized learning solutions. Live and interactive modules, online worksheets and tests that can be accessed from any corner of the world are the amazing advantages.”
While Byjus is the market leader in EdTech firms, India still has a lot of potential, market gaps that need to be filled in the EdTech scenario.
Wrapping Up:
With Progate getting strong and with more investors interested in its vision, it will be an interesting watch to see the coding platform growing and glowing.
Although expansion plans in India are yet to be revealed. On behalf of Nett Big Brand, we congratulate Progate for its Series A funding.
