JAPAN'S FIRST SILICON VALLEY-STYLE CODING BOOTCAMP RAISES ¥160 MIILLION YEN FROM EDUCATION CONGLOMERATE BENESSE HOLDINGS
Digital transformation and reskilling investment marks first move by Benesse Digital Innovation Fund
Leading provider of immersive technology education in Japan Code Chrysalis announced that it has raised ¥160 million yen from Benesse Corporation, one of the largest companies in the education sector in Japan.
The deal marks a first for Benesse's Digital Innovation Fund, established with ¥5 billion yen in November of 2021, for the education company to invest in education, life, and nursing sectors along with venture companies with a focus on digital transformation.
"We are very pleased that this capital and business alliance has been realized, and at the same time," said Tomonori Iida, General Manager of Business Development at Benesse. "Together, we would like to promote reskilling and DX human resource development in Japanese society."
Rapid digital transformation in Japan is pushing companies to re-skill their workforce and secure valuable new talent to drive business growth and stay above the competition. The IT talent shortage is the largest and this problem will only continue to compound as the world speeds forward. Code Chrysalis is on the leading edge of addressing this problem in Japan.
"The partnership with Benesse is very exciting," said Kani Munidasa, CEO of Code Chrysalis. The investment will enable Code Chrysalis to expand in order to meet the growing demand of enterprise customers and explore new markets. It also marks just one part of the growing strategic partnership between Code Chrysalis and Benesse. The investment in Code Chrysalis is part of Benesse's push to better support alternative paths to fulfilling careers, which includes an investment in Udemy in 2020.
About Code Chrysalis
With a mission to empower people to transform their careers, Code Chrysalis is Japan's leading Silicon Valley-style coding bootcamp that helps individuals and enterprise gain the skills they need to thrive in the digital economy. Over 400 graduates work as software engineers at leading companies such as Google, Sony, Mercari, and more.
For companies, Code Chrysalis offers employee and management IT training and development, helping companies upskill, re-skill, on-board, and assess their talent. Their customers include a leading Japanese car company, Mercari, NRI, and other companies.
For more information about Code Chrysalis:
About Benesse
Benesse Group is guided by a corporate philosophy of “Benesse = Well-Being.” Benesse conducts business in the fields of domestic and global education, senior nursing care and childcare, and gives customers the support to make the best lifestyle choices – the ones that lead to the long-term betterment of their lives. In the 60 plus years since the founding in 1955, Benesse has accumulated knowledge in the fields of education and senior nursing care and has provided such services by developing close ties to the customers.
For more information about Benesse, Udemy, and Udemy Business: