Developers from the Studio Dontnod Entertainment said that it has started work on a sequel Life is Strange immediately after the original released on physical media. This is stated in the video:
Unfortunately, no information except a confirmation of the existence, about the project yet.
Recall that treated kindly by the critics, Life is Strange was one of the most unexpected gifts in the genre of the quest of recent years is an episodic adventure involving a variety of topics, including such unusual for a video game theme of growing up (and, it’s about the girl, with all the consequences), psychological pressure on adolescents and sexual violence.