Announced
Completed
Financials
Sources
Tags
China
Online and Social Platforms
Private
Private Equity
scholars platform
Friendly
Acquisition
Minority
Completed
Cross Border
Venture Capital
Synopsis
Private equity firms FountainVest Partners and Tiger Global Management led a $750m Series E funding round in Zuoyebang, a Chinese online learning app, with participation from SoftBank’s Vision Fund, Qatar Investment Authority, Sequoia Capital China, Tiantu Capital and Xiang He Capital. The fundraising comes as education technology, known as “edtech”, is one of the few sectors that thrived in the pandemic as students were asked to take online classes from home after China imposed a lockdown.
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