Announced
Completed
Financials
Sources
Tags
Private Equity
Education Services
Friendly
Acquisition
Venture Capital
Completed
arts education
online education
Minority
China
Private
Cross Border
Synopsis
TPG's The Rise Fund, a global investment fund, led a $210m Series D funding round in Tencent-backed Meishubao Education, an online arts education platform. The round was joined by Fortune Capital, Winsdom Capital, SAIF Partners, Bojia Capital and Chuangzhi Capital. "Capital raised through this round of financing will be mainly used for curriculum development, channel and market development, product and service upgrades, branding, and online and offline business integration in the industrial internet area," Gan Ling, Meishubao Education Founder and CEO.
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