TPG's The Rise Fund led a $210m Series D funding round in Tencent-backed Meishubao Education.

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.