Chinese children development service provider Kuaiquwan closes ¥5Mn angel funding round
Kuaiquwan（快趣玩）, a sharing economy brand for children’s development, announced recently that it has raised 5 million yuan in an angel round of financing with the investor undisclosed.
According to the startup, the fresh capital will be used for brand upgrades and market expansion.
Founded in 2022, Kuaiquwan offers offline services including toy sharing, toy sales, early childhood education, and parent-child study tours. The startup aims to build an ecosystem that effectively expands children’s social networks.
In recent years, the demand for children growth related educational services has continued to rise. iiMedia shows that the market size of China’s early childhood education industry reached 303.8 billion yuan in 2020, and exceeded 320 billion yuan in 2021.
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