Color Kid, a Guangzhou-based EdTech focusing on art education for kids, announced recently that it has raised tens of millions yuan in the Angel round invested by Wu Yefeng, one of the well-known angel investors in China.
With main products on the basis of gamification, the company adopts AI technology to improve teaching effectiveness by analyzing users’ learning data and dynamically adjust teaching plans for students according to their own aptitude.
Prior to this deal, Color Kid has got the genuine licensing of “Talking Tom and Friends”, whose series applications have exceeded 10 billion downloads worldwide with 370 million monthly active users(MAU) and over 50 million daily active users(DAU), plus, over 730 million Chinese users have downloaded the applications in the past year. Having such a large traffic pool, the company has a great facility to vie for more market shares and the funds will be used more efficiently.
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