China-based STEAM001 Closed Angel Round Invested by XY Capital
According to 36Kr, Hangzhou-based Jingchuang Education(竞创教育) has raised nearly 10 million yuan in an angel round from XY Capital(禧筠资本), the fund will be used for the technology development and sales team recruitment of its subsidiary brand STEAM001(芸课芸校).
Founded in 2016 by Pei Binfeng who used to be in charge of Taobao Education, the company started its business from STEAM education for students aged 5 to 15 and now has 4 directly-operated campuses and over 20 offline centers which have gained its licensing of curriculum.
Since last December, STEAM001 as the company’s self-developed SaaS platform has been officially launched to serve small- and medium-size training institutions with the functions of Learning Management System, Educational Administration System, Marketing Interaction System, and Performance Data System, up to now, over 200 institutions have registered, and as for direct-to-consumer business, the product has accumulated data from more than 10,000 parent users.
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