MaQueYuWen(麻雀语文, literally translated as Sparrow Chinese), announces today that it has raised millions of yuan in an angel round, co-invested by Will Hunting Capital, Gaozhang Capital, and EdBeta Fund. Prior to this deal, the start-up has closed two rounds during the past six months. According to Liu Pai, the founder of MaQueYuWen, the fund will be used for improving the system of “teaching+learning+assessment” and business development.
Founded in January 2019, the company provides live-streamed and video courses for students from 7 to 15-year-old. Combing Chinese subject teaching with formula, MaQueYuWen has developed three sessions in its product, including online teaching, exercising, and 1-on-1 writing tutoring.
As of now, about 10,000 users have listened to the trial courses, and approximately 1000 users paid for the regular class, more than 90% of whom have finished the learning and the renewal rate reaches 70%. In the near future, the whole team will keep increasing its LTV and ARPU.
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