On October 22nd, Xiaoyang Edu announced that the company has raised 60 million yuan in its Series B+ round of financing. Original shareholders Ameba Capital and Yunqi Partners also participated.
Founded in May 2016, Xiaoyang Edu focuses on smart campus and educational cloud services for primary and secondary schools. The company has tapped into the New Gaokao reform services sector by creating a SaaS platform like an online timetable for class arrangement. Moreover, Xiaoyang Edu also provides training services for middle and high school principals and teachers.
As of now, Xiaoyang Education has 5 research and development centers, 12 subsidiaries, and a team of more than 400 staff. Its business covers more than 3,000 schools in 29 provinces nationwide, and the revenue is expected to be nearly 200 million yuan this year.
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