Online competency-based education company Meishubao today announces a $210 million Series D round of financing led by The Rise Fund, with Fortune VC, Winsdom Capital, SAIF Partners, Bojia Capital, Chuangzhi Capital also participating. To date, the company has closed 7 rounds of financing with a total amount of more than 2 billion yuan.
Gan Ling, the founder and CEO of Meishubao, said that the company intends to use the latest fund for new curriculum design, market expansion, product and service upgrade, branding, and OMO exploration.
Founded in 2014, Meishubao now focuses on providing art education for students from 3 to 18-year-old. According to Gan Ling, the company’s monthly revenue has exceeded 200 million.
Meishubao now has nearly 1000 staff for teaching and research and content creation, its business has covered more than 160 countries and regions. There are more than 20,000 online full-time teachers and over 5 million registered users.