Online early childhood education provider Qinbaobao(亲宝宝) announces today its RMB 250 million Series D round of financing, which is co-invested by Fortune Venture Capital and Shenzhen Capital Group. The latest fund will be used for brand building and supply chain upgrade.
Starting from 2020, the company’s main business has reached the breakeven point and the user scale and operating income have achieved continuous growth, according to Feng Peihua, the founder and CEO of Qinbaobao.
Founded in 2013, Qinbaobao focuses on providing online early childhood education, parenting education, parenting community services. To date, it has completed four funding rounds and the investors include Sinovation Ventures, Shunwei Capital, and TAL.