Tencent-backed edtech firm Meishubao newly raises $40 million in Series D funding round
Online competency-based education company Meishubao today announces the completion of a $40 million Series D+ round of financing. The investors include CCI Fund, Focustar Capital, Hongtai Aplus, and Sealand Innovation.
Last December, the company has raised $210 million in the first deal of Series D funding round, and the latest deal has brought the company’s total funding to over 2.25 billion yuan.
Founded in 2014, Meishubao now focuses on providing art education for students from 3 to 18-year-old. Meishubao now has nearly 1000 staff for teaching and research and content creation. Its business has covered more than 160 countries and regions.
To date, Meishubao has more than 20,000 online full-time teachers, over 5 million registered users, and over 500 thousand paying users.
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