Sovereign wealth fund led a series D2 round for livestreamed education provider Aixuexi Education Group almost a year after an investment by Tencent.

Aixuexi Education Group, a China-based digital education provider backed by internet group Tencent, has raised $200m in a series D2 round led by Singaporean sovereign wealth fund GIC, DealStreetAsia reported today.

Private equity fund Warburg Pincus also participated in the round, according to a WeChat post cited by DealStreetAsia. It follows an undisclosed amount of series D-plus funding from Tencent in December 2019.

Founded in 2009 and formerly known as Gaosi Education Group, Aixuexi offers livestreamed online courses in subjects…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Robert Lavine

Robert Lavine is special features editor for Global Venturing.
Email LinkedIn