SIG returned to reinvest in the online education platform developer, which achieved unicorn status three years ago.

China-based tutoring services provider Squirrel AI Learning has secured tens of millions of dollars in a series C1 round featuring quantitative trading firm Susquehanna International Group (SIG), DealStreetAsia reported on Saturday.

The round was also backed by NGP Capital, the venture capital firm spun off by telecommunications technology firm Nokia, as well as Citic Securities, a subsidiary of investment group Citic, according to a company statement.

Squirrel AI produces artificial intelligence-powered adaptive learning software to offer after-school tutoring services, and…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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