Corporates help Hexiaoxiang pass series B test

Aug 28, 2019 • Callum Cyrus

Bertelsmann Asia Investments and TAL Education's Good Future Education Industry Fund combined in a $27.9m round for literary education platform Hexiaoxiang.

China-based online children’s education platform Hexiaoxiang has collected RMB200m ($27.9m) in a series B round featuring Bertelsmann Asia Investments, a corporate venturing vehicle for media group Bertelsmann.

TAL Education also took part, through its Good Future Education Industry Fund, as did venture capital firms Sinovation Ventures, Vision Plus Capital and GSR Ventures, and VC funds Engage Capital and Zhizhuo Capital.

Founded in 2017, Hexiaoxiang runs an artificial intelligence-powered online education platform for children aged three to 12 years old that…

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