EV Growth-backed online education platform developer Ruangguru pulled in $55m while ProSieben and Rocket Internet helped open banking platform developer Tink take its total funding to $344m.

Funding

Indonesia-based online education provider Ruangguru has raised $55m in a funding round led by hedge fund manager Tiger Global Management and backed by venture capital firm GGV Capital. The deal follows a $150m series C round in December 2019 featuring EV Growth, the VC firm formed by conglomerate Sinar Mas, internet company Yahoo Japan and VC firm East Ventures, in addition to financial services firm United Overseas Bank’s UOB Venture Management vehicle, GGV Capital and General Atlantic.

Germany-based…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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