Logicreation's primary and secondary school-focused online education spinoff raised $29.7m in its second external funding round.
Shaonian Dedao, an online learning subsidiary of China-based information knowledge and sharing service Beijing Logicreation Information & Technology, has secured nearly RMB200m ($29.7m) in series B funding, DealStreetAsia has reported.
Private equity fund Vision Knight Capital led the round, which included Mooc-CN Education and Toutou Shidao Fund, both investing on behalf of Tsinghua University subsidiary Tsinghua Holdings, as well as China Growth Capital, Everbright’s new economy fund and Frees Fund.
Formed by Logicreation in April 2018, Dedao runs an online…
