Two China-based education companies appeared in the news last week for having raised and aiming to raise multi-million rounds. Online education platform Knowbox raised a $100m series C round, while based online language learning service iTutorGroup was reported to be seeking to close $300m round by the end of May.
China-based online platform for teachers Knowbox received $100m in a series C round backed by education firm Tal Education Group. The round was led by Yunfeng Capital, which is a private equity firm co-founded by Jack Ma, the chairman of e-commerce group Alibaba. The new funding will be used to improve its teaching materials, develop data services and provide smart homework products for schools.
Founded in 2014, Knowbox has developed a platform through which teachers can provide personalised…
