Huike Group's IT education spinoff has secured $79.7m from Gaorong Capital and GL Ventures seven years after it was launched.
Kaikeba.com, a China-based IT education provider spun off by educational services firm Huike Group, has raised RMB550m ($79.8m) in series A funding, DealStreetAsia reported on Wednesday.
The funding was supplied by venture capital firm Gaorong Capital and GL Ventures, a VC vehicle for investment firm Hillhouse Capital, according to a WeChat post by investment bank Taihecap, the financial adviser for the transaction.
Formed in 2013, Kaikeba offers online courses covering IT, internet and digitalisation-related subjects such as website creation, front-end…