Online English language tutoring portal Palfish has welcomed back Susquehanna International Group for a series C round that will drive product development.

Palfish, the China-based operator of an online platform for English language teaching, has received $120m in a series C round featuring quantitative trading firm Susquehanna International Group (SIG), China Money Network reported today.

The round was co-led by private equity firm FutureX Capital and Zhang Zao, founder of local listings portal Meituan Dianping, and included venture capital firm Whales Capital.

Founded in 2015, Palfish runs an online service that teaches English to children up to 14 years old. Its offering…

Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.