Xigua Chuangke sticks $21m series B round

Sep 2, 2019 • Callum Cyrus

The online coding course company banked $21m in a round led by New Oriental Group that included Oceanwide Holdings and Baicizhan.

China-based children’s online tutoring provider Xigua Chuangke has received RMB150m ($21m) in a series B round led by private-sector education provider New Oriental Group’s New Oriental Education and Cultural Industrial Fund.

New Oriental was joined by conglomerate Oceanwide Holdings, vocabulary app developer Baicizhan, growth equity firm SAIF Partners and venture capital firms Sequoia Capital China and Matrix Partners China.

Founded in early 2017, Xigua Chuangke provides online computer programming and creative-thinking courses to children aged seven to 12. It has…

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