Zuoyebang, a Beijing, China-based online education platform, completed a US$150m Series C financing.
The round was led by H Capital with participation from Tiger Fund, Sequoia Capital, Legend Capital, GGV Capital and Xianghe Capital.
The capital raised will be used for teaching and research, to continue developing zhibo.zuoyebang.com.
Founded in September 2015 and led by CEO Hou Jianbin, Zuoyebang offers teaching resources to K-12 students by leveraging technology and the internet, providing a solution to the demand for educational resources that go beyond the conventional classroom.
The company, which also offers an app with nearly 60 million monthly active users, announced the relaunch of zhibo.zuoyebang.com (which means “homework help” in Chinese), an online live course service platform with a curriculum covering what is taught at the primary, middle and high school levels. At zhibo.zuoyebang.com, the research team has developed a complete scientific system which helps students effectively improve their grade averages through teaching, learning, testing, training and education, by taking classroom interaction, teachers and personalized teaching content together.