Beacon Education, a Beijing-based provider of online degrees to China, closed a $6M Series B financing round.
The round was led by Redpoint China Ventures and follows last year’s Series A round led by Telescope Investments.
The company intends to use the funds to accelerate expansion of its in-China technology and services platform as well as its global portfolio of partner universities.
Founded in 2018 by CEO Michael Wang, Beacon Education is an education technology and services provider based in Beijing and California. Offering a comprehensive tech and service suite, the company provides its partners applicant marketing, acquisition, and nurturing services, a proprietary teaching and learning tech stack with synchronous and asynchronous program delivery options, and in-country academic and student support teams all optimized the connection of global educators with Chinese learners.
The company has partnered with more than 15 universities including Tsinghua University, Duke University, the University of Pennsylvania, Illinois Institute of Technology, Rochester Institute of Technology, Northern Arizona University, and the University of Otago in New Zealand and delivers more than 25 graduate and undergraduate degrees in the fields of computer science, artificial intelligence, software engineering, electrical engineering, business, finance, and education.