ClassIn Raises $265M in Series C Funding

ClassIn

ClassIn, a Beijing, China-based EdTech company creator of an online interactive classroom, raised $265m in Series C funding.

The round was led by Hillhouse Capital’s GL Ventures, Hillhouse Ventures, followed by┬áTencent, SIG, Ince Capital and Gaocheng Capital.

The company intends to use the funds to expand product R&D, develop new and advanced technologies in education, and explore more markets abroad increasing global reach, while consolidating its position in the China market.

Led by Junbo Song, founder and CEO, ClassIn provides a SaaS classroom platform. Its primary product was released in 2017 and now upgraded to ClassIn X which helps to digitize offline classrooms, providing a connected, online-merge-offline learning experience. It offers group video chat on top of a range of interactive classroom settings and teaching features to create a fully interactive online learning experience that, combined with smart scheduling and quality teachers. 

The platform supports a wide range of classroom sizes from 1 to 2000, allowing teachers and students to video chat, co-edit documents in real time, deliver lectures and online presentations, hold group discussions and more. The system has now served over 60,000 K12, university and private sector clients, and is used by 20 million monthly active users (teachers and students) in 150 countries.

FinSMEs

22/12/2020

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