Fenbi Secures USD 7 Mln Second-Round Funding

Investide.cn, 8/27/13

Beijing-based online education SNS platform operator Fenbi Technology has received USD 7 mln in second-round funding from venture capital firms Matrix Partners China and IDG Capital Partners. Previously, Fenbi received RMB 8-digit first-round funding from IDG Capital Partners.

Fenbi's online SNS platform Fenbi.com was launched in August 2012. The platform looks to connect students with teachers and professors of various subjects. In February 2013, the company launched online test prep mobile app "Yuantiku," allowing users to access customized practice tests for college entrance exams, high school entrance exams, and other tests, based on official exams used in previous years.

Keywords: Fenbi Internet funding online education SNS Matrix Partners second-round IDGVC

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily