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Online Education Firm Kuailexue Lands USD 5 Mln Series A

SinaTech, 3/31/14

Online education website, operated by Beijing-based Kuailexue Technology, has announced the completion of USD 5 mln in first-round funding led by Matrix Partners China, with participation from angel-round investor Crystal Stream. Crystal Stream director Wang Mengqiu and Matrix Partners VP Cong Zhen will be appointed as directors of the company.

Kuailexue, established in April 2013, offers personalized educational tools presently focusing on English language study. The company's products include an English test practice database offering more than 650,000 practice questions, with questions updated every month, as well as a Kuailexue mobile education app.

Keywords: Cong Zhen Kuailexue Wang Mengqiu Internet funding online education mobile education Series A Matrix Partners Crystal Stream language learning VC wireless mobile application

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