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Design Industry Mobile Education Service 'Xunniu' Raises RMB 8-digit Series A

iYiou, 8/09/17

Wuhan-based design industry education service provider Xunniu Technology has raised RMB 8-digit Series A funding from Capital Nuts. The funding will be used for market expansion of Xunniu's new mobile app "Banke," which provides marketing training for workers in the design industry.

Xunniu, established in December 2014, has released two mobile apps: Banke and designer-focused learning and communication app "Heishehui."

Heishehui is a platform that serves design students, designers, and design businesses, connecting university design majors and students with training institutions and companies. Special features of the app include voice replies, assignment source files, video lectures, and a Q&A forum. Heishehui currently has 1.4 mln users and is partnered with over 2,000 institutions nationwide. The platform covers 60 cities and has trained over 30,000 students.

Xunniu CEO Gao Hui said that Banke, which was released in February this year, is a marketing platform focused on training employees in the design sector. Users can book classes via the app, and visit the training institution's offline locations to complete classes. Currently, Banke has a monthly transaction volume of around RMB 3 mln, with over 110 partner institutions mainly concentrated in Wuhan. The platform is planning to expand to Beijing and Guangzhou, establish partnerships with over 1,000 institutions, and break RMB 20 mln in monthly transaction volume by the end of the year.

Xunniu previously won RMB 2 mln in angel funding in July 2015 from Infinite Road Holding Group and Shunhui Capital, and RMB 8-digit pre-Series A funding in January 2016 from Guanggu Lianhe and Yincheng Capital.

Keywords: mobile education VC Xunniu Banke Heishehui funding wireless Series A Capital Nuts Gao Hui

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