Online Homework Platform 'Know Box' Wins RMB 100 Mln Series B
Iyiou, 10/31/16
Beijing-based Zhishi Yinxiang Technology, operator of K-12 online homework question bank Know Box, recently announced completion of RMB 100 mln Series B funding led by Delian Yuntong Investment Management (Delian Capital) and with participation by startup incubator Legend Star. The new financing gives Zhishi Yinxiang a valuation of USD 100 mln.
Liu Ye, CEO of Zhishi Yinxiang, said that the company plans to release a new self-adaptive math education product for elementary school students. The product currently focuses on basic math questions, but will be expanded to include more comprehensive content and custom question banks in the future. Know Box previously completed Series A funding in July 2015.
Zhishi Yinxiang launched Know Box in July 2014. The platform operates through mobile and online platforms and includes separate app versions for teachers and students. Teachers can use the instructor app to create questions and review student responses, and students can use the student app to answer questions. The app can produce reports and graphs related to student learning progress and make intelligent recommendations based on a student's performance.
Keywords: Delian Capital Internet funding Series B Legend Star Zhishi Yinxiang Know Box youth online education valuation VC Liu Ye
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