ClassIn: Raises $265M in Series C Funding

  • ClassIn, a Beijing, China-based EdTech company creator of an online interactive classroom, raised $265m in Series C funding
  • The round led by Hillhouse Ventures, followed by Tencent, SIG, Ince Capital, and Gaocheng Capital
  • The company also intends to use the funds to expand product R&D, develop new and advanced technologies in education
  • Led by Junbo Song, founder, and CEO, ClassIn provides a SaaS classroom platform
  • Its primary product released in 2017 and now upgraded to ClassIn X which helps to digitize offline classrooms
  • 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
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's...

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...

US Treasury Secretary Warns Banks About Anthropic’s New AI Model

Treasury Secretary highlights risks AI poses to financial stability.Highlights: US Treasury Secretary warns banks about the risks of...