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

One in Seven UK High Street Shops Adopt Cashless Payments

New survey reveals a significant shift towards cashless transactions.Highlights: One in seven UK high street shops went cashless...

Morgan Stanley to Cut 2,500 Staff Across Divisions

The bank aims to streamline operations amidst economic uncertainties.Highlights: Morgan Stanley plans to cut 2,500 jobs across various...

Lloyds to Sell Customer Data to Cut IT Costs and Strengthen Fintech Position

The bank aims to optimize operations and enhance its fintech offerings.Highlights: Lloyds is selling customer data to reduce...

Robinhood Launches $695 Annual Platinum Credit Card, Challenging Amex

The new offering aims to disrupt the premium credit card market.Highlights: Robinhood's new Platinum credit card costs $695...