Xuebajun gets a $100m answer for its series C round

The educational answer provider has now raised a total of $155m since 2014, securing $100m in a series C round featuring Singapore's Vertex Ventures.

China-based educational services app developer Xuebajun has raised $100m in series C funding from investors including Vertex Ventures, which invests as a subsidiary of the Singaporean government, China Money Network reported yesterday.

China Merchants Capital and EasyCapital co-led the round, investing alongside publisher Wanxin Media, as well as Qiming Venture Partners, Trustbridge Partners and, according to Asian Venture Capital Journal, Yada Education.

Founded in 2013, Xuebajun has created a mobile app that provides answers to students’ queries, either through artificial intelligence or online users. Users upload images that display their questions and can receive an answer within three minutes.

Vertex Ventures initially invested $5m in Xuebajun in 2014 before returning for a $50m series B round the following year that was co-led by Qiming and Trustbridge.

See more from this Government Report: Singapore


Copyright Mawsonia Limited 2010. Please don't cut articles from www.globalgovernmentventuring.com or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. News round up 23 April 2018

    April 23, 2018

  2. EU plans massive overhaul of funding services

    April 25, 2018

  3. DocuSign seals $629m IPO

    April 27, 2018

  4. Investors fork over $30m to Formlabs

    April 27, 2018

  5. Mubadala backs New York’s Phoenician Capital

    April 27, 2018