The education services management platform secured $14.3m in a round led by Tal Education that reportedly valued it at more than $140m.
Education services provider Tal Education has led a RMB100m ($14.3m) funding round for China-based education management software producer Xiaoe-tech, China Daily has reported.
Xiaoe-tech has created a software platform it claims has 680,000 registered users that manages a range of functions for education providers including scheduling lessons, content distribution and payment, and student admission.
The round is expected to value the company at more than $143m according to China Daily. The funding will support market expansion and research and development, according to Xiaoe-tech’s founder and chief executive, Bao Chunjian.