Sequoia Capital Leads $55M Series C Financing In 51Talk


Beijing-based online English language education firm 51Talk says it has received US$55 million series C financing led by Sequoia Capital, according to a statement posted on its official Weibo account.

Existing investors Shunwei Capital and DCM also participated.

Founded in 2011, 51Talk received angel investment from Chinese angel investor Xu Xiaoping that year. A year later, it received several million U.S. dollar series A investment from DCM. In 2013, it received US$12 million series B financing led by Shunwei Capital.

Shunwei Capital is founded by Lei Jun, founder of Chinese smartphone maker Xiaomi Corporation.

51Talk says it has over 50,000 paid users and over 2,500 English language teachers using its platform.

 

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