After the transaction, Vertex’s managing director and CIO Tay Choon Chong will join Xuebajun ‘s board of directors.
The company previously received several millions RMB seed funding from Innovation Works last August.
Founded in June 2013, Xuebajun assists students in homework. It provides appropriate answers if students take a photograph of an assignment question and upload it to the system.
Founded in 1988, Vertex Venture is an investment unit of Temasek Holdings, focusing on early stage investment.