Legend Capital, Northern Light Lead $30M Series B In XSteach.Com

Guangzhou-based online education and training platform XSteach.com has received US$30 million series B financing from Legend Capital and Northern Light Venture Capital, according to Chinese media reports.

Founded in 2008, XSteach.com received RMB15 million (US$2.4 million) series A funding from Chinese video-sharing platform YY.com last year.

XSteach.com currently offers over 2,000 online classes with over 100,000 students learning graphic design, including software Photoshop, Illustrator, 3D animation, web design such as Flash, Dreamweaver, Fireworks, as well as film editing and language training courses.

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