Sequoia Capital Reportedly Backs Zhan.Com In $60M Series C Round


Shanghai-based online education firm Zhan.com has completed US$60 million series C round of financing from Sequoia Capital and other undisclosed investors, according to Chinese media reports.

China Money Network is unable to verify the news.

The round follows a US$29 million series B round led by GGV Capital and Shunwei Capital announced by the company in April.

Officially launched in 2011, Zhan.com previously received tens of millions RMB in series A financing from undisclosed investors in 2013.

Zhan.com focuses on providing training courses for students preparing entrance exams for overseas universities and English language tests including TOFEL.

It has over 700,000 registered users, according to its website. Zhan.com’s official Weibo account has over 8,600 followers.

(Update on December 8, 2015: Zhan.com announced it has raised US$84 million in series C round led by Sequoia Capital.)

 

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