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Sequoia Capital Leads $84M Series C Round In Zhan.Com

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Shanghai-based online education firm Zhan.com has completed US$84 million series C round of financing led by Sequoia Capital, according to a company announcement.

Last month, Chinese media reports inaccurately reported that Zhan.com had raised US$60 million in its series C round.

Vision Knight Capital, existing investors GGV Capital, Milestone Capital, Shunwei Capital, and Bertelsmann Asia Investments also participated in the round.

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.

 


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