Legend Capital Invests $9.2M In Zhiyou Education’s Series A Round

Legend Capital has invested RMB60 million (US$9.2 million) in online education start-up Zhiyou Education’s series A round, according to an announcement (in Chinese).

Founded by a former executive at New York Stock Exchange-listed Xueda Education Group, Zhiyou Education focuses on providing one-on-one tutoring services for K12 students.

It has received an undisclosed angel investment from Xueda Education at the time of its establishment, says the announcement without specifying when the start-up was founded.

The start-up says it attracts high-quality teachers by offering higher compensation because it does not operate a brick-and-mortar training center.

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