Oriental Fortune Leads Venture Round In Online Education Firm DadaABC

Oriental Fortune Capital, a Shenzhen-based venture firm, has led a series B+ round in DadaABC, an online English language education start-up.

Existing investor Yonghua Capital also participated in the round, which amounts to millions of RMB, the company said.

Founded in 2013, DadaABC focuses on online English language learning for children aged between five and sixteen. It has over tens of thousand paid students in China.

The start-up plans to use the proceeds on marketing, online course expansion and improving learning experience for students.

China Money Network Subscription