Stella Yu
Online education platform Afanti.com has completed a RMB 387 million (USD 60 million) B-series fundraising from Shenzhen Capital Group, Fenghuang Xiangrui and Lang Ma Feng Venture Capital, Tencent Tech reported on Tuesday.
Founded in July 2014, Afanti.com has become the “biggest real-person online Q&A platform countrywide,” on which tens of thousands of registered teachers communicate with and solve problems for 20 million registered students, according to Tencent Tech.
In terms of technological development, the site came up with a new “photo search” function. Parents or students can simply take a picture of the question and the search engine automatically picks the right answer from its huge database of difficult questions.
The Afanti 2.0 can even identify hand-written formulas and solve them through automatic calculation in seconds.
Prior to this round of fundraising, Afanti.com had received RMB 10 million funding from Plum Ventures and Amphora Capital. In January 2015, it completed a RMB 116 million A-series funding led by Amphora.