VR learning platform Growlib receives undisclosed pre-Series A in millions of USD
Founder: Zhang Kun
Founded in: 2016
Financing status: Pre-Series A amounting to tens of millions in RMB (a few million USD) in 2017
VR learning platform Growlib on Tuesday received an undisclosed pre-Series A financing round in millions of USD to create more VR learning content.
Growlib is a VR learning platform that produces customized learning solutions for students and teachers under various courses. Students can use its VR equipment to experience real-life situations based on the curriculum. One such situation is taking a look at the underwater world through VR equipment while students learn about it. This learning method can help students master the knowledge better as well as increase students’ learning interest.
Founded in 2016 in Beijing, Growlib has so far reached partnerships with some well-known hardware manufacturers, schools, museums and other institutions to sell its VR learning material.
This pre-Series A financing round was led by Zhonglu Capital, and Youget Capital and Fenyi Capital also joined as investors. The capital will be used to create more VR learning content based on school curriculum, as well as expanding its sales team to acquire new partners.
Mobile communication app developer Chubao receives USD 100 M for Series D
Founder: Wang Jialiang
Founded in: 2008
Financing status: RMB 689 million (USD 100 million) Series D financing in 2017
Mobile communication app developer Chubao on Monday received USD 100 M in its Series D financing round to increase investment on its technology.
Chubao is a Shanghai-based mobile communication app developer that mainly provides users a mobile multilingual input tool and a smart dialer mobile app. Its input tool allows users to input over 120 languages on their mobile phones, and it is now available in 158 countries all over the world. In addition, its dialer mobile app currently has 600 million users globally, with 90 million daily users.
Its smart dialer mobile app, which was launched in 2014, is mainly designed for Chinese customers. Chubao established a database with over 10 million local merchants’ phone numbers, which helps users filter unwanted calls. The app has now over 500 million users in China.
Its Series D financing round was led by CCB International and HG Capital, as well as some existing investors including Sequoia Capital China, Qiming Venture Partners, and SIG also participated in this round. Chubao plans to use the fund to invest more on its technology and to recruit more marketing talent.
(Top photo from 58pic.com)