Sports training startup Doing Now secures USD 75M to expand consumer base, & more

Sports training startup Doing Now receives USD 75M for Series A

Doing Now

Founded in: 2010

Financing status: RMB 500 million (USD 75 million) for Series A financing in 2017

Sports training startup, Doing Now, received USD 75 million for Series A on September 28 to build more consumption scenes in the sports training industry.

Doing Now is a sports training startup that mainly provides sports training services for children ages 4 to 17. Besides providing children with training services, it also holds sports events and other activities in gymnasiums.

Founded in 2010 in Beijing, Doing Now has attracted millions of users, including children and parents. Its services cover 18 first- and second-tier cities in China, including Beijing, Shanghai, Guangzhou, and Shenzhen. Additionally, it has about 3000 coaches running its sports training services. At present, Doing Now is the largest sports training organization in China.

This new financing round was led by Yao Capital, founded by Ming Yao, the basketball superstar. This financing round is the largest single financing round in the sports training industry. The capital will be used to improve its sports training services, expand its services to relevant industries, and build more consumption scenes.

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AI technology service provider Faqrobot receives USD 4.5M for Series A


Founder: Wang Qingshen

Founded in: 2013

Financing status: RMB 30 million (USD 4.5 million) for Series A financing in 2017

AI technology service provider, Faqrobot, received USD 4.5 million for Series A on September 28 to boost its sales.

Faqrobot is an artificial intelligence technology service provider that provides enterprises with Intelligent voice robots, like a customized version of Siri. Its robots can be used to answer questions based on knowledge matching, interact, integrate smart hardware and data sorting, and analyze services based on semantic analysis.

Founded in 2013 in Nanjing, it has more than 30,000 enterprises registered on its platform, which cover financial, e-commerce, IT, travel and other industries. Meanwhile, it is investing in the research and development of its AI technologies to expand to more scenes, as well as for more enterprise partners.

Faqrobot grabbed this Series A financing round led by Shenzhen-based venture capital firm, Songhemengxiang. The company plans to use the funds to optimize its products to apply to more scenes, as well as integrate its human and robot interaction solutions to more industries.

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Kaikai Shi

Kaikai Shi writes for us. He holds a bachelor's degree in Biotechnology at Zhejiang University. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.

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