Filter camera app Faceu receives USD 50M for Series C
Founder: Guo Lie
Founded in: 2015
Financing status: RMB 333 million (USD 50 million) for Series C financing in 2017
Filter camera app, Faceu, received USD 50 million for Series C on October 30 for market expansion plans.
Faceu is a filter camera app that allows people to create a “moe” version of themselves with cute stickers, as well as share it with friends. Unlike traditional camera apps that enable users to edit their photos after photographing, Faceu allows users to edit their photos and short videos with stickers in real-time so that they can change the stickers while taking photos. Additionally, the app also features a collection of filters.
Founded in 2015 in Shenzhen, Faceu has so far attracted more than 250 million users in China, 75% of which are female. According to the company, its monthly active users exceed 80 million. The founder, Guo Lie, said Faceu is expected to develop from a camera tool app into a social app. By providing more moe stickers, in plans to attract more users and retain them. Additionally, the company has also integrated video chat, LBS-based social networking, and other social features on Faceu.
This new financing round was led by an undisclosed group of investors. Previously, Faceu raised financing funding from Meitu, China’s leading photo app developer, and Lightspeed China Partners and IDG. The capital will be used to introduce AR technology, acquire more partners, and improve promotion and operation, as well as expand to overseas markets from Southeast Asia.
Tutor matching app Qingqing Jiajiao receives USD 55M for Series D
Founder: Liu Changke
Financing status: RMB 366 million (USD 55 million) for Series D financing in 2017
Tutor matching app Qingqing Jiajiao received USD 55 million for Series D on October 30 for the research and development of an online education system.
Qingqing Jiajiao is a tutor matching app that provides students with one-on-one, at-home tutor matching services based on big data.
Qingqing Jiajiao matches tutors and students under big data analysis and students’ preferences. Once a tutor accepts the match, he or she is asked to communicate with the parents of the student, make education plans, give feedback after class, assign tests, and so on.
By now, there are more than 100,000 tutors available on Qingqing Jiajiao’s app, 16,000 of which have the authentication of teaching service data. Most of these tutors are free teachers, from training institutions, in-service teachers, and teachers with public school experience. Additionally, its online services are available across China, while its offline door-to-door tutor services cover 19 cities in China, including Beijing, Shanghai, Guangzhou, Tianjin and so on.
This Series D financing round was led by TAL Education Group, a K-12 after-school tutoring service provider, and Clearvue Partners, with all of its existing investors participating, including IDG, Sequoia Capital, and so on. The company plans to use the funds to improve its education system, and invest in the research and development of teaching technology.
（Top photo from Baidu Images.）