TechCrunch
English-learning platform TutorGroup announced that it has raised a $100 million Series B round from investors including Chinese Internet giant Alibaba Group, Singaporean investment firm Temasek, and Qiming Venture Partners. TutorGroup says it plans to use the funding to grow its business in Asia and expand in the Americas.
Its massive Series B will help TutorGroup compete with online-learning platforms like Coursera as they prepare to enter China. Duolingo is also another potential competitor, though the free learning platform’s English course for Chinese speakers is still in incubation. This latest round of funding brings the total TutorGroup has raised so far to $115 million. Launched in 2004, TutorGroup’s international headquarters are in San Francisco and its main products are VIPABC and TutorABC, which are geared toward English-language students in China, Hong Kong, and Taiwan. TutorMing, on the other hand, is for people who want to learn Chinese. The company connects 2,000 teachers in 30 countries with language students through real-time class sessions. TutorGroup’s technology platform has allowed it to scale up by automatically recommending class size, learning pace, and course content.
Read more…
Language-Learning Platform TutorGroup Raises $100M From Investors Including Alibaba
