Fun Memories announced today that the company had garnered 40 million yuan in a strategic financing round led by Huayu, and joined by Shunwei Capital.
This is the first strategic financing for the Fun Memories brand. With this round of financing, the company will take this opportunity to improve user experience with professional memory products and quality services, and strive to build a K12 online education platform driven by both scientific memory and technology.
Fun Memories is a developer of an education mobile application intended to help students improve their memory skills.
The company's educational application challenges students to memorize words in Chinese and in English and also allows parents and teachers to track the student's progress, enabling students to expand their vocabulary and improve their memorizing skills.
To date, the users of Fun Memories have spread to 29 provinces and more than 120 cities in China.