Sier Education closes multi-mln-dollar Pre-A led by Qiming Venture Partners

2020-10-26
|
Lynn Lin

Sier Education, a financial education brand, recently announced the completion of its Pre-A round financing that was led by Qiming Venture Partners and followed by some previous investors. Sier Education has raised millions of US dollars in this round.


The funds raised will be mainly used to accelerate iteration of teacher recruitment, teaching and research, and technology, as well as product upgrades.


Sier Education adopts livestreaming for big classes and provides unlimited playback service within limited period of the course.


Compared with other online one-on-one teaching institutions, this model can help Sier Education reach more users and maintain sustainable business development.


Rather than the traditional recorded and broadcasted courses, Sier Education provides more cost-effective courses and makes sure more students complete their courses.


The number of paying students in the new exam season has so far increased by more than 600% compared to the previous one, and its monthly turnover has exceeded ten million yuan.


On average, Sier Education sells 60 class hours per second, with a turnover in one hour from the CPA online courses exceeding five million yuan, topping the industry.



RELATED ARTICLES

Xbed Xi Hotel receives RMB100 million in financing
2020-11-18
|
Tourism , PEVC

Memoray completes tens of millions of yuan in Series B financing
2020-11-18
|
PEVC , Medical care

Eugenlight Technologies closes Series A of RMB tens of millions
2020-09-13
|
PEVC , Semiconductor , Electroinic

BPassword closes angel round led by Eagle Fund
2020-09-13
|
PEVC , Blockchain

Microtera Semiconductor closes Series A with RMB tens of millions
2020-09-13
|
PEVC , Semiconductor

Zion Pharma closes USD20m Series A+
2020-08-14
|
Medical care , PEVC , Pharmaceutical

AI-Prime secures multimillion-yuan Pre-A round by Baidu Ventures
2020-07-29
|
PEVC , Artificial intelligence , Workspace , Security

Biren Technology closes new financing round
2020-07-20
|
PEVC , Semiconductor , Chip

Kingsware nets nearly RMB100m in Series A round led by Qiming Venture Partners
2020-07-15
|
PEVC , Software , Fintech

New Horizon Health closes USD30m Series E round
2020-07-15
|
Healthcare , Biotech , PEVC
China SDG