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.