China's ByteDance leads $57m Series C in US edtech firm Minerva Project

China's ByteDance leads $57m Series C in US edtech firm Minerva Project

The logo for Beijing ByteDance Technology Co.'s Jinri Toutiao mobile app is displayed at the company's headquarters in Beijing, China, Photographer: Giulia Marchi/Bloomberg

ByteDance, the Chinese technology giant best known for its video-sharing app TikTok, has led a $57-million Series C funding round in San Francisco-based education technology (edtech) firm Minerva Project.

According to a statement released by the US company, the funding round, which brought its total capital raised to date in excess of $128 million, was also participated by existing investors TAL Education Group and Yongjing Group.

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