Chinese online education provider Codemao nets $57m Series C round

Chinese online education provider Codemao nets $57m Series C round

Codemao, a Chinese online education platform that offers coding classes to kids, announced on Monday that it has secured 400 million yuan ($57 million) in a Series C round of financing led by the Russia-China Investment Fund.

The round was joined by Hillhouse Capital; Asia-focused private equity firm SAIF Partners; Everbright New Economy USD Fund, a $483-million investment platform of Hong Kong-based financial services company China Everbright Limited; and Chinese state-owned Guangdong Technology Financial Group.

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