China Digest: Faceu gets $50m; ClearVue invests in Changingedu; THG backs Ingcare

In the start-ups’ funding space, photo editing application Faceu has secured $50 million in a Series C round from undisclosed investors. Meanwhile, online-to-offline education company Changingedu has raised $55 million in Series D led by ClearVue Partners, and Ingcare has got pre-Series A financing led by THG Ventures, according to China Money Network.

Photo-editing app Faceu raises $50m Series C

Chinese photo and video editing application Faceu has raised $50 million in a Series C round of investment from undisclosed investors.

The online platform allows users to take pictures and videos and add over 300 live effects including stickers connecting with social media platforms. Faceu has got over 250 million global users, of which 75 per cent are women.

Photo editing apps are increasingly becoming popular globally, China’s Meitu being one of them. The company is gearing up for an IPO in Hong Kong at a valuation of about $735 million.

Changingedu gets $55m Series D

Shanghai-based online-to-offline education company Changingedu has got $55 million in a Series D funding round led by ClearVue Partners, an expansion and growth stage focused firm, and TAL Education Group, an education and technology enterprise based in china.

Other investors who participated in the round included IDG Capital, Sequoia Capital, Trustbridge Partners and FreeS Fund.

Changingedu offers online plus offline courses including services like one-to-one courses on weekends. The company currently operates in 30 cities in China. Its education service app connects students, parents and teachers to facilitate the tuition service.

Ingcare gets pre Series A investment

Beijing-based Ingcare, a platform that offers education support for autistic children, has raised a pre Series A financing round led by THG Ventures, the venture capital arm of Tsinghua Holdings.

The investment is estimated to be worth tens of millions of RMB. The round was also joined by Beijing Chengchuang Lihe Angel Investment Company.

The financing will be used to improve education for teachers who deal with autistic children, reported Sixth Tone quoting Wang Wei, founder of Ingcare.

Also Read:

China: ClearVue Partners closes second consumer fund at $362m hard cap

Chinese e-learning firm Ambow seeks to list anew on NYSE

New Oriental Education leads $13m in Chinese provider of kids content

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.