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
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.