Chinese OMO edtech firm Fenbi nets $390m in initial round led by IDG, Trustbridge

Source: Avel Chuklanov/Unsplash

Fenbi Education, a Chinese provider of online-merge-offline (OMO) vocational education, has secured $390 million in its initial round of financing led by China-focused IDG Capital and growth equity firm Trustbridge Partners.

China Renaissance’s investment arm Huaxing Growth Capital, Hony Capital, a Chinese private equity (PE) firm owned by Legend Holdings, and other investors participated in the round.

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