Empower Education Online (EEO), a Chinese Software-as-a-Service (SaaS) provider in the edtech field, has secured $265 million in a Series C round of financing led by Hillhouse Capital’s venture capital unit GL Ventures, the lead investor announced on November 28.
Other investors included Chinese social media and gaming giant Tencent; global investment firm SIG; INCE Capital, an investment firm co-founded by JP Gan, ex-partner at Qiming Venture Partners; and Gaocheng Capital, which focuses on growth-stage PE deals in technological innovation and enterprise service.
