Chinese edtech platform Jiliguala nets $100m Series C from Tencent, others

Online English Learning

Shanghai-headquartered online English learning platform Jiliguala on Monday announced the completion of its nearly $100-million Series C round from investors including Chinese tech giant Tencent. 

China-focused PE Trustbridge Partners also re-upped in the round, the investee said in a WeChat post. Lighthouse Capital facilitated the latest transaction. 

The returning investor had initially teamed up with Bertelsmann Asia Investments (BAI) to invest nearly $10 million in Jiliguala ’s Series A round in 2017. Subsequently, in 2018, Trustbridge, BAI along with Sequoia Capital China and Holy Capital had together invested in Jiliguala’s Series B round. 

With the fresh proceeds, Jiliguala will seek to launch more products. 

Jiliguala, set up in 2014, offers English reading courses for children aged 3-12. It claims to have helped over 50,000 users across 500 cities to learn English through songs, animation, picture books, interactive video classes, others. 

The brand has foraged partnership with global publishing company Penguin Random House to create AI-driven education products. 

Jiliguala closed its pre-A round in 2016 from Yongjin Group’s investment arm and edtech-focused Gene Capital, besides an angel round in 2014 from ZhenFund. 

In other recent transactions in China’s online learning space, Palfish raised $120 million in two Series C funding tranches from SIG China, FutureX Capital, others in August last year while VIPKid garnered $80 million in a Series A round led by Sequoia Capital China and Tencent.

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. 
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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.