KKR leads $150m Series E1 round in Chinese edtech firm Huohua Siwei

Luo Jian, founder and CEO of Chines online education platform Spark Education, announces the completion of a $150-million Series E1 round at a media briefing in Beijing on August 26, 2020. Source: GSR Ventures.

Huohua Siwei, a Chinese online K12 mathematics and science education platform, has collected $150 million in a Series E1 round of financing led by New York-based private equity powerhouse KKR & Co as its paying users increase significantly in recent months.

With this sixth round of funding, Huohua has raised $340 million to date, according to a statement on Wednesday.

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