China’s Wu Capital leads round for vocational training business

Students learning on their computers in a classroom. Photo: Pixabay

Sanjieke, a China-based vocational training services provider, has raised RMB130 million ($19 million) in a Series B round of funding led by Wu Capital, China’s 36Kr repored.

The company previously raised its angel and Series A rounds from Will Hunting Capital, K2VC, IDG Capital, Geekhouse Capital and Zhichu Capital.

The fresh fund will be used to expand its business.

Sanjieke will also work with internet companies such as China’s BAT (Baidu, Alibaba and Tencent) and TMD (Toutiao, Meituan, and Didi Chuxing) to build core talent evaluation standards with enterprises, and improve the application of competency models and professional ability assessment tools.

Established in 2015, Sanjieke is an online education platform targeting IT professionals based in China. It was originally positioned as an “online university for Internet people”. It provides relevant Internet practical courses in the form of online recording classes.

Since its establishment, the Sanjieke has completed financing on average every year, and the post-investment valuation has exceeded RMB 1 billion.

Wu Capital focuses on investments in healthcare, consumer, high-tech, education. The firm’s investments expand to businesses across multiple stages and asset classes, including VC/PE funds, hedge funds, direct equity investments and bond investments.