The remote education software provider has now raised $40.2m within the past month from investors including Chinese Academy of Sciences.
Baijiayun, a China-based remote education and training video platform backed by Chinese Academy of Sciences, has closed a RMB93m ($13.9m) series B-plus round led by venture capital firm Fortune Capital, DealStreetAsia has reported.
GP Capital, a fund backed by government-owned financial holding group Shanghai International Group, took part in the round alongside private equity fund manager Bondshine Capital and investment firm Qinglan Capital.
The funding comes weeks after GP Capital led a $26.3m series B round for Baijiayun that included Cash Capital, the investment subsidiary of Chinese Academy of Sciences, as well as Qinglan, Shenzhen Houde Qianhai Investment and unnamed members of Baijiayun’s team.
Bondshine Capital has now been revealed as a series B investor but does not appear to have disclosed its involvement at the time.
Baijiayun markets cloud-based software tools to help schools and enterprises compile interactive learning courses replete with live-streamed classes and…
