On January 28, Acadsoc has completed the sreies C5 funding. This round of investors is composed of the old shareholders and new shareholders of Acadsoc. Although the investor and financing amount have not been disclosed. According to statistics, as of this round of financing, the accumulated financing of Acadsoc series C is nearly 1 billion yuan.
In 2020, Acadsoc has obtained two rounds of RMB 100 million level financing in two consecutive months. However, a new series of financing is only two months away from the last financing. It can be seen that with the rapid development of online children’s English education, enterprises are more favored by capital, and their financing frequency and scale have significantly improved.
Acadsoc’s current round of funds will be mainly used to promote the process of platform refinement, service upgrade, talent reserve, and team development and construction. It is expected that Acadsoc will enhance their market competitiveness in terms of product and service innovation.
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