The corporate venturing unit of China-based conglomerate Fosun Venture Capital Investment has invested $16m in a series A round of funding of Uniquedu. The target company is a China-based software education developer that specialises in training software development for professionals and project management in the areas of mobile Internet, cloud computing and Internet marketing. News of the investment has come from Chinese media reports.
The company, which has branches in Silicon Valley, Miami and Tokyo, will allocate the new capital to improve and distribute its services through its Kaikeba.com business, said reports. Having operations in China, Silicon Valley and Miami gives the business access to both the North and South American markets (Miami, given its excellent routes to main hubs in Central and South America).
Other recent corporate venturing investments in the education sector include Smart Education, a Japan company developing education apps for children, which has recently raised $5.4m from CyberAgent and Infinity Ventures. The deal marked the company’s first round of funding. And the record $100m financing deal of TutorGroup. The China online language learning platform raised close to $100m in series B funding from China e-trader company Alibaba Group, as well as Singapore government-backed investment company, Temasek ,and Qiming Venture Partners, an early to growth stage venture capital firm based in China.