Huivo, a China-based provider of education technology for kindergarteners, has received RMB 150m ($23m) in series B funding led by conglomerate Fosun Group, Asian Venture Capital Journal reported on Monday.
Fosun, which invested through its Fosun Kinzon Capital unit, was joined in the round by education services provider Tal Education, according to a report by Chinese technology news source 36kr.
Huivo has developed an interactive education platform for young children that combines studying materials with educational games and entertainment. It had raised $24m from undisclosed backers across two previous rounds, according to Asian VC news source E27.
– Photo courtesy of Huivo