AAA VIPCode takes in Softbank China

VIPCode takes in Softbank China

VIPCode, a China-based online child education and programming company, has raised RMB85m ($13.3m) from investors including SoftBank China Venture Capital, a local corporate venutring arm of telecoms group SoftBank, accoridng to 36Kr.

Sinovation Ventures led the round, which also featured Blue Lake Capital and ZhenFund.

VIPCode provides online programming education service for teenagers and children aged 6 to 16 years.

The platform hopes to train 100 to 150 teachers by the end of the year. It is also investing in speech recognition, image recognition, emotion recognition, natural language processing and deep learning technologies.

Blue Lake Capital previously contributed to a $1.5m funding round in December 2017.

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