AAA Vtron takes a seat at $72m education fund

Vtron takes a seat at $72m education fund

TFTR Investment, a private equity affiliate of China-based securities brokerage Tianfeng Securities, reached the first close on Monday of a RMB500m ($72m) education-focused fund backed by education services provider Vtron Group.

Vtron-TFTR Education Industry Fund has reached the RMB300m ($44.3m) target for the first close, the size of which was first indicated by a stock exchange filing in October 2018.

Vtron and TFTR are each committing 20% of the fund’s total capital, TFTR said in a statement on its WeChat account announcing the close.

The fund will target investments in companies developing technology focused on children’s education, providing each of the companies with access to its promotion and distribution resources, as well its expertise in big data collection.

Vtron had already begun making its own corporate venturing investments, having participated in a $41m series C round for US-based educational robotics developer Wonder Workshop in 2017.

Tianfeng’s previous investments include film marketing and distribution services provider Magilm Pictures and online business media platform Blue Whale Media.

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