SHANGHAI :
Chinese Coding Education Platform Secures New Funding
Xu Wei
DATE:  Feb 19 2019
/ SOURCE:  yicai
Chinese Coding Education Platform Secures New Funding Chinese Coding Education Platform Secures New Funding

(Yicai Global) Feb. 18 -- Pipa Coding, a Chinese  startup providing computer programming education for children, has  closed A+ funding of CNY120 million (USD17.7 million), led by Hillhouse  Capital Management along with existing investors XVC Venture Capital and  Source Code Capital

The new round brings total A-round financing to  more than CNY200 million, according to a statement from the  Beijing-based firm. The company will use the funds to develop courses  and research new teaching products.

Encore Capital Group served as exclusive financial adviser for the round, the company said providing further details. 

Pipa Coding designs its courses based on methods  used by the US Computer Science Teachers Association and refers to the  Attention, Relevance, Confidence, and Satisfaction model to continuously  optimize the course experience. 

Editor: William Clegg

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