China's NetDragon Raises $52.5M for Its Online Education Business
January 08, 2015
NetDragon, a mobile Internet platform developer in China, has raised $52.5 million of Series A equity funding for its online education subsidiary. Investors in the round include IDG Capital Partners, Vertex Venture and Alpha Animation. The investment, which values the subsidiary at $477.5 million, will be used to accelerate product development of its online/mobile education ecosystem platform. NetDragon is developing K-12, vocational, non-academic credential and lifelong educational products by leveraging mobile Internet technologies to enhance the learning environment, using gamification models to make learning fun and applying user behavioral analysis to deliver pedagogical approaches.