MagicEars, the Beijing-based English language tutoring start-up, has raised $6m in first round funding from the Bob Xu ZhenEdu Fund and online tutoring company Yuanfudao. MagicEars will use the funds to develop its teaching and research platform. Launched last March MagicEars teaches English to Chinese students aged five to 12 via virtual classes. The firm is also working with a number of universities around China on developing their own versions of the technology.
MagicEars, the Beijing-based English language tutoring start-up, has raised $6m in first round funding from the Bob Xu ZhenEdu Fund and online tutoring company Yuanfudao. MagicEars will use the funds to develop its teaching and research platform. Launched last March MagicEars teaches English to Chinese students aged five to 12 via virtual classes. Reflecting the growing demand for online English learning the deal came a few days after Chinese tutoring start-up Vipkid secured a $200m series D round of funding, valuing the company at nearly $1.5bn.