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Venture Capital
by Greg Cruey on September 18, 2007
Juren Education Group, a fairly well known named brand for education in China, received US$20 million in venture capital funds earlier this month to expand its after school tutoring programs.
Several sources picked up the Xinhua-PRNewswire story on the funding. It was the second example this month of venture capital funds moving into the education industry in China. As a service industry, on-demand education and training is in its infancy in the People's Republic. But growing personal income and a demand for skilled labor have combined to make education a growth industry.
The funding came from Qiming Venture Partners. QVP is linked to the American firm Ignition Partners as well as to SIG in China. Juren has over 100 learning centers in Beijing, Shanghai, and a handful of other major cities in China. The firm tutors primarily in math, Chinese composition, and English but offers other subjects as well. Its students range in age from infants to 18.
Several sources picked up the Xinhua-PRNewswire story on the funding. It was the second example this month of venture capital funds moving into the education industry in China. As a service industry, on-demand education and training is in its infancy in the People's Republic. But growing personal income and a demand for skilled labor have combined to make education a growth industry.
The funding came from Qiming Venture Partners. QVP is linked to the American firm Ignition Partners as well as to SIG in China. Juren has over 100 learning centers in Beijing, Shanghai, and a handful of other major cities in China. The firm tutors primarily in math, Chinese composition, and English but offers other subjects as well. Its students range in age from infants to 18.
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