Recently, Cloud Conch Education announced that it has completed the Pre-A round of financing of RMB 15 million yuan. This round of financing was led by Jiangsu Jiayi Education Technology Co., LTD., followed by Cloud Conch Education angel investors Li Yinan and Mr. Chang Lang.
Jiangsu Jiayi Education Technology Co., Ltd. is mainly engaged in educational software development and service, primary and secondary school extracurricular tutoring services, online learning assessment, and its main customers are k12 students and off-campus education institutions. Jiayi Education has been listed on the New Third Board in July 2015, and is now planning a new listing destination. The company has 35 direct training centers in East China, more than 1500 cooperative schools, direct training centers in the same period of more than 20,000 students. Wang Xiaobing, chairman of Jiayi Education, said that Jiayi has been in contact with the founding team of Cloud Conch for two years, and the two sides have established a friendly business cooperation. The investment in Cloud Conch is mainly based on the company's good outlook on the k12 online English education market, based on the confidence of Cloud Conch team, based on the recognition of Cloud Conch "B2B2C" model. We look forward to working together to benefit more educational institutions and children.
Cloud Conch Education is the first investment object in the Internet education field of Mr. Li Yinan, who is praised as a technical "genius" by the media. As the founder and angel investor of Niudian Technology, Mr. Li Yinan said that he is very optimistic about the founding team of Cloud Conch and the excellent user reputation they have accumulated in the field of one-to-one foreign teachers and double teachers. He also believes that Cloud Conch education will go further in the field of online foreign teachers and double teachers.
Cloud conch CEO Yang Dongliang at the press conference
Yang Dongliang, CEO of Cloud Conch, said that the financing will be used to upgrade the teaching content "centered on customer needs", expand the scale of the teacher center in the United States, and support the construction of a comprehensive dual-teacher platform in the cooperative schools.
It is reported that Cloud Conch reached an agreement with Hengshui Middle School in Hebei Province in December 2017, which introduced Cloud Conch's self-developed online dual-teacher classroom and Internet English education resources into traditional schools for teaching. This indicates that in the whole education industry, the online foreign teacher model will be integrated into the traditional classroom in multiple dimensions.
