A Discovery Early Edu closes RMB10m-level Series A financing round

The early childhood education brand A Discovery Early Edu recently announced on its official website that it has completed 10 million yuan in its Series A round of financing.

The early childhood education brand A Discovery Early Edu recently announced on its official website that it has completed 10 million yuan in its Series A round of financing.

Proceeds from this round of funding will be used for the expansion of directly operated stores and franchise stores, curriculum upgrade, human resource development, and introducing quality educational resources, and the improvement of information systems, etc.

Established in Xi’an in 2007, A Discovery Early Edu has grown into a comprehensive education industry group integrating parent-child early education, childcare, kindergarten, playground, education investment, online education and business school, among others.

according to the founder the company, Li Wenhui, during the Covid-19 Pandemic, the parent-child early education and medical care programs of A Discovery Early Edu have achieved growth against the trend, with single store revenue exceeded 600 thousand yuan.

And Li claims that the team’s professional operating ability is an important reason for gaining the favor of venture capitals.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/23/a-discovery-early-edu-closes-rmb10m-level-series-a-financing-round/.

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