AW Education International closes RMB200m financing round

AW Education International today announced the completion of its Series B financing round, which was exclusively led by the investment fund managed by Riverhead Capital.

AW Education International today announced the completion of its Series B financing round, which was exclusively led by the investment fund managed by Riverhead Capital.

With this investment, Riverhead Capital directly invested 200 million yuan in AW Education International and intends to co-sponsor the establishment of a one billion yuan investment fund to further invest in international education projects such as the post-study abroad market, study abroad supporting services and physical international schools.

Wang Jing, founder of AW Education International, said that after completing the Series B round of financing, the company will accelerate the development of existing businesses, innovative product development and recruit industry elites.

The company will invest in and acquire upstream and downstream companies to further enrich the product chain of international education.

In the meantime, a scholarship program will be launched to select college students and high school students with high potential nationwide and provides scholarships totaling over a million yuan.

Founded in 2009, AW Education International is a provider of study abroad services targeting high school, university and Master’s students in China.

The company offers comprehensive services to students applying to study abroad in North America, Europe, Australia and Asia, including preparation for English proficiency exams and university entrance exams, and access tointernship and volunteer opportunities.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/03/aw-education-international-closes-rmb200m-financing-round/.

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