Centurium leads $100m round for China education platform

The company has now raised more than $150 million across eight rounds from the likes of New Oriental Education & Technology Group, Yuxin Capital, Zhihe Capital, ChinaEquity Group and ShouTai Jinxin Fund, in addition to Centurium.

Founded in 2014, Zhangtong develops remote video surveillance platforms used by parents and kindergarten teachers to monitor the daily activities of children at school. It also provides a variety of tools intended to improve kindergarten administration and management.

The company claims to be the market leader in China, covering more than 80,000 kindergartens and serving 30 million parents and one million teachers. Active monthly users total 8.95 million and 650,000 among parents and teachers, respectively.

The new capital will go toward the expansion of market share in the 2-6 year group and connecting online and offline resources to create an early education ecosystem that involves everything from dining to clothing to parenting. To achieve this goal, Zhangtong will cooperate with online content providers and companies that supply smart school management solutions.

One of a handful of middle-market spin-out GPs to launch in China in recent years, Centurium launched its debut fund with a target of $1 billion. Two months ago, the hard cap was increased from $1.5 billion to $1.98 billion. Investments include biopharmaceutical specialist China Biologic Products, coffee shop chain Luckin Coffee, and eyewear brand Loho.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Greater China
• Consumer
• Expansion
• Growth
• TMT
• China
• Education
• Centurium Capital