Strategic Investors Including Temasek Invest $100 Million in TutorGroup
Singapore’s Temasek Holdings is quite the Asian venture capital investor. The Singaporean sovereign wealth fund centers on online companies reaching broad audiences. The online education and English-learning company TutorGroup raised US$ 100 million in a Series B round from Temasek Holdings, Qiming Venture Partners and Alibaba Group.
In April 2012, China-based TutorGroup raised US$ 15 million from Shanghai-based Qiming Venture Partners. Tutor Group was founded in 2004 by brothers Ming Yang and Eric Yang.
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