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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

GIC, Russia-China Fund Join $200M Series C Round In TutorGroup

Posted on 23 November 2015

Shanghai-based English language online learning platform TutorGroup has completed US$200 million series C round of financing from Singapore’s sovereign wealth fund GIC, the Russia-China Investment Fund, Goldman Sachs and Silverlink Capital L.P., says an announcement.
Existing investors also participated in the round, which values TutorGroup at over US$1 billion. The company says it will use the proceeds on expanding internationally and growing its existing business platform. TutorGroup also plans to expand its education subjects beyond language learning to other areas such as legal counsel, medical advice, and personal wealth management………………………………………..Full Article: Source


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