Dealflow | January 4, 2021

The Rise Fund leads $210 million round for Chinese edtech venture Meishubao

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, January 4 –  Beijing-based Meishubao offers artificial intelligence-based online arts classes for young students. Like many other edtech ventures, the company’s growth has been buoyed by the pandemic’s acceleration of online learning.

TPG Growth led the company’s $210 million Series D round from its second impact-focused Rise Fund.

In July, Rise Fund launched a solar investment arm, Matrix Renewables, after acquiring the one-gigawatt renewable energy portfolio of China-based Trina Solar.