Venture Capital

FXiaoke; eKeguan in funding news


FXiaoke has secured funding in its Series F round from CDH Wealth Management, while eKeguan has closed its Series B round led by New Oriental Education and Culture Industrial Fund.

CDH backs FXiaoke

China’s cloud-based customer relationship management (CRM) software developer FXiaoke has completed raising ‘tens of millions’ in its Series F round exclusively from CDH Wealth Management, an alternative asset management platform set up by CDH Investments in 2012.

FXiaoke has so far raised over 1 billion yuan ($155 million) from a slew of marquee investment firms such as IDG Capital, Hillhouse Capital, CPE, Northern Light Venture Capital, China Soft Capital, and Kingdee International Software Group Company, FXiaoke announced on Monday. 

Before the current round, in November 2020, FXiaoke garnered a similar amount from Kingdee, IDG Capital, and Northern Light Venture Capital, among others. 

With headquarters in Beijing and divisions across eight cities in the country, FXiaoke delivers CRM solutions for Chinese SMEs.

eKeguan nets $15m in Series B 

Redpoint China Ventures-backed vocational education brand eKeguan said on Monday that it has closed its Series B round of financing led by New Oriental Education and Culture Industrial Fund, a 1.5 billion yuan ($233 million) industry fund launched by China’s New Oriental Education & Technology Group in 2018. 

The round saw the participation of returning investor Zeyu Capital. Investment bank Yuanqi Capital served as its financial advisor, according to a company statement. 

Proceeds of the funding round will be deployed to strengthen its education products and resources, besides sprucing up recruitment. 

eKeguan primarily helps users pass exams in areas of banking, education, civil service, and healthcare. 

eKeguan’s early-stage investors include technology-driven Cloud Angel Fund and education fund BE Capital. 


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