Online education

Korean education startup secures funding from China

By raising $14.5 million from a group of investors led by Legend Capital, Mathpresso is one of a handful Korean startups that has managed to get funding from a high-profile Chinese venture capital fund.

Education technology startup Mathpresso has raised $14.5 million in a series-B funding round in one of the biggest early-stage fundraising deals out of South Korea so far this year. 

The funding round also stands out because it was led by Legend Capital, the venture capital arm of China’s Legend Holdings, which owns Lenovo, the world’s largest computer maker.

Although no precise data is available, Chinese investment into Korean startups is known to be relatively rare. 

Four year-old Mathpresso is also one of only handful of Korean companies to have raised more...

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