As online education concept is in full swing in China, Yuantiku, an online question bank, raised US$15 million of Series C financing from existing investors of Matrix Partners China and IDG at a market valuation of around US$125 million. The company has received US$2.2 million of Series A financing from IDG in 2012 and US$7 million Series B from Matrix Partners China and IDG in 2013.

The new funding will be injected in product upgrading, marketing and branding, according to Yuantiku CEO Li Yong.

Yuantiku is an one-to-one online smart exercise database that provides authoritative contents, mostly questions from previous exams, to students preparing to pass various tests. The company launched its first K-12-focused offering, a exam database for National College Entrance Exam, in October last year. This database has had over 1.5 million users as of the end of this June, representing one-sixth of the total students that participated in China’s national college entrance exam this year, according to the company.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.