Excellence Education received over 10 million US dollars from Sequoia (VC300)

South China's extracurricular tutoring training institution Excellence Education and Global Investment Fund Sequoia Capital formally signed a financing cooperation agreement in Guangzhou on March 29. According to the financing agreement, Sequoia Capital will inject more than 10 million US dollars into Excellence Education.

Excellence Education's capital injection from Sequoia Capital was the second successful round of financing after the first round of financing with Daxin Investment in 2007.

At the financing signing ceremony, Tang Junjing, president of Excellence Education, said that after Sequoia Capital's capital injection, Excellence Education may be expected to be listed earlier than expected, becoming the first listed educational institution in South China.

Established in 1997, Excellence Education has developed into the largest extracurricular tutoring and training institution in South China. It has 76 teaching centers in domestic first-tier cities such as Guangzhou, Shanghai, Shenzhen, and Chengdu, and trains more than 260,000 students annually.

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