TutorGroup Raises US$15 Million from Qiming Venture Partners to Fund Expansion in China (Asia)

Source: Qiming Venture Partners

Online language tutoring company TutorGroup (the parent company of VIPABC.com and TutorABC.com) has raised US$15 million in growth financing from Chinese venture capital firm Qiming Venture Partners. The investment will be used to fund the expansion and delivery capacity of TutorGroup services throughout China.