On November 1, UMU, an educational SaaS company, announced the completion of its C3 round of financing of hundreds of millions of yuan. This round of financing was led by Huaxing New Economy Fund, followed by Wuyuan Capital. Huaxing Capital served as the exclusive financial advisor for this financing.

Prior to this, UMU has completed 6 rounds of financing, including Gaocheng Capital, Hillhouse Ventures, Wuyuan Capital, Huaxing New Economy Fund, etc.

This round of financing will be used for learning science and AI technology, as well as for talent development, business development, and organizational development of enterprises, so that enterprise learning can truly bring about changes in behavior and performance, and enhance the core competitiveness of enterprises.

Regarding this round of financing, Bao Fan, chairman of China Renaissance, founding partner of the fund, and chief investment officer, said that a large number of contemporary enterprises have transformed from human-driven to knowledge-driven, and how to manage knowledge, build a knowledge system, and realize human capital appreciation , has become one of the most important issues for enterprises. In this area, we are delighted to see that UMU has made corporate training offerings for the global digital native generation.

According to Qichacha, the UMU interactive learning platform was established in 2014. It is an online interactive education and training platform. In November 2019, it received investment from angel investor Wang Gang. The investment amount has not been announced.