/AirParking acquires pre-Series A for more efficient parking space rentals, & more

AirParking acquires pre-Series A for more efficient parking space rentals, & more

Parking space rental startup Airparking receives undisclosed pre-Series A in millions of USD

AirParking

Founded in: 2015

Financing status: 2017 pre-Series A round amounting to tens of millions in RMB (a few million USD)

Parking space rental startup AirParking on Monday received an undisclosed pre-Series A financing round worth millions of USD for its business expansion.

AirParking is a parking space rental startup that provides drivers with a fast and effective way to find and pre-book parking spaces before reaching their destination. It partners with parking lot managements across China, and implements intelligent reconstruction in these parking lots so that it can manage these parking spaces easily. Drivers can find and book parking spaces through its app, and can also complete payment there.

In addition, AirParking helps parking space management owners to manage and rent their parking spaces when they are not using it. It aims to maximize parking space management owners’ revenue through providing parking space rentals for drivers.

Founded in 2015 in Guangzhou, its parking space rentals cover more than 10 China cities including Guangzhou, Wuhan, and Changsha. It currently partners with more than 1,000 parking lot managements and has over 400,000 parking spaces available on its app.

This pre-Series A financing round was from SAIF Partners China. The capital will be used to expand its parking rental business in China, as well as improve its operational efficiency through the introduction of big data technology.

Big data based K12 extracurricular training startup Qinxue receives undisclosed Series A in millions of USD

Photo from 58pic.com
Photo from 58pic.com

Qinxue

Founder: Wang Qinjun

Founded in: 2015

Financing status: 2017 Series A round amounting to tens of millions in RMB (a few million USD)

Big data based K12 extracurricular training startup Qinxue on Monday received an undisclosed Series A financing round worth millions of USD to enhance operational efficiency of its education platform through increased investment in big data technology.

Qinxue is a K12 extracurricular training startup that provides kids with customized extracurricular training based on big data. There are one-on-one lessons or lessons in small classes available both online and offline. Its platform offers knowledge maps, a modular curriculum system, learning evaluation and other services to students. In addition, the platform will collect data from the students’ learning process, and provide them with customized learning path planning.

Founded in 2015 in Beijing, it has set up subsidiary corporations in some provinces such as Shanxi, Hunan, and Zhejiang. It has also launched more than 200 learning centers in these provinces to provide customized learning services. So far, its services has covered over 100,000 students with revenue exceeding RMB 200 million in 2016.

This Series A financing round was led by Shenzhen Qianhai Xingwang Investment Management. Qinxue plans to use the capital to enhance operational efficiency of its education platform through increased investment in big data technology, as well as implement market expansion plans to acquire new customers.

(Top photo from 58pic.com)

Kaikai Shi majored in Biotechnology at Zhejiang University. He now runs the Tech Financing column for AllChinaTech. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.