China’s Online Degree Provider Beacon Education Raises $6M in Series B Fundin

Beacon Education, a leading education technology and services provider based in Beijing and California, has raised $6 million in a Series B financing round led by Redpoint China Ventures.

The latest funding follows last year’s Series A round led by Telescope Investments, according to a press statement provided by the company.

Founded in 2018, Beacon Education is the largest provider of online master’s degrees in China. It partners with targeted universities around the world to deliver their high-quality educational degrees, programs and resources directly to China. Beacon offers a comprehensive technology and services suite and provides its partners robust applicant marketing, acquisition, and nurturing services, a proprietary teaching and learning solution with synchronous and asynchronous program delivery options, and in-country academic and student support teams all optimized the connection of global educators with Chinese learners.

Beacon Education has so far partnered with more than 15 world-class universities, including Tsinghua University, Duke University, the University of Pennsylvania, Illinois Institute of Technology, Rochester Institute of Technology, Northern Arizona University, and the University of Otago in New Zealand. It currently offers more than 25 graduate and undergraduate degrees in computer science, artificial intelligence, software engineering, electrical engineering, business, finance, and education.

Expressing the company’s plans to continue to partner with leading global universities to provide international educational resources to students and professionals across China, Michael Wang, Founder and CEO, Beacon Education, said,

“We hope to continue to empower leading global universities with best-in-class technology and services, provide innovative education solutions for domestic students and professionals, and put outstanding international educational resources at their fingertips.”

The Beijing-based company plans to use the latest funds to accelerate expansion of its in-China technology and services platform as well as its global portfolio of partner universities, according to a statement.

Commenting on the investment, Alex Zhang, Partner at Redpoint China Ventures, said,

“The digitization of higher education is a direction we are optimistic about and Beacon shows strong market demand and growth potential. We are honored to work with the Beacon Education team.”

At Beacon’s core is a cloud-based technology suite optimized for educators and students worldwide that personalizes recruitment, teaching, learning, and growth through deep engagement and analytics.

About the Author

Author: Stephen Soulunii

No more a student, but love to learn. Not a teacher, but care about how students are taught. Not an educator, but want everyone to be educated. Not a social worker, but desire to see change. Not a reformer, but always want to see a better world. The author believes that only sound education can bring a better future, better world and technology can help achieve a lot in this field.