# Xiamen Forchange Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xiamen-forchange-technology-co

- Industry: Education/Training
- Headquarters: Shenzhen, China
- Website: www.forchange.cn
- Latest round: Series B (Apr 26, 2022)
- Investors on record: 7

## About

Established in 2015 and based in Shenzhen, China, the company focus on providing technology solutions for adult education. The company's staff size is about 600 people, and in 2016 the company moved from Xiamen to Shenzhen. In 2021, the company became a strategic partner with the UNESCO Asia-Africa Center and also joined forces with universities such as SUSTech to collaborate on curriculum development. The CEO of the company, Mr. Keliang Liu was selected as one of the "2019 Forbes China 30 Under 30 Elite List", and the company has completed 4 rounds of funding as of 2022.

The products launched by the company include Panda Academy, Panda Mini-Course, Wind Change Programming, IDP Personal Development Plan, Python Smart Trading, Wind Change MTP Management Course, etc. Among them, Panda Bookstore mainly provides efficient reading courses in philosophy, art, psychology and other subjects; Panda Mini-Course is positioned as a knowledge-based learning product; Windy Programming is a Python programming teaching with automated teaching as its core. At the same time, the company has built its own content platform and cooperated with universities, where teachers can use the company's course development system to fill the content.

The company raised a series B+ funding in April 2022, this round of financing will be invested in automated teaching technology optimization, product development, and talent recruitment.

## Funding rounds

- Series B, Apr 26, 2022 — Yuecai Zhongyin Private Equity
- Series B, Dec 12, 2019 — TH EDU Capital, S&G Investment, Jiyuan Capital
- Series A, Mar 1, 2018 — Phoenix Tree Capital Partners
- Angel, Jun 2, 2016 — Legend Star, Value Capital

## Investors

- Legend Star (https://capitalatlas.ai/funds/legend-star) — Angel
- Value Capital (https://capitalatlas.ai/funds/value-capital) — Angel
- Phoenix Tree Capital Partners (https://capitalatlas.ai/funds/phoenix-tree-capital-partners) — Series A
- TH EDU Capital (https://capitalatlas.ai/funds/th-edu-capital) — Series B
- S&G Investment (https://capitalatlas.ai/funds/s-g-investment) — Series B
- Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Series B
- Yuecai Zhongyin Private Equity (https://capitalatlas.ai/funds/yuecai-zhongyin-private-equity) — Series B