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English-language tutoring platform DaDa closes US$255M series D round

DaDaABC.com, now known as DaDa, received US$255 million in a series D funding round led by global private equity firm Warburg Pincus LLC, DealStreetAsia reported, citing Chinese media outlet Jiemian.

The funding round also saw participation from existing backers TAL Education and Yonghua Capital.

Shanghai-based DaDa uses an artificial intelligence-enabled online portal to offer English language tutorial services to K-12 children aged 4 to 16, according to DealStreetAsia.