Kindergarten communication system provider Zhang Tong Jia Yuan ZTJY has raised $100 million in Series D funding. Centurium Capital, a fund set up by Li Hui, the ex-APAC president of Warburg Pincus, led the round.
Proceeds will be used to develop ZTJY's platform and to increase message efficiency. The startup will also help to build a training platform for kindergarten principals.
ZTJY was founded in 2011 as a video surveillance company. It launched its kindergarten surveillance app three years later. The app allows parents to access video surveillance in the kindergarten, and to communicate with teachers directly.
Chinese parents...
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