UMU, a leading SaaS platform in the Learning-Tech field, has recently completed its Series B+ financing led by Hillhouse Capital. Prior to this, UMU just announced that it had closed a 100 million Yuan Series B financing led by Gaocheng Capital. JunHe, as the financing and permanent legal counsel, represents UMU in its Series B and Series B+ financing.
Founded in 2015, UMU has built a flexible and extensible global system with the mission of serving global users since the beginning of its establishment. It is reported that UMU enters the market with SaaS, an enterprise interactive learning platform, and quickly opens up the global market with result-oriented products and functions, innovative AI technology applications, and high-quality services. Many leading enterprises in education, medicine, finance, retail, manufacturing, professional services and other industries at home and abroad are using UMU as a learning platform for their internal and external capabilities. As of the end of 2019, more than 70 million users in more than 200 countries and regions around the world are using UMU's products and services. While focusing on business development, UMU is also committed to promoting the development and reform of education in China, and insists on the education support program for public welfare. For many years, it has provided free interactive learning platforms for public school teachers. Up to now, hundreds of thousands of schools and millions of teachers are using UMU as a teaching tool.
JunHe has participated in the entire process of Series B and Series B+ financing, including design of financing transaction structure, reorganization of the company and its controlling shareholder, review and amendment of the full set of transaction documents, and discussions, communications and negotiations with the investors in Series B and Series B+ financing. In addition, JunHe also assisted the client with entry into the contract and the closing, and has been well recognized by the client.
The leading partner of this case is WANG, Yi