Geekbang Secures Over $15M in Round-B+ Financing Led by Oriental Fortune Capital
Apr 19, 2022
Geekbang, a “knowledge-as-a-service” (KaaS) learning platform that promotes the development of technical talent, has announced its completion of 100 million yuan ($15.7 million) in a B+ round of financing. The investment was led by Oriental Fortune Capital, followed by Cybernaut Venture Capital and an investment institution, while Index Capital acted as exclusive financial adviser. The funds will mainly be used for content development, technology R&D and brand building. Since its launch in 2007, Geekbang has served individual users and corporate customers in many Chinese mainland cities, as well as Hong Kong, Macao, Taiwan, and the Silicon Valley in the U.S. It has built “InfoQ,” an online global software development knowledge and innovation community, held well-known technology summits QCon and ArchSummit for many years, initiated and established TGO Kunpeng Club, independently developed a “Geek Time” app for technology learning, and an enterprise-level one-stop technology learning platform. Chen Liwei, a partner of OFC, said: “With the deepening of IT technology transformation and digital transformation, enterprises are increasing investment in skill, and the technical talent market will see continuous growth. By positioning users’ needs through models and evaluations, matching customized course content and process management, the technical talent learning platform can realize the loop of post portrait-training-performance-talent development, and can effectively help users realize digitalization and intelligence in the process of upgrading vocational skills. This is an important direction of technical talent training development. “
Digital transformation with the help of technology has become the consensus of enterprises seeking development. According to a survey conducted by research institution IDC, 67% of the top 1,000 enterprises in the world and 76% of the top 1,000 enterprises in China regard digital transformation as the strategic key. In the process of promoting digital transformation, enterprises often find that a shortage of technical talent represents one of the most urgent problems.