ChaseFuture, a Shanghai-based, globally-focused education startup, has secured seed funding of $400,000. The round was completed by a series of reputable names in the global VC space. They include: Florida-based Banyan Partners, California-based Harbor Pacific Capital, William Bao Bean of SingTel Innov8, and Shanghai’s AngelVest consortium. Education-oriented startups get funded all the time in China.
ChaseFuture, a Shanghai-based startup that built a platform where admissions experts and college alums can coach international students on how to get in, just raised $400,000 in a fresh seed round. Led by Banyan Partners and Harbor Pacific Capital, the round also included Artesian Capital Management and other educational technology angels including an AngelVest consortium, SingTel Innov8′s managing director William Bao Bean, Lightspeed’s managing director Ron Cao, and Joshua Motta, who oversees special projects at CloudFlare. Founded a year and a half ago, the company started in mainland China where the appetite for Western university degrees is enormous. They have basic products that help students with admissions essays, choosing schools and polishing resumes, then higher-tier packages that can cost several thousand dollars depending on how much hands-on help a client wants.