Chinese startup ChaseFuture has just closed $400,000 in its seed financing. The company's platform assists international students on university admission processes, according to TechCrunch.
Banyan Partners and Harbor Pacific Capital were the lead investors in the round. Artesian Capital Management, AngelVest, William Bao Bean of SingTel Innov8, Ron Cao of Lightspeed, Joshua Motta of CloudFare, and other educational tech angels also participated in the funding, the report detailed.
ChaseFuture chief executive officer (CEO) Greg Nance said: "Over the last eight months, we've just made a ton of progress in terms of our brand and establishing ourselves as a leading provider in the space."
The Shanghai-based startup will use the new capital to beef up its sales and tech teams. It will also begin tapping into the Indian, Egyptian and Turkish markets. In addition, Arabic-language versions of their video files will be developed, the report stated.
Established more than a year ago, ChaseFuture offers products that assist students in constructing admission essays, selecting schools, and building resumes. The platform uses online messaging and video tutorials to connect admission experts to university applicants. As of now, ChaseFuture has 1,000 paying customers who pay between $300 and $5,000 every year, TechCrunch reported.
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