Taiwan-Based Hahow Raises US$10 Million In Series B Funding

Since its founding in 2015, Hahow, the largest online learning platform in Taiwan, has expanded from B2C to B2B and evolved into an EdTech company providing courses across diverse media formats, PR Newswire reported.

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The company has recently completed a US$10 million Series B funding round, which was led by UMC Capital, a fully-owned subsidiary of United Microelectronics Corporation (UMC) and the National Development Fund.

According to Hahow co-founder Arnold Chiang, the US$10 million raised in this round will mainly be used to integrate new forms of media into Hahow's course offerings and enhance its one-stop digital learning services.

The company is looking to further tap the US$1.4 billion market for smart learning in Taiwan, with a vision to become the Netflix of the education industry.

The pandemic has accelerated the rise of the EdTech industry, which has become one of the key sectors of focus worldwide. Ranked among Taiwan's top 50 and Asia's top 150 most innovative and promising EdTech companies by leading EdTech market research firm HolonIQ, Hahow is known for its widely popular B2C online courses.

On top of that, over the past two years, as part of its efforts to gain more traction in the online education market, the company has expanded into B2B with Hahow for Business. Six years into its operation, Hahow's revenue has grown at an impressive 300% year over year, reaching a new record of over US$13.4 million in 2021.

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