China First Capital Group Limited (“CFCG” or the “Group”; stock code: 1269) announced today that its indirectly wholly-owned subsidiary, First Capital International Investments Holdings (“FC International Investment”), has signed an agreement with GSV Acceleration GP I, L.L.C. (“GSV”) and become a limited partner of GSV Acceleration Fund I, L.P. (“GSV Fund”).
The GSV Fund is the most recognized learning and talent technology Fund in Silicon Valley founded by the preeminent leading American education industry pioneer Deborah Quazzo. The purpose of the GSV Fund is to invest in high-growth companies focus on technologies that have potential to transform education and accelerate the realization of human capital potential. Dr. Wilson Sea, Chairman and Executive Director of CFCG is to be appointed to the strategic advisory board of GSV Fund, and Mr. Victor He, Deputy CEO of CFCG, in charge of CFCG’s international business is to be appointed to the advisory board of GSV Fund.
Deborah Quazzo and her partner Michael Moe, Senior Advisor to the GSV Fund, are the co-founders of the sector’s premier technology innovation conference, the ASU GSV Summit. The annual education investment summit held by GSV is regarded as the most high profile summit in the US education technology industry, with a strong lineup of keynote speakers, and the speakers of the 2016 summit included some of the most influential government leaders, enterprise executives, and educators in education sector, such as former US Secretary of State Condoleezza Rice, Microsoft co-founder Bill Gates, and founder of Khan Academy Sal Khan. CFCG will be the lead strategic partner to GSV and TAL Education Group (NYSE: XRS), a leading education company in China, on a global education innovation/investment summit in Beijing in 2017.
Mr. Victor He, CFCG Deputy CEO of CFCG, in charge of CFCG’s international business, said “The cooperation with GSV is of great strategic significance to CFCG in developing the US education investment market, an important move made by CFCG in accordance with its global education investment blueprint which aims to build the most influential and appealing ‘education + investment’ platform in China. The strategic partnership established by the two sides is expected to notably enhance integration of education resources of the partners as well as boost the brand influence of both parties. CFCG has thus advanced another major step forward realizing its strategic goal of ‘becoming the world's largest operation and investment & financing platform in the education industry’."