Academia.edu $23 million Series D funding round
Davis Polk advised Tencent on its participation as the lead investor in the $23 million Series D funding round of Academia.edu. True Ventures and Greyrock Investments also participated in the funding round.
Academia is the academic world's platform for sharing academic research papers. Academia has grown to 175 million users and has indexed over 32 million papers since the 1600s. Every month, 28 million academics, professionals and students read, share and get cited in papers accessed on Academia. With the new funding, the company aims to expand into allowing academics to be peer-reviewed and published in journals hosted on the Academia platform.
The Davis Polk corporate team included partner Miranda So, counsel – registered foreign lawyer Xi Shi and registered foreign lawyer Beiming Liu. All members of the Davis Polk team are based in the Hong Kong office.