Chinese online education platform Zuoyebang
has completed its USD 750 million Series E round of financing led by FountainVest Partners and Tiger Global with Qatar Investment, Sequoia Capital China, Softbank Vision Fund I, Tiantu Capital, Xianghe Capital and other new and existing shareholders following. TAH Capital continues to serve as the exclusive financial advisor.
Student number of the company's regular-priced live class has grown more than 1000% times in the past two years and more than 400% in the last year. More than 1.3 million students attended its regular-priced classes in the spring term this year. The company has cumulatively provided instruction to more than 49 million students, including more than 12 million paid for the lessons.