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VIPKID

VIPKID

Founded in 2013 and formally launched in 2014, VIPKid has become China’s market-leading online education startup, attracting investment from Tencent, Coatue Management, Sequoia Capital, Sinovation Ventures, Yunfeng Capital, Matrix Partners, Learn Capital, Northern Light VC, and Bryant Stibel, among others. The VIPKid platform currently connects over 600,000 paying students with over 70,000 teachers in the US and Canada.

OVERVIEW

Category
Headquarter
Beijing,China
Founded Time
Oct. 1, 2013
Founder
Cindy Mi (米雯娟)
Latest Funding
Series E
Company Size
more than 10000
Also Known As
VIPKID
Legal Name
Beijing Dami Technology Co., Ltd
Name (Chinese)
VIPKID
Legal Name (Chinese)
北京大米科技有限公司
Email Address
teachvip@vipkid.com.cn
Phone Number
010-63590615
Read More

FUNDING

Number of Funding Rounds 9
Total Funding Amount USD 825.50M
Announcement Date Funding Round Funding Raised Lead Investor(s)
Oct. 8, 2019 Series E 0.00 Tencent
Jun. 21, 2018 Series D+ 500.00M Coatue Management, Sequoia Capital China, Tencent Holdings, YF Capital (Yunfeng Capital),Matrix Partners,Sinovation Ventures,Northern Light Venture Capital
Aug. 23, 2017 Series D 200.00M Sequoia Capital China, Tencent Holdings,Sequoia Capital China,Sinovation Ventures,YF Capital (Yunfeng Capital),Matrix Partners China,ZTwo Capital
Aug. 23, 2016 Strategic Investment 0.00 Bryant Stibel Investments
Aug. 3, 2016 Series C 100.00M YF capital,Sequoia Capital China,zhen fund,Learn Capital,Bryant Stibel Investments
Apr. 12, 2016 Series B 0.00 zhen fund
Oct. 12, 2015 Series B 20.00M Northern Light Venture Capital,Sequoia Capital China, Sinovation Ventures,Matrix Partners China
Oct. 12, 2014 Series A 5.00M Sequoia Capital China,Matrix Partners China,Sinovation Ventures
Jan. 8, 2014 Angel Round 500.00K Sinovation Ventures,cyber agent ventures
Announcement Date

Oct. 8, 2019

Funding Round

Series E

Funding Raised

0.00

Lead Investor(s)

Tencent

Announcement Date

Jun. 21, 2018

Funding Round

Series D+

Funding Raised

500.00M

Lead Investor(s)

Coatue Management, Sequoia Capital China, Tencent Holdings, YF Capital (Yunfeng Capital),Matrix Partners,Sinovation Ventures,Northern Light Venture Capital

Announcement Date

Aug. 23, 2017

Funding Round

Series D

Funding Raised

200.00M

Lead Investor(s)

Sequoia Capital China, Tencent Holdings,Sequoia Capital China,Sinovation Ventures,YF Capital (Yunfeng Capital),Matrix Partners China,ZTwo Capital

Announcement Date

Aug. 23, 2016

Funding Round

Strategic Investment

Funding Raised

0.00

Lead Investor(s)

Bryant Stibel Investments

Announcement Date

Aug. 3, 2016

Funding Round

Series C

Funding Raised

100.00M

Lead Investor(s)

YF capital,Sequoia Capital China,zhen fund,Learn Capital,Bryant Stibel Investments

Announcement Date

Apr. 12, 2016

Funding Round

Series B

Funding Raised

0.00

Lead Investor(s)

zhen fund

Announcement Date

Oct. 12, 2015

Funding Round

Series B

Funding Raised

20.00M

Lead Investor(s)

Northern Light Venture Capital,Sequoia Capital China, Sinovation Ventures,Matrix Partners China

Announcement Date

Oct. 12, 2014

Funding Round

Series A

Funding Raised

5.00M

Lead Investor(s)

Sequoia Capital China,Matrix Partners China,Sinovation Ventures

Announcement Date

Jan. 8, 2014

Funding Round

Angel Round

Funding Raised

500.00K

Lead Investor(s)

Sinovation Ventures,cyber agent ventures

UPDATES

VIPKid Raises Further Financing from Tencent, Despite Reports of Setbacks
China’s online English teaching unicorn officially announced that it has completed E round of financing with Tencent leading the investment.

China’s online English teaching unicorn officially announced that it has completed E round of financing with Tencent leading the investment.

Will Online Replace Traditional Offline Education?
Online education in China has taken a turn from the year 2010 when online learning and online communities first became common. 

Online education in China has taken a turn from the year 2010 when online learning and online communities first became common. 

Rumors Prove False as Tencent Plans to Invest Millions in VIPKid
Recently it was reported by multiple media channles that Tencent had dropped USD 150 million investment plan on Chinese edtech unicorn VIPKid turns out these were just rumors and the investment will go ahead.

Recently it was reported by multiple media channles that Tencent had dropped USD 150 million investment plan on Chinese edtech unicorn VIPKid turns out these were just rumors and the investment will go ahead.

The World Talks About the Era of AI+Education at WAIC 2019
Education Technology and Artificial Intelligence forum organized by EO Company was held under the The World Artificial Intelligence Conference in Shanghai.

Education Technology and Artificial Intelligence forum organized by EO Company was held under the The World Artificial Intelligence Conference in Shanghai.

Edtech Squeezes its Way into the Unicorn Club
EqualOcean has sorted out the list of "The Global Unicorn Club" released by CB Insights, and compiled 382 unicorn companies from July 2010 to July 31, 2019, consisting of around 20 industries

EqualOcean has sorted out the list of "The Global Unicorn Club" released by CB Insights, and compiled 382 unicorn companies from July 2010 to July 31, 2019, consisting of around 20 industries

Former TESOL Chairman Joins VIPKID as Chief Academic Officer
Another important and innovative move of VIPKID's team adjustment. Will online education be more academic this time?

Another important and innovative move of VIPKID's team adjustment. Will online education be more academic this time?

Decryption of VIPKID’s Expansion Logic
After six years of expansion in China, VIPKID, a leading English-teaching online platform, is planning to go overseas.

After six years of expansion in China, VIPKID, a leading English-teaching online platform, is planning to go overseas.

READ MORE

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