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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.
| 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 |
China’s online English teaching unicorn officially announced that it has completed E round of financing with Tencent leading the investment.
Online education in China has taken a turn from the year 2010 when online learning and online communities first became common.
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.
Education Technology and Artificial Intelligence forum organized by EO Company was held under the The World Artificial Intelligence Conference in Shanghai.
China, with the largest education market in the world, has led education VC investment growth over the past five years
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
Another important and innovative move of VIPKID's team adjustment. Will online education be more academic this time?
After six years of expansion in China, VIPKID, a leading English-teaching online platform, is planning to go overseas.
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