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With a paying user base of over 1 million, Yuanfudao offers a comprehensive curriculum spanning from primary school English, Mathematical Olympiad to all-subject courses in secondary schools. Its unique online feature and a large pool of quality teachers enable students to access live online tutoring at home taught by national renowned teachers, benefiting hundreds of thousands of students across the country.
| Announcement Date | Funding Round | Funding Raised | Lead Investor(s) |
|---|---|---|---|
| Dec. 25, 2018 | Series F | 300.00M | Tencent, MatrixPartners China, Warburg Pincus, IDG Capital. |
| May. 31, 2017 | Series E | 120.00M | Warburg Pincus, Tencent |
| May. 31, 2016 | Series D+ | 40.00M | Tecent |
| Mar. 30, 2015 | Series D | 60.00M | CMC Capital Partners, New Horizon, IDG Capital, MatrixPartners China |
| Jul. 1, 2014 | Series C | 15.00M | MatrixPartners China, IDG Capital |
| Aug. 12, 2013 | Series B | 7.00M | MatrixPartners China, IDG Capital |
| Aug. 1, 2012 | Series A | 2.00M | IDG Capital |
Gaosi education is a Beijing based education service provider which has managed to raise USD 140 million dollars from Warburg Pincus.
China’s economy is growing at a very high rate and at the same time, China as a country is globalizing. Chinese parents are willing to spend more money than ever on their children as their expectations rise.
In China, there is a big culture of makes perfect. As such, school homework is a battlefield not only for Chinese children but also for their parents and teachers, who have the task of reviewing assignments
Yuanfudao responsed officially that the company has closed its one to one online education function recently and it is just normal business restructuring within the company.
The leading online education company, Yuanfudao just completed its latest series of financing, secured USD 300 million.
EqualOcean is a leading industrial tech media and investment research company that focuses on technological and industrial innovation in China.
We aim to assist Chinese entrepreneurial enterprises to break into the global market and provide overseas investors, VCs, and enterprises with a deeper understanding of China's business environment and to seize opportunities in China.
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