Thank you for subscribing.

Please check your email to confirm.

Unsubscribe success..

You already subscribed and confirmed.

Please check your email.

You already subscribed.

Please check your email to confirm.

Sequoia Backed Children's Coding Education Firm Raises CNY 150 Million
Sequoia Backed Children's Coding Education Firm Raises CNY 150 Million
Xigua chuangke team creating coding curriculum for students. Image Credit: Xigua chuangke website.
Associated Company
EqualOcean EqualOcean

Online children's programming education firm, Xigua chuangke (西瓜创客) announced yesterday that it has raised CNY 150 million in its B round of financing. The round was led by New Oriental (新东方), SAIF Partners (赛富基金), Baicizhan (百词斩/薄荷阅读), old shareholders Sequoia Capital China (红杉资本中国), and Matrix Partners China (经纬中国), with Lighthouse capital (光源资本) as the financial advisor.

In addition, Xigua chuangke also released the "X Plan" (X计划) strategy, which focuses on the three dimensions of curriculum, technology and user service, through the continuous empowerment of curriculum development, AI dual-teacher classroom and community-based learning experience, hence empowering children to comprehensively enhance their future-oriented capabilities. 

This round of financing will also be used to further improve the LEAP curriculum system, promote learning evaluation based on “AI+ Big Data” and upgrade the teaching intelligent assistant system to build an active community.

Xigua chuangke was established in January 2017, mainly focused on online children's programming education for primary school students aged 6-12. Since its establishment, the number of users has exceeded 1 million, covering 60 countries and 483 cities.

In recent years children's programming education sector has been very hot. Even with a low capital environment, this year qiute a few programming education companies managed to raise funds over CNY 100 million, such as Codemao, XiaoMaWang, Hetao, Xigua chuangke etc. However, the current children's programming track is still in the early stages of development, there is a lack of quality teachers, lack of standardization of curriculum system and a couple of other major issues. 

Minhong Yu (俞敏洪) founder and CEO of New Oriental said, "Computer language has become a new universal skill that people must learn. Most of the children will have to deal with computers in the future. Xigua chuangke helps children learn how to program, understand and integrate technology into  their future industries." 

He further added, "We believe in the competitiveness and investment potential of Xigua chuangke's creative team, teaching product and business model."

 

Enterprise Information

EqualOcean is a leading industry tech media and an investment research company.
CATEGORIES: AI, Research
Last Funding Type
Series C
Number of Employees
200
Number of Funding Rounds
6
Total Funding Amount
26.79M

Enterprise Information

EqualOcean
EqualOcean is a leading industry tech media and an investment research company.
CATEGORIES: AI, Research
Last Funding Type
Series C
Number of Employees
200
Number of Funding Rounds
6
Total Funding Amount
26.79M

Reach the Author!

Ask the author questions about the copied text

MOST READ

THE LATEST

Any Question

EqualOcean is an international information service provider and investment research firm that aims to become a global platform for industrial innovation.

We strive to make technology inclusive, accessible and transparent.

Join over 800,000 of your peers