Yunfeng Capital Leads $100M Series C Round In Vipkid


Yunfeng Capital, Sequoia Capital and other existing investors have invested US$100 million in a series C round of financing in children education platform Vipkid.

Founded in 2013, Vipkid provides one-on-one video teaching sessions for Chinese children between 5 to 12 years old with language teachers based in North America.

"The rapid spread of broadband in China has made it possible to bring one-to-one English and broader curriculum learning directly to families throughout the country at an affordable price level," says company CEO Cindy Mi, in a statement.

The company received angel investment from Innovation Works in 2013, and completed US$5 million series A from Matrix, Innovation Works and Sequoia Capital in 2014.

In 2015, it completed US$20 million series B round led by Northern Light Venture Capital, with participation from existing investors.

Vipkid claims to have over 3,000 North American teachers and half million students on their platform, according to its website.

China Money Network Subscription
 

RELATED NEWS