Finance > Venture Deals Database > Venture Transactions Database > Monthly Deals (All) > June 2018 VC Transactions
VIPKID

Tech Company Financing Transactions

VIPKID Funding Round

VIPKID, based in Beijing, secured $500 million in investment from Coatue Management, Sequoia Capital and Tencent Holdings.

Transaction Overview

Company Name

VIPKID

Announced On

6/22/2018

Transaction Type

Venture Equity

Amount

$500,000,000

Round

Series D

Investors

Coatue Management (Lead Investor) (Philippe Laffont)

Sequoia Capital (Lead Investor)

Tencent Holdings (Lead Investor) (Lin Haifeng)

Yunfeng Capital (Lead Investor)

Proceeds Purpose

The newly raised funds will primarily be used for three purposes. The first is to enhance the student learning experience by adding more leading educational curriculum content and products such as online textbooks, and creating a seamless user experience by enhancing engineering, technology and product. The second is to provide additional tools and assistance to teachers and continued growth of the teacher community to support the increase in product offerings. The third is to leverage the latest advances in machine learning to explore and pioneer the future of learning.

Company Information

Company Status

Private & Independent

Industry

EdTech

Mailing Address

Zhongguancun Beijing
Beijing, 100080
China

Phone

(400) 005-6666

Website

www.vipkid.com.cn

Email Address

[email protected]

Overview

VIPKID is an online learning service provider that focuses on English education for pre-school and elementary school children. Our students are mostly between the ages of 5 and 8.

Profile

Social Media

Company News

Facebook

YouTube

Management Team

Title

Name

Email & Social

Chief Executive Officer

Cindy Mi

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