Yuanfudao

Live online tutoring for K-12 students, plus homework-help apps and Zebra AI Class for young children. In 2025 it launched an education AI product, Xiaoyuan AI, and AI learning tablets.

Consumer & mediaOnline K-12 education (edtech)Beijing, China
FoundersSince 2012
Valuation
$16B
Total raised
$4.0B
Last round · Dec 2020
Funding round
Founded
2012
Employees
30,000
Quarters in VP50
5

Valuation

$100M$1B$10B20162017201820192020$13B
Yuanfudao priced rounds
RoundDatePost-money valuationRaisedLed by
Series DMar 30, 2015$360M$60MCMC Capital Partners and New Horizon Capital
Series EMay 31, 2017$1.0B$120MWarburg Pincus
Series FDec 2018$3.0B$300MTencent
Series GMar 31, 2020$7.8B$1.0BHillhouse Capital and Tencent
Series G2Oct 22, 2020$16B$1.0BDST Global
Series G1Oct 22, 2020$13B$1.2BTencent
Post-money valuation at each priced round. Log scale.Hover a point for the round

Updated

In VP50

  1. Q4 2023: no place
  2. Q1 2024: no place
  3. Q2 2024: no place
  4. Q3 2024: no place
  5. Q4 2024: no place
  6. Q1 2025: no place
  7. Q2 2025: no place
  8. Q3 2025: no place
  9. Q4 2025: no place
  10. Q1 2026: no place
  11. Q2 2026: no place
  12. Q3 2026: no place
  13. Q4 2026: no place

Place by quarter since Q4 2023. Best place #8, in Q4 2020.

Funding rounds

DateRound · leadRaisedValuation
Dec 24, 2020Funding round · Yunfeng Capital$300M—
Oct 22, 2020Series G2 · DST Global$1.0B$16B
Oct 22, 2020Series G1 · Tencent$1.2B$13B
Mar 31, 2020Series G · Hillhouse Capital, Tencent$1.0B$7.8B
Dec 2018Series F · Tencent$300M$3.0B
May 31, 2017Series E · Warburg Pincus$120M$1.0B
May 2016Strategic investment · Tencent$40M—
Mar 30, 2015Series D · CMC Capital Partners, New Horizon Capital$60M$360M
Jul 2014Series C$15M—
2013Series B$7M—
2012Series A · IDG$2M—

Team

Yuanfudao | Venture Place