Funding round
Zuoyebang Bridge
Zuoyebang, which works in online education services in Guangzhou, raised $500M in a Bridge round announced on 2 Oct 2018. 1 firm took part. It is Zuoyebang's fifth venture round on record; the one before was a Series D in Jul 2018.
$500M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Zuoyebang did not disclose a valuation in this round. It came 3 months after Zuoyebang's Series D. It is 27% of the $1.83B Zuoyebang has raised in the venture rounds on record. Zuoyebang raised again 20 months later: a Series E round of $750M in Jun 2020.
Zuoyebang's funding rounds
Zuoyebang has 6 venture rounds on record. This one is highlighted.
- Series A 1 Jun 2015, led by HSG and Legend Capital $25M
- Series B 28 Sep 2016, led by GGV Capital and Xiang He Capital $60M
- Series C 14 Aug 2017, led by HCapital $150M
- Series D 18 Jul 2018, led by Coatue $350M
- Bridge this round 2 Oct 2018 $500M
- Series E 29 Jun 2020, led by FountainVest and Tiger Global $750M
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- SoftBank Vision Fund backs 234 venture-backed companies new investor
Comparable rounds
How it compares
The closest in time: Bridge rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 15 Oct 2018 | $92M | $192M | not named |
| Minerals, Earths & Ores | 13 Nov 2018 | $10M | not disclosed | Resource Capital Funds |
| Tech Companies | 24 Sep 2018 | $3.7M | not disclosed | Unicorn India Ventures |
| Pharmaceutical Products | 12 Nov 2018 | $3.0M | not disclosed | not named |
| Farms & Agriculture Production | 13 Nov 2018 | $2.0M | not disclosed | Bayer Growth Ventures and BioGenerator Ventures |
| Loans & Financing | 28 Aug 2018 | $13M | not disclosed | Xiaomi |
| CARSOME Automobile Dealers & Manufacturers | 1 Aug 2018 | $8.0M | not disclosed | Family office of Joe Hirao |
| Loans & Financing | 1 Jan 2019 | $1.8M | not disclosed | VARIV |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Zuoyebang raise in its Bridge round?
Zuoyebang raised $500M in its Bridge round, announced in Oct 2018.
Which investors took part in Zuoyebang's Bridge round?
SoftBank Vision Fund.
What was Zuoyebang's valuation at the Bridge round?
It was not disclosed.
Did Zuoyebang raise again after this round?
Yes: a Series E round in Jun 2020 of $750M.