Funding round
Zuoyebang Series B
Zuoyebang, which works in online education services in Guangzhou, raised $60M in a Series B round announced on 28 Sep 2016, led by GGV Capital and Xiang He Capital. 4 firms took part. It is Zuoyebang's second venture round on record; the one before was a Series A in Jun 2015.
$60M
Amount raised
Not disclosed
Post-money valuation
4
Investors
2 leads
Valuation
What this round says about the price
Zuoyebang did not disclose a valuation in this round. It came 15 months after Zuoyebang's Series A. It is 3.3% of the $1.83B Zuoyebang has raised in the venture rounds on record. Zuoyebang raised again 11 months later: a Series C round of $150M in Aug 2017.
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 this round 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 2 Oct 2018 $500M
- Series E 29 Jun 2020, led by FountainVest and Tiger Global $750M
Investors
Who put money in
GGV Capital and Xiang He Capital led the round with 2 other firms.
Lead investors
- GGV Capital new investor
- backs 14 venture-backed companies new investor
Also in the round
- Sequoia Capital backs 589 venture-backed companies new investor
- backs 28 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series B rounds in Learning, Tutoring & Courses:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Learning, Tutoring & Courses | 23 Jan 2017 | $15M | not disclosed | CapitalG and Alphabet |
| MasterClass Learning, Tutoring & Courses | 23 Feb 2016 | $15M | not disclosed | New Enterprise Associates |
| Learning, Tutoring & Courses | 13 Jan 2016 | $4.0M | not disclosed | Red Ventures |
| Learning, Tutoring & Courses | 14 Sep 2017 | $12M | not disclosed | Sequoia Capital India and SAIF Partners |
Sources
Where this comes from
Reported by 2 sources. 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 Series B round?
Zuoyebang raised $60M in its Series B round, announced in Sep 2016.
Who led Zuoyebang's Series B round?
GGV Capital and Xiang He Capital led it, with Sequoia Capital and Legend Capital.
What was Zuoyebang's valuation at the Series B round?
It was not disclosed.
Did Zuoyebang raise again after this round?
Yes: a Series C round in Aug 2017 of $150M.