Funding round
Zuoyebang Series C
Zuoyebang, which works in online education services in Guangzhou, raised $150M in a Series C round announced on 14 Aug 2017, led by HCapital. 7 firms took part. It is Zuoyebang's third venture round on record; the one before was a Series B in Sep 2016.
$150M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Zuoyebang did not disclose a valuation in this round. It came 11 months after Zuoyebang's Series B. It is 8.2% of the $1.83B Zuoyebang has raised in the venture rounds on record. Zuoyebang raised again 11 months later: a Series D round of $350M in Jul 2018.
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 this round 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
HCapital led the round with 6 other firms.
Lead investor
- backs 4 venture-backed companies new investor
Also in the round
- Tiger Global backs 391 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- backs 28 venture-backed companies new investor
- GGV Capital new investor
- backs 14 venture-backed companies new investor
- backs 17 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Learning, Tutoring & Courses:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| MasterClass Learning, Tutoring & Courses | 28 Mar 2017 | $35M | not disclosed | Institutional Venture Partners |
| Learning, Tutoring & Courses | 14 Feb 2018 | $50M | not disclosed | Learn Capital |
| Learning, Tutoring & Courses | 16 Jul 2018 | $21M | not disclosed | Sequoia 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 C round?
Zuoyebang raised $150M in its Series C round, announced in Aug 2017.
Who led Zuoyebang's Series C round?
HCapital led it, with Tiger Global, Sequoia Capital, Legend Capital, GGV Capital and Xiang He Capital and 1 more.
What was Zuoyebang's valuation at the Series C round?
It was not disclosed.
Did Zuoyebang raise again after this round?
Yes: a Series D round in Jul 2018 of $350M.