Funding round
Zuoyebang Series D
Zuoyebang, which works in online education services in Guangzhou, raised $350M in a Series D round announced on 18 Jul 2018, led by Coatue. 10 firms took part. It is Zuoyebang's fourth venture round on record; the one before was a Series C in Aug 2017.
$350M
Amount raised
Not disclosed
Post-money valuation
10
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 C. It is 19% of the $1.83B Zuoyebang has raised in the venture rounds on record. Zuoyebang raised again 3 months later: a Bridge round of $500M in Oct 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 14 Aug 2017, led by HCapital $150M
- Series D this round 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
Coatue led the round with 9 other firms.
Lead investor
- Coatue backs 229 venture-backed companies new investor
Also in the round
- Goldman Sachs backs 218 venture-backed companies new investor
- backs 20 venture-backed companies new investor
- HSG backs 118 venture-backed companies new investor
- GGV Capital new investor
- backs 14 venture-backed companies new investor
- backs 6 venture-backed companies new investor
- New Enterprise Associates backs 286 venture-backed companies new investor
- TH Capital new investor
- backs 14 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, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series D rounds in Learning, Tutoring & Courses:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| MasterClass Learning, Tutoring & Courses | 1 Sep 2018 | $80M | not disclosed | Institutional Venture Partners |
| Learning, Tutoring & Courses | 1 May 2019 | $150M | $1.00B | Alibaba Group |
| Learning, Tutoring & Courses | 26 Jun 2019 | $50M | $230M | Steadview Capital |
Sources
Where this comes from
Reported by 3 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 D round?
Zuoyebang raised $350M in its Series D round, announced in Jul 2018.
Who led Zuoyebang's Series D round?
Coatue led it, with Goldman Sachs, Primavera Capital Group, HSG, GGV Capital and Xiang He Capital and 4 more.
What was Zuoyebang's valuation at the Series D round?
It was not disclosed.
Did Zuoyebang raise again after this round?
Yes: a Bridge round in Oct 2018 of $500M.