Funding round
Zuoyebang Series E
Zuoyebang, which works in online education services in Guangzhou, raised $750M in a Series E round announced on 29 Jun 2020, led by FountainVest and Tiger Global. 7 firms took part. It is Zuoyebang's sixth venture round on record; the one before was a Bridge in Oct 2018.
$750M
Amount raised
Not disclosed
Post-money valuation
7
Investors
2 leads
Valuation
What this round says about the price
Zuoyebang did not disclose a valuation in this round. It came 20 months after Zuoyebang's Bridge. It is 41% of the $1.83B Zuoyebang has raised in the venture rounds on record. No later venture round is on record for Zuoyebang.
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 2 Oct 2018 $500M
- Series E this round 29 Jun 2020, led by FountainVest and Tiger Global $750M
Investors
Who put money in
FountainVest and Tiger Global led the round with 5 other firms.
Lead investors
- backs 4 venture-backed companies new investor
- Tiger Global backs 391 venture-backed companies new investor
Also in the round
- Qatar Investment Authority backs 71 venture-backed companies new investor
- HSG backs 118 venture-backed companies new investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
- backs 6 venture-backed companies 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 product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Series E rounds in Learning, Tutoring & Courses:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| MasterClass Learning, Tutoring & Courses | 20 May 2020 | $100M | $800M | Fidelity Management & Research Company and Fidelity |
| Learning, Tutoring & Courses | 26 Aug 2020 | $150M | not disclosed | KKR |
| Learning, Tutoring & Courses | 20 Feb 2020 | $110M | $500M | Facebook and General Atlantic |
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 E round?
Zuoyebang raised $750M in its Series E round, announced in Jun 2020.
Who led Zuoyebang's Series E round?
FountainVest and Tiger Global led it, with Qatar Investment Authority, HSG, SoftBank Vision Fund, Tiantu Capital and Xiang He Capital.
What was Zuoyebang's valuation at the Series E round?
It was not disclosed.