​VIPKID Raises $100M Series C Round for Online Lessons With Native...


​VIPKID Raises $100M Series C Round for Online Lessons With Native English Speakers

Aug 8, 2016

VIPKID, a platform for Chinese students learning English, has raised a $100 million Series C round from Yunfeng Capital, Sequoia Capital and other investors whose identities are as yet undisclosed, TechCrunch reports. Focusing on aspiring English speakers ages five to 12, VIPKID facilitates one-on-one lessons with native English speakers via webcam. The company has raised $125 million thus far; its most recent round was a $20 million Series B in October 2015.

VIPKID claims to have 500,000 learners and 3,000 teachers registered on its platform, numbers which the company says have been growing 1000 percent year-over-year. TechCrunch reports that the company will use the funding to bring more users and teachers to the platform.

“The rapid spread of broadband in China has made it possible to bring one-to-one English and broader curriculum learning directly to families throughout the country at an affordable price level,” said Cindy Mi, founder and CEO of VIPKID, in a statement to TechCrunch.

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