VIPKID, founded in 2013, is dedicated to providing the North American elementary school experience to children in China between the ages of 4-13, all from the comfort of their own homes.
Headquartered in Beijing but with operations spanning the globe, the company offers fully immersive one-on-one English language instruction provided online by some of the world's most highly qualified teachers. Curriculum is aligned to U.S. Common Core State Standards and uses a flipped-classroom approach to foster creativity and critical thinking skills.
In August 2016, VIPKID closed a Series C financing round of USD 100 million, setting a record as the largest ever fundraising round for an online children’s English learning firm. Investors come from both China and the U.S. and include Sequoia Capital, Jack Ma’s Yunfeng Capital, Learn Capital, and Bryant-Stibel, as the second China investment of Kobe Bryant’s venture capital fund after Alibaba.
On October 20, 2016, VIPKID became the first children’s online learning firm to launch a major research base dedicated to studying student growth and engagement in the online learning realm. The VIPKID Education Research Institute (VERI), based in the Silicon Valley, was established in partnership with leading North American scholars, educational entrepreneurs, and thought leaders, including Learn Capital, the world’s preeminent ed. tech-focused venture capital firm.
Funding Rounds (6) - $325MUpdate
|Date||Amount / Round||Valuation||Lead Investor||Investors|
|Aug, 2017||$200M / Series D||—||4|
|Aug, 2016||$100M / Series C||—||—||5|
|Oct, 2015||$20M / Series B||—||Northern Light Venture Capital||3|
|May, 2014||$5M / Series A||—||Matrix Partners China||3|
|Dec, 2013||undisclosed amount / Seed||—||—||1|
|May, 2013||undisclosed amount / Angel||—||—||0|
|Aug 23, 2017||thestar.com.my - China’s VIPKid raises US$200mil from Tencent, Sequoia China|
|Aug 4, 2016||TechCrunch - VIPKID nabs $100M to link Chinese kids with native speakers to learn English|
|Oct 14, 2015||thetrustedinsight.com - Northern Light Venture Leads $20M Series B Round In Vipkid|
23 Doufuchi Hutong, Dongcheng District
Beijing, Beijing 100009