Why Zuoyebang can get the favor of venture capitalists

Jan 04, 2021 ZuoYeBang

 

As 2020 comes to an end, the competition in the K-12 online education field continues to rage on.

On Dec. 28, Baidu-backed online tutoring startup Zuoyebang announced that it completed more than $1.6 billion in Series E+ financing. In June, the company raised $750 million in a financing round led by investment firms FountainVest and Tiger Global. 

Investors in this round, including Alibaba, Tiger Global Management, SoftBank's Vision Fund 1, Sequoia Capital China and FountainVest Partners. Taihecap  continues to serve as the exclusive financial advisor.

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