Funding to Chinese education-technology companies spiked 400% in 2014, and is on pace to double that figure in 2015.

China’s education-technology industry has heated up over the past five quarters, with 2014 seeing multi-year highs for investment activity. Ed-tech companies based in China raised $321M in equity investments across 26 deals last year. This is up over 400% in funding terms, and 18% in deals year-over-year.

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Almost halfway through 2015, that trend doesn’t look to slow, as ed-tech companies have raised $317M in just under two quarters, only $4M shy of 2014′s full-year total. The funding has been anchored by multiple $50M+ rounds, including 17zuoye’s $100M Series D from Digital Sky Technologies, H Capital, and others.

China Ed Tech Investments

 

The majority of the top ed-tech financings since 2014 have occurred in the last 3 quarters, including 4 of the top 5 largest deals in the space. Q1’15 saw multiple large financings which valued Chinese ed-tech companies at $100M+, including 17Zuoye’s $100M Series D, which valued the company at a whopping $600M, NetDragon Education’s $52.5M Series A, ($477.5M valuation), Yuantiku’s $60M Series D ($360M valuation), and Genshuixue’s $50M Series A ($250M valuation).

See below for the top 10 ed-tech financings in China since 2014.

 

Top Chinese Ed Tech Financings Since 2014

Company Round Select Investors
TutorGroup $100M
(Growth Equity // Q1’14)
Alibaba Group, QiMing Venture Partners, Temasek Holdings
17zuoye $100M
(Series D // Q1’15)
Digital Sky Technologies, H Capital, Shunwei Fund, Temasek Holdings
Yuantiku $60M
(Series D // Q1’15)
China Media Capital, IDG Capital Partners, Matrix Partners China, New Horizon Capital
Dasheng $55M
(Series C // Q4’14)
Doll Capital Management, Sequoia Capital China, Shunwei Fund
NetDragon Education $52.5M
(Series A // Q1’15)
Alpha Animation & Culture, IDG Capital Partners, Vertex Venture Holdings
Genshuixue $50M
(Series A // Q1’15)
Banyan Capital, GP Capital, QF Capital
Xingshuai Teach $30M
(Series B // Q3’14)
Legend Capital, Northern Light Venture Capital
Xiaozhan Jiaoyu $29M
(Series B // Q1’15)
GGV Capital, Shunwei Fund
JiKe Academy $22M
(Series B // Q3’14)
BlueRun Ventures, SIG Asia Investments
17zuoye $20M
(Series C // Q1’14)
Digital Sky Technologies, H Capital, Shunwei Fund, Tiger Management Corp

 

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