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magicears.com.cn

Founded Year

2017

Stage

Acquired | Acquired

Total Raised

$25.44M

About Magic Ears

Magic Ears provides online English classes for children.On October 21st, 2020, Magic Ears was acquired by VIPThink. The terms of the transaction were not disclosed.

Magic Ears Headquarter Location

17th Floor, Building A, Winterless Center, No. 1 Xidawang Road, Chaoyang District

Beijing, Beijing,

China

+86 400-626-1626

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Expert Collections containing Magic Ears

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Magic Ears is included in 2 Expert Collections, including Baby and Kids Tech.

B

Baby and Kids Tech

1,268 items

Companies developing tech-enabled products and services that primarily serve babies, children up to approximately 12 years old, and their parents.

E

Education Technology (Edtech)

2,549 items

Latest Magic Ears News

K-12 Dealmaking: China’s MagicEars Raises $6 Million

Aug 29, 2017

Click to print (Opens in new window) In this week’s dealmaking news, MagicEars, a Beijing-based company that provides online English classes for children, raised $6 million. MagicEars wasn’t the only English language tutoring company out of China to raise funds this month: last week, VIPKID , another Chinese provider of English-language services, announced that it has raised $200 million in a Series D funding round led by Sequoia Capital , and joined by strategic investor Tencent, as well as existing stakeholders Yunfeng Capital, Matrix Partners China, and the Zhen Fund. MagicEars Raises $6 Million: MagicEars , a provider of online English group classes for children, raised $6 million in funding from ZhenEdu Fund and Beijing-based online tutoring company Yuanfudao . The company will invest the funds in teaching, researching, and upgrading the product, according to a press release from the company. “The demand of online English learning for children has been very clear, and the market size is scaling up,” said Jiang Min, vice president of ZhenEdu Fund. “From the past development of offline after-school tutoring services companies such as TAL Education Group, small group classes are one of the most effective for young learners. Therefore, MagicEars’ small group class model has a strong competitive advantage.” Join the Conversation Visit Education Week’s  K-12 Technology Leaders Group on LinkedIn and share your thoughts about the most pressing ed-tech issues facing school districts. And check out EdWeek Market Brief , a service that provides companies doing business with schools with news, analysis, and original data on the needs and priorities of K-12 systems. In June, Yuanfudao raised $120 million in a round led by private equity firm Warburg Pincus, with participation from Tencent Holdings, China’s biggest social network and a previous backer of Yuanfudao. As a result, the company became a “unicorn,” or startup with a valuation of more than $1 billion, according to reports at the time. Sumdog Raises $1.8 Million: Sumdog , an Edinburgh-based ed-tech firm, has raised $1.8 million in funding from Nesta Impact Investments and the Scottish Investment Bank , according to press reports . The company said it plans to use the funds for and recruitment efforts and international growth to bolster its U.S. presence with senior appointments to its New York office, according to reports . Sumdog offers an online platform designed to help students practice mathematics, reading and writing. StrongMind Partners With Assessment Technology: StrongMind , a digital curriculum and technology solution provider for secondary schools, is partnering with Assessment Technology Incorporated (ATI) to deliver ATI’s online assessments as part of the StrongMind digital curriculum solution, StrongMind said in a statement . Starting during the 2017-18 school year, StrongMind courses will include Galileo Online end-of-course and diagnostic assessments to provide StrongMind Certified Schools with diagnostic, growth, and proficiency data. Be sure to check back on Marketplace K-12 for updates on mergers, acquisitions, fundraising, and other dealmaking.

  • When was Magic Ears founded?

    Magic Ears was founded in 2017.

  • Where is Magic Ears's headquarters?

    Magic Ears's headquarters is located at 17th Floor, Building A, Winterless Center, No. 1 Xidawang Road, Chaoyang District, Beijing.

  • What is Magic Ears's latest funding round?

    Magic Ears's latest funding round is Acquired.

  • How much did Magic Ears raise?

    Magic Ears raised a total of $25.44M.

  • Who are the investors of Magic Ears?

    Investors of Magic Ears include VIPThink, ZhenFund, Hillhouse Capital Management and Yuanfudao.

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