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pdabc.com

Founded Year

2017

Stage

Series A | Alive

Total Raised

$14.85M

Last Raised

$14.85M | 3 yrs ago

About Panda ABC

Panda ABC is an online English education platform targeted to children.

Panda ABC Headquarter Location

11th Floor, Building 7, Tianxing International Gongshu District

Hangzhou, Zhejiang ,

China

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Expert Collections containing Panda ABC

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

Panda ABC is included in 1 Expert Collection, including Education Technology (Edtech).

E

Education Technology (Edtech)

2,457 items

Latest Panda ABC News

China: Animoca joins Experimental’s round; Panda ABC raises $15m

Apr 30, 2019

April 30, 2019 Game publisher Animoca Brands said it is joining Argentina-based Experimental Group’s seed funding while online English courses provider Panda ABC has raised around $15 million from Shunwei Capital and Eastern Bell Capital. Animoca Brands invests in Experimental Group Hong Kong-based game and app developer Animoca Brands has agreed to invest in blockchain gaming studio Experimental Group’s seed funding round through a simple agreement for future equity (SAFE) transaction. Experimental’s $500,000 seed round is backed by serial entrepreneurs in the gaming industry including Sumit Gupta, Pato Jutard and Julien Turri, and Argentina’s government-backed venture capital firm YAVU, among others. Experimental launched its new game, CryptoWars, January this year. It claims to be the first fully decentralised game, processing 450,000 transactions a week. ​ ​Animoca Brands said it will work with Experimental to launch CryptoWars in Asia, and discuss additional opportunities for collaboration, including distribution of Experimental’s products. ​“We are thrilled with our third investment in an Argentinian company. Experimental is a true pioneer in blockchain gaming, with the first decentralised strategy game to run entirely on smart contracts,” commented Yat Siu, co-founder and chairman of Animoca Brands. The Hong Kong-headquartered firm is listed on the Australia Securities Exchange and has offices in Argentina, Canada and Finland. It has developed and published a portfolio of mobile products including games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes. Animoca Brands is the exclusive China distributor of CryptoKitties. Panda ABC bags $15m Series A funding from Shunwei, Eastern Bell VC Online English education firm Panda ABC has reportedly announced a 100-million yuan ($25-million) series A funding round it raised in December 2018 from Shunwei Capital and Eastern Bell Capital. According to Chinese media reports, the company’s Air Course app has attracted 200,000 registered users, half of whom are paid users, five months following its launch. Its another product, the 1v4 online North American teacher class, has clocked 5,000 paid users. The company was also said to make profits from both apps. Panda ABC offers online English courses to the 4-12 year old children segment, especially in tier 3 and 4 cities where families cannot easily afford one-to-one learning. There has been a spate of funding activity in the learning space. Most recently, Primavera led a $44.5-million investment in Onion Mathematics. Prior to that, Warburg Pincus contributed a big chunk in Gaosi Education’s $140-million Series D round . Other who recently raised capital include TAL Education and tutoring services provider Zuoyebang . Also read:

Panda ABC Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
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  • When was Panda ABC founded?

    Panda ABC was founded in 2017.

  • Where is Panda ABC's headquarters?

    Panda ABC's headquarters is located at 11th Floor, Building 7, Tianxing International, Hangzhou.

  • What is Panda ABC's latest funding round?

    Panda ABC's latest funding round is Series A.

  • How much did Panda ABC raise?

    Panda ABC raised a total of $14.85M.

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