Yuanfudao
Developer of an online educational platform designed to provide online tutoring services for Chinese students.
Educational Software
📍 Beijing, China
Founded 2012
Current Valuation
$16B
as of 2020-Q4
DECACORN
Yuanfudao was China's most valuable edtech company, serving hundreds of millions of K-12 users through online tutoring, its Yuantiku question bank and the Xiaoyuan homework-scanning app. In July 2021 Beijing's "double reduction" policy banned for-profit tutoring of school curriculum subjects, eliminating the business model behind the valuation; global investors subsequently tried to claw capital back from the sector. The company has since pivoted into non-academic training, smart learning devices and unrelated consumer ventures. The $15.5B figure is the October 2020 round mark and has never been re-tested by a later financing.
Company Profile
Growth
Raised $2.2B at $15.5B in October 2020 — then the world's most valuable edtech company, with ~$4.04B raised in total — before the July 2021 Chinese tutoring crackdown erased the market it served. No subsequent round has repriced the company.
Last Round
Later Stage VC — $300M (Dec 2020)
Fundraising Status
Later Stage VC · $300M · 5y 8mo ago
privateTotal raised $4.0B
Latest Funding Round
| Round | Amount | Date | Lead Investor | Post-Money |
|---|
| Later Stage VC | $300M | Dec 2020 | — | $16B |
Investors
Tencent · DST Global · Hillhouse Capital · IDG Capital · Temasek · Matrix Partners China · GIC · Tiger Global
Products
- K-12 online tutoring (historical)
- Yuantiku question bank
- Xiaoyuan Souti (homework-scanning app)
- Non-academic training, smart learning devices and consumer ventures (post-2021 pivot)
Competitors
Zuoyebang · TAL Education · New Oriental · Gaotu Techedu
E-LearningEdTechTutoring
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2020-Q4. Refreshed quarterly.