DaDa Funding, Investors & Competitors

DaDa has raised $864M across 5 funding rounds, most recently a $255M Series D in January 2019.

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Last DaDa funding round

$255M

Series D · Jan 2019

Cumulative funding DaDa raised

$864M

across 5 funding rounds

Key investors in DaDa

  • Yonghua Capital
  • Qingsong Fund
  • TAL Education
  • Tiger Global
  • Warburg Pincus
  • Loyal VC
  • Pegasus Group
  • Dragonrise Capital

DaDa Overview

About DaDa

DaDa is an online English learning platform providing one-on-one tutoring for children aged 5 to 16. Shanghai-based and founded in 2013, it serves students from China, Hong Kong, Taiwan, South Korea, Japan, France, and Germany. Awards include Sina's Five-Star Golden Foreign Teacher and Tencent's Most Credible Children's English Brand.


Founded

2013

HQ

ChinaShanghai

Status

Privately held

Customer focus

B2C

Revenue model

Subscription

DaDa Funding History

DaDa has raised a total of $864M across 5 funding rounds.

DaDa's first fundraising round was a $800K angel round in September 2014. The most recent completed round was a $255M Series D in January 2019.

DaDa funding rounds

DaDa funding rounds
DateStageInvestorsRaisedDeal Summary
Jan 2019Series DWarburg Pincus (lead); Loyal VC; TAL Education; Yonghua Capital$255MDaDa is a China-based K-12 online English language tutoring service. Warburg Pincus led a US$255-million Series D investment round announced around January 16, 2019, with participation from existing investors TAL Education Company and Yonghua Capital.
Jan 2018Series CTAL Education (lead); Tiger Global (lead)$100MDada (formerly DadaABC) is a China-based online education platform founded in 2013 that teaches English to children aged four to 16 using native English speakers. The company has partnered with the American TESOL Institute and tailors courses to existing curricula. In January 2018, Dada raised $100 million in a Series C funding round led by Tiger Global and joined by TAL Education, a major Chinese education company that had identified the platform as a strategic investment opportunity.
Apr 2016Series BYonghua Capital (lead)$500MDaDa, an online tutoring platform originally founded in 2013 as DadaABC, provides English language courses to children aged 4-16 using native speakers and partners with the American Tesol Institute. It raised $255 million in a Series D round led by Warburg Pincus, with participation from TAL Education (returning investor) and Yonghua Capital, as reported by DealStreetAsia citing Chinese media Jiemian. Yonghua Capital is listed among top VC funds in China with investments in over 140 companies, including DaDa English (likely referring to DaDa), as well as 1 to 1 head, squirrel AI, and others, noting strong returns on educational projects.
Aug 2015Series ADragonrise Capital (lead); Pegasus Group; Qingsong Fund$8MDaDa (formerly DaDaABC) is a China-based online English education platform founded in 2013 that provides one-on-one tutoring for children aged 4 to 16 using native English speakers. The company has partnerships with institutions like the American TESOL Institute and focuses on interactive learning methods. Dragonrise Capital led DaDa's Series A round in 2015, with co-investors including Qingsong Fund and Feima Fund; the specific valuation and amount raised in this round were not publicly disclosed. DaDa went on to raise significantly larger rounds in subsequent years, including $100 million in Series C funding from Tiger Global Fund and TAL Education Group, and a $255 million Series D led by Warburg Pincus with participation from TAL Education, signaling strong investor confidence in the online education sector in China.
Sep 2014AngelQingsong Fund (lead)$800K-

Who has invested in DaDa?

8 investors have backed DaDa across its funding rounds, including Yonghua Capital, Qingsong Fund, TAL Education, Tiger Global, Warburg Pincus and Loyal VC.

Lead investors include Warburg Pincus, TAL Education, Tiger Global, Yonghua Capital, Dragonrise Capital and 1 other investor.


DaDa Investors

Investors in DaDa by funding rounds participated
InvestorHQRoundsRoleFirst check
Qingsong FundChinaShenzhen2LeadSep 2014
TAL EducationChinaBeijing2LeadJan 2018
Yonghua CapitalChinaShanghai2LeadApr 2016
Loyal VCCanadaToronto1ParticipantJan 2019
Pegasus GroupChinaChangshan1ParticipantAug 2015
Dragonrise CapitalChinaShanghai1LeadAug 2015

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Investments by DaDa

DaDa has invested in 1 company to date.

Latest investment by DaDa was on April 24th 2015. DaDa invested in 4w MarketPlace in their $2M Strategic investment round.


Latest Investments by DaDa

4w MarketPlace
Description
4w MarketPlace is a Milan-based digital advertising network dominating the Italian market with access to 12,000 publishers and 500 premium sites reaching 70 percent of the online audience. The platform delivers over 7 billion monthly impressions through native, video, and display formats optimized for desktop, tablet, and mobile. Operating since 2009, it exclusively manages ad spaces for Premium Publisher Network, a consortium of RCS MediaGroup and La Repubblica-L'Espresso. 4w MarketPlace employs proprietary ad tech for programmatic buying and real-time bidding.
HQ CountryItaly
HQ City
-
Deal Date24 Apr 2015
RoundStrategic investment
Raised$2M
Investors-
Valuationundisclosed
EV/Revenue
EV/EBITDA

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DaDa Competitors

DaDa competitors include listed companies like Pearson, New Oriental Education, Duolingo and TAL Education, and private ones like Yuanfudao and Guild.

Public and private companies comparable to DaDa
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
YuanfudaoChinaBeijingPrivate$1.4B-$17B11.7x
PearsonUnited KingdomUnited KingdomPublicly listed$4.8B$1.4B$9.6B2.3x
New Oriental EducationChinaChinaPublicly listed$4.9B$563M$8.9B0.8x
DuolingoUnited StatesUnited StatesPublicly listed$1B$152M$6.9B4.9x
TAL EducationChinaChinaPublicly listed$3B$700M$6.5B1.2x
GuildUnited StatesDenver, COPrivate--$4.4B-

DaDa Public Comps

DaDa is still privately-owned, but its public comps include Pearson, New Oriental Education, Duolingo, TAL Education, Laureate Education, Graham Holdings, Covista, Grand Canyon Education, Fibra Educa and Stride.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Pearson$4.8B$1.4B2.4x2.3x8.1x10.4x
New Oriental Education$4.9B$563M1.0x0.8x8.8x5.6x
Duolingo$1B$152M5.4x4.9x37.3x17.9x
TAL Education$3B$700M1.3x1.2x5.7x6.9x
Laureate Education$1.7B$515M3.2x3.0x10.7x9.6x
Graham Holdings$4.9B$682M1.0x1.0x7.3x-
Covista$2B$462M2.5x2.4x10.4x9.1x
Grand Canyon Education$1.1B$306M3.4x3.3x12.4x10.0x

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Common questions about DaDa

When was DaDa founded?DaDa was founded in 2013.
Where is DaDa headquartered?DaDa is headquartered in Shanghai, China.
Is DaDa publicly listed?No, DaDa is a private, VC-backed company.
How much funding has DaDa raised?DaDa has raised $864M across 5 funding rounds.
What was DaDa's last funding round?DaDa's last funding round was a $255M Series D in January 2019, led by Warburg Pincus.
Who are DaDa's investors?DaDa's investors include Qingsong Fund, TAL Education, Yonghua Capital, Loyal VC, Pegasus Group, Dragonrise Capital, Warburg Pincus and Tiger Global.
Which companies are comparable to DaDa?Companies comparable to DaDa include Yuanfudao, Pearson, New Oriental Education, Duolingo, TAL Education and Guild.
How many companies has DaDa invested in?DaDa has invested in 1 company, including 4w MarketPlace.
What was DaDa's last investment?In April 2015, DaDa invested in 4w MarketPlace's $2M strategic investment round.

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