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- Gaosi Education Group
Gaosi Education Group Revenue, Valuation, Funding & Investors
Gaosi Education Group is valued at $580M as of September 2017, a 15.3x multiple on its last reported $38M revenue.
Last Gaosi Education Group valuation
$580M
Series C · Sep 2017
Last Gaosi Education Group funding round
$140M
Series D · Apr 2019
Gaosi Education Group revenue
$38M
Series C · Sep 2017
Key investors in Gaosi Education Group
Warburg Pincus
Sinovation Ventures
CICC
CMC Capital Group
Loyal Valley Capital
The Hina Group
About Gaosi Education Group
Gaosi Education Group is a Beijing-headquartered institution providing extracurricular tutoring for primary and middle school students. It operates personalized one-to-one teaching centers specializing in mathematics competitions from primary through high school levels, founded in December 2009 in Wudaokou, Haidian District.
Founded
2009
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Services
Revenue
$38M (Sep 2017)
Valuation
$580M (Sep 2017)
Sectors
Gaosi Education Group Valuation
Gaosi Education Group is currently valued at $580M, based on its Series C in September 2017.
The $84M round was led by AlphaX Partners, BOILING POINT INVESTMENT and CMC Capital Group, with participation from The Hina Group, CICC, Loyal Valley Capital and Sinovation Ventures.
Gaosi Education Group valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2017 | Series C | $580M | 15.3x |
Gaosi Education Group Revenue
Gaosi Education Group's latest recorded revenue is $38M, as of its Series C in September 2017. At a $580M valuation, that implies a 15.3x revenue multiple.
Gaosi Education Group revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2017 | $38M | $580M | 15.3x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Gaosi Education Group Funding History
Gaosi Education Group has raised a total of $287M across 3 funding rounds.
Gaosi Education Group's first fundraising round was a $63M Series B in August 2015. The most recent completed round was a $140M Series D in April 2019.
Gaosi Education Group funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2019 | Series D | Warburg Pincus (lead) | $140M | - | Gaosi Education Group, founded in 2009 and based in Beijing, initially operated extracurricular education centers for primary and middle-school students before shifting in 2014 to providing products and services to other centers, particularly in smaller cities. The company raised $140 million in a Series D round on April 18, 2019, led by Warburg Pincus, marking one of the largest financings for K12 education service providers to corporate clients in China. Prior to this, Gaosi had completed three funding rounds totaling around $180 million from investors including China International Capital Corp. and Sinovation Ventures, with the 2017 round (CNY 550 million) valuing the company at CNY 4 billion ($596 million). The new capital was earmarked primarily for product research and development, technological expenses in an 'Online Merge Offline' strategy, and building a K12 education empowerment platform driven by content and technology. Gaosi announced a strategic partnership with Tencent's cloud computing unit to advance education technologies. The company maintained around 55 centers in Beijing and committed to not expanding teaching centers outside the city, focusing instead on its service provider role. Its learning platform had established long-term cooperation with over 5,000 educational institutions across more than 1,600 counties and cities in China, serving over 12 million students. Gaosi offered test-taking strategy courses aimed at the gaokao, China's national college entrance exam, alongside support for other education enterprises and online classes. The investment reflected strong market interest in China's K12 extracurricular tutoring sector, described by Warburg Pincus as a promising field with trillion-yuan potential. Later, Gaosi rebranded to Aixuexi Education Group and raised additional funds, including a $200 million Series D2 round in 2020 led by GIC with Warburg Pincus participation, focusing on livestreamed STEM courses and smart learning technology R&D. |
| Sep 2017 | Series C | AlphaX Partners (lead); BOILING POINT INVESTMENT (lead); CMC Capital Group (lead); The Hina Group; CICC; Loyal Valley Capital; Sinovation Ventures | $84M | $580M | Gaosi Education Group, founded in 2009 and based in Beijing, initially operated extracurricular education centers for primary and middle-school students before shifting in 2014 to providing products and services to other extracurricular centers, particularly in smaller cities. The company offers test-taking strategy courses focused on China's gaokao college entrance exam, supports other education enterprises, and runs online classes. As of 2019, it still operated around 55 centers in Beijing and announced it would not expand teaching centers outside the city, instead emphasizing its service provider role. In its 2017 fundraising round, investors included AlphaX Partners, Boiling Point Investment, CICC, CMC Capital Group, Loyal Valley Capital, Sinovation Ventures, and The Hina Group, with AlphaX Partners, Boiling Point Investment, and CMC Capital Group as leads; this round valued the company at 4 billion yuan ($596 million). Prior to a later 2019 Series D round led by Warburg Pincus raising $140 million, Gaosi had completed three prior investment rounds totaling around $180 million, including the 2017 effort involving CICC and Sinovation Ventures. The 2019 funding highlighted the promise of China's K12 extracurricular tutoring market, described as having trillion-yuan potential. Gaosi planned to use later funds for product R&D, technological expenses in its 'Online Merge Offline' strategy, and AI education technologies, plus a partnership with Tencent's cloud unit. The company positioned itself to avoid direct competition with schools outside Beijing. |
| Aug 2015 | Series B | Kunwu Jiuding Inv Hldgs (lead) | $63M | - | Gaosi Education Group is a Beijing-based O2O (online-to-offline) education company. In August 2015, Chinese private equity firm JD Capital invested RMB400 million (US$63 million) in the company. |
Who has invested in Gaosi Education Group?
9 investors have backed Gaosi Education Group across its funding rounds, including Warburg Pincus, Sinovation Ventures, CICC, CMC Capital Group, Loyal Valley Capital and The Hina Group.
Lead investors include Warburg Pincus, AlphaX Partners, BOILING POINT INVESTMENT, CMC Capital Group and Kunwu Jiuding Inv Hldgs.
Gaosi Education Group Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Sep 2017 | ||
| 1 | Lead | Sep 2017 | ||
| 1 | Participant | Sep 2017 | ||
| 1 | Lead | Sep 2017 | ||
| 1 | Participant | Sep 2017 | ||
| 1 | Participant | Sep 2017 | ||
| 1 | Lead | Apr 2019 | ||
This data is available for Pro users. Sign up to see all 9 Gaosi Education Group investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialInvestments by Gaosi Education Group
Gaosi Education Group has invested in 5 companies to date.
Latest investment by Gaosi Education Group was on December 27th 2019. Gaosi Education Group invested in First Future in their $3M Series A round.
Latest Investments by Gaosi Education Group
| Description | First Future is a Beijing-based B2B platform delivering online ESL education to schools and language academies throughout China. It connects international teachers with educational institutions for live virtual classes, supporting curricula in English conversation, business English, and exam preparation. The company facilitates partnerships with primary, secondary, and adult learning centers to deliver interactive remote learning experiences. | Tengyue360.com is a Beijing-based online platform offering professional development courses for principals of private training institutions in China. The service covers modern education management, digital marketing, and regulatory compliance, serving over 10,000 users nationwide through webinars and certification programs launched in 2018. | 7Net is a Shanghai-based edtech firm providing AI-driven grading platforms for K-12 and higher education. Teachers use its tools for automated essay scoring and data visualizations of student performance across subjects like math and languages. Deployed in Chinese schools, it integrates with WeChat for parental reports. | Martian is a Shanghai-based education platform promoting STEAM learning through entertaining science programs for youth. It funds and supports robotics kits, child programming courses, and hands-on experiments. Partnerships with enterprises enable product co-development, curriculum design, textbook publishing, and dual-teacher online-offline systems. The platform hosts workshops and competitions to engage students in practical applications of physics, coding, and engineering. | |
| HQ Country | |||||
| HQ City | Beijing | Beijing | - | Beijing | |
| Deal Date | 27 Dec 2019 | 8 Apr 2019 | 16 Jul 2018 | 27 Jun 2018 | |
| Round | Series A | Series A | Series B | Series A | |
| Raised | $3M | $6M | $30M | $3M | |
| Investors | Kaiwu Capital; Harbin Yungu Venture Capital Enterprise | Beststudy; TAL Education | Shanghai SIIC Fund Management; Elex Technology; Wanrong Capital; Sinovation Ventures | - | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Gaosi Education Group investments and their VC round multiples. Start Free Trial | |||||
Gaosi Education Group Competitors
Gaosi Education Group competitors include listed companies like Jiangsu Chuanzhiboke and Scholastic, and private ones like Bitwise Industries, Brightwheel, Kaishu Jianggushi and Meishubao.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $40M | - | $600M | 15.0x | ||
| Private | - | - | $600M | - | ||
| Private | - | - | $600M | - | ||
| Private | $170M | - | $600M | 3.5x | ||
| Publicly listed | $57M | ($7M) | $540M | 6.3x | ||
| Publicly listed | $1.6B | $180M | $653M | 0.6x |
Gaosi Education Group Public Comps
Gaosi Education Group is still privately-owned, but its public comps include Jiangsu Chuanzhiboke, Scholastic, China Education, Gaotu Techedu, YDUQS, Ataa Educational, Stadio Holdings, Vitru Educação, Cruzeiro do Sul Educacional and Insource Co..
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $57M | ($7M) | 8.9x | 6.3x | (67.8x) | - | |||
| $1.6B | $180M | 0.6x | 0.6x | 5.0x | 6.1x | |||
| $1.1B | $342M | 1.6x | 1.6x | 5.1x | 3.1x | |||
| $917M | ($38M) | 0.2x | 0.2x | (4.3x) | (33.7x) | |||
| $1.1B | $310M | 1.3x | 1.2x | 4.3x | 3.7x | |||
| $176M | $65M | 4.4x | 4.2x | 11.8x | 11.4x | |||
| $113M | $34M | 6.4x | 5.8x | 21.3x | 19.2x | |||
| $439M | $169M | 1.7x | 1.6x | 4.3x | 4.2x | |||
This data is available for Pro users. Sign up to see all Gaosi Education Group competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Gaosi Education Group
| When was Gaosi Education Group founded? | Gaosi Education Group was founded in 2009. |
| Where is Gaosi Education Group headquartered? | Gaosi Education Group is headquartered in Beijing, China. |
| Is Gaosi Education Group publicly listed? | No, Gaosi Education Group is a private, VC-backed company. |
| What is Gaosi Education Group's valuation? | Gaosi Education Group was last valued at $580M in its Series C in September 2017. |
| How much funding has Gaosi Education Group raised? | Gaosi Education Group has raised $287M across 3 funding rounds. |
| What was Gaosi Education Group's last funding round? | Gaosi Education Group's last funding round was a $140M Series D in April 2019, led by Warburg Pincus. |
| Who are Gaosi Education Group's investors? | Gaosi Education Group's investors include The Hina Group, AlphaX Partners, CICC, BOILING POINT INVESTMENT, Loyal Valley Capital, Sinovation Ventures, Warburg Pincus, CMC Capital Group and Kunwu Jiuding Inv Hldgs. |
| What is Gaosi Education Group's revenue? | Gaosi Education Group's latest recorded revenue is $38M (September 2017). |
| What is Gaosi Education Group's revenue multiple? | Gaosi Education Group's latest valuation implies a 15.3x revenue multiple ($580M valuation on $38M of revenue). |
| Which companies are comparable to Gaosi Education Group? | Companies comparable to Gaosi Education Group include Bitwise Industries, Brightwheel, Kaishu Jianggushi, Meishubao, Jiangsu Chuanzhiboke and Scholastic. |
| How many companies has Gaosi Education Group invested in? | Gaosi Education Group has invested in 5 companies, including First Future, Tengyue360.com, 7Net, Martian and Hejiao. |
| What was Gaosi Education Group's last investment? | In December 2019, Gaosi Education Group invested in First Future's $3M Series A alongside Kaiwu Capital and Harbin Yungu Venture Capital Enterprise. |
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