Matific Valuation, Funding & Investors

Ruangguru is a Jakarta-headquartered edtech company founded in 2014 offering online learning platforms, live classes, and adaptive tutoring for K-12 students across Indonesia. The platform serves over 15 million users through apps covering national curriculum subjects and exam preparation for UTBK and CPNS.

Coursera Inc is an online learning platform that connects learners, educators, and institutions with the goal of providing educational content that is affordable, accessible, and relevant. It combines content, data, and technology into a single, unified platform that is customizable and extensible to both individual learners and institutions. The company operates through two reporting segments: Consumer and Enterprise. The majority of revenue is generated from the Consumer segment. The consumer segment targets individual learners seeking to obtain hands-on learning, gain valuable job skills, receive professional-level certifications, and otherwise increase their knowledge to start or advance their careers.

Knowbox is a K12 edtech platform founded in 2014 with mobile apps for personalized homework exercises serving nearly one million daily active users in China. Teachers manage assignments efficiently, gaining time for student support. The company builds proprietary homework databases for math and other subjects.

Jiangsu Chuanzhiboke Education Technology Co Ltd provides online training courses.

Gaotu Techedu Inc is a technology-driven education company that provides online live courses in a large-class setting backed by its proprietary technology infrastructure. The company offers courses in large-class format, which amplifies the benefits of online education and allows it to rapidly expand its student base. It operates solely in the PRC and all assets are located in the PRC. The learning services that the company offers include Traditional Learning Services, Non-Academic Tutoring Services, and College Student and Adult Education Services. It derives maximum revenue from Learning Services and also from Educational content & digitalized learning products.

Codemao is an online coding education platform for children using graphical programming. Shenzhen-headquartered since 2015, it features the Programming Cat tool with gamified courses blending coding, math, and languages. Courses build logical thinking through block-based modules transitioning to text-based Python and JavaScript.

Spark Education Group provides online educational courses for children through live small-group classes and interactive digital teaching materials. The business is associated with the Huohua education brand in China and operates international programmes including Spark Math and VISPARK. Its teaching model combines instructors, animated courseware and activities designed to develop mathematical understanding and problem-solving abilities. The group reported that its brands had enrolled more than half a million students since 2018 when it announced its Vietnam joint venture in 2022. Investors identified in that announcement included KKR, Sequoia, IDG Capital, GGV Capital, TrustBridge and Carlyle. Spark develops its own technology platform and localises its programmes for individual markets.

Cuemath is a Bengaluru-headquartered online learning platform founded in 2013. It delivers math and coding programs for K-10 students through interactive worksheets, application-based technology, and certified teacher supervision. Cuemath builds foundational skills in concepts, aptitude, and reasoning for children across India and international markets.

MegaStudyEdu Co Ltd is a Korean company that operates in the education sector. The company operates online education institute, provides educational information and consulting for entrance examination, and offline school direct business.

Youdao Inc develops and markets software applications. It engages in developing technologies to provide learning content, applications, and solutions. The firm operates in three segments: Learning services, Smart devices, and Online marketing services. The majority of its revenue comes from the Learning services segment, which generates revenues from online courses, mainly including Youdao Premium Courses, NetEase Cloud Classroom, and China University MOOC. The learning products segment includes sales of smart devices such as the Youdao Dictionary Pen and the Youdao Pocket Translator. Geographically, all of its revenue is generated from the People's Republic of China.

Age of Learning is a Glendale-headquartered education technology company offering digital programs for children. Its ABCmouse Early Learning Academy provides comprehensive curricula for ages 2-8, while My Math Academy and My Reading Academy deliver adaptive math and literacy instruction. Over 50 million children worldwide have completed more than 11 billion activities on its platforms.

Outschool is an online learning marketplace linking children aged 3-18 with independent teachers for live virtual classes. San Francisco-headquartered and founded in 2015, it hosts over 140,000 classes weekly in subjects from robotics to Shakespeare across 200 countries. Teachers include certified educators and specialists delivering small-group sessions via Zoom, with parental controls for scheduling.

Stride Inc is a technology company providing an educational platform to deliver proprietary and third-party curriculum, software systems, and educational services designed to facilitate individualized learning for students and adults throughout the U.S. The platform delivers products and services to attract, enroll, educate, track progress, and support students. It provides customized solutions to public and private schools, school districts, charter boards, employers, government agencies, and consumers. Its platform addresses two markets in the K-12 space: General Education and Career Learning, with products and services for the General Education market predominantly focused on core subjects for kindergarten through twelfth grade students.

East Buy Holding Ltd is a live-streaming platform that focuses on selecting premium products for customers. The company operates in three reportable segments: Private Label Products and Livestreaming E-Commerce, College Education, and Institutional Customers. The majority of its revenue comes from private label products and the direct e-commerce segment, i.e., direct online commerce with private label products sold to individual customers and providing commission services.

I-Scream Media Co Ltd is an education company with educational content and different content production capabilities. The company's business includes the edutech platform 'Ice Cream S' utilized by elementary school teachers with differentiated and diverse contents, 'Ice Cream Remote Education Training Center', a training institute for teachers to enhance their teaching expertise, 'Ice Cream Mall', which helps teachers conveniently prepare classes and operate classes by the Korean environment, and 'Ice Cream Textbook', an elementary school textbook that combines books and digital contents.

Chegg Inc is an American educational services company. The Chegg platform provides products and services to support learners with their academic course materials, as well as their career and personal skills development. The company's service and product offerings fall into two categories: Subscription Services, which encompasses Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu offerings that can be accessed internationally through the company's websites and on mobile devices, and Skills and Other, which encompasses skills, advertising services, print textbooks, and eTextbooks offerings.

Leap is an education technology firm assisting Indian students with overseas university applications. Services encompass university shortlisting, IELTS and SAT preparation courses, financial aid planning, visa processing support, and statement of purpose evaluations. Counselors guide applicants to institutions in the United States, United Kingdom, Canada, and Australia. Leap operates from Bangalore, India, and supports thousands of students annually in securing admissions abroad.

Huike Education Group is a Beijing-headquartered education provider founded in August 2010 with branches in Silicon Valley, New York, Shanghai, Guangzhou, Chengdu, Xi'an, Wuhan, Dalian, Xiamen, Guiyang, and Nantong. It delivers O2O training in mobile internet, cloud computing, big data, IoT, internet marketing, and finance through partnerships with Peking University, Tsinghua University, Fudan University, Beihang University, IBM, AWS, Alibaba Cloud, Huawei, Baidu, and VMware. The group operates the largest pan-IT online platform, research institutes, and joint labs, training thousands of high-end talents and millions of technicians.