Meishubao Revenue, Valuation, Funding & Investors

Meishubao is valued at $600M as of December 2020, a 3.5x multiple on its last reported $170M revenue.

Last Meishubao valuation

$600M

Series D · Dec 2020

Last Meishubao funding round

$40M

Series D · Feb 2021

Meishubao revenue

$170M

Series D · Dec 2020

Key investors in Meishubao

  • BHG Long Hills Capital
  • Tencent
  • Shunwei Capital
  • Welight Capital
  • Chuangzhi Capital
  • SAIF Partners

Meishubao Overview

About Meishubao

Meishubao is a Shanghai-headquartered developer and operator of an online art education platform. The company integrates digital technologies into aesthetic teaching for K-12 students and adults, offering courses in drawing, painting, design, and calligraphy. Through its global platform at global.meishubao.com, Meishubao serves users in China and overseas with interactive tools, virtual classrooms, and certified instructors.


Founded

2014

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Revenue

$170M (Dec 2020)

Valuation

$600M (Dec 2020)

Meishubao Valuation

Meishubao is currently valued at $600M, based on its Series D in December 2020.

The $210M round was led by The Rise Fund, with participation from SAIF Partners, Fortune Capital, Winsdom Capital, Bojia Capital and Chuangzhi Capital.

Meishubao valuation by funding round

Meishubao valuation by funding round
DateStageValuationRevenue Multiple
Dec 2020Series D$600M3.5x

Meishubao Revenue

Meishubao's latest recorded revenue is $170M, as of its Series D in December 2020. At a $600M valuation, that implies a 3.5x revenue multiple.

Meishubao revenue by funding round

Meishubao revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Dec 2020$170M$600M3.5xSeries D

* 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.

Meishubao Funding History

Meishubao has raised a total of $360M across 7 funding rounds.

Meishubao's first fundraising round was a $5M Series A in April 2015. The most recent completed round was a $40M Series D in February 2021.

Meishubao funding rounds

Meishubao funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2021Series DFocustar Capital; Hongtai Capital Holdings$40M-Meishubao is a Beijing-based online arts education platform founded in 2014, providing interactive art tuition for children, teenagers, and adults through a mix of online and offline courses, focusing on talent-based competency education. The company has raised significant funding across multiple rounds, totaling over $305 million or RMB 2 billion by late 2020, with key investors including Tencent, Bojia Capital, The Rise Fund (TPG), Fortune Capital, Winsdom Capital, SAIF Partners, and Chuangzhi Capital. Its Series D round in December 2020 raised $210 million led by The Rise Fund, marking the largest single round in China's talent-based education sector, with proceeds allocated to curriculum design, market expansion, product upgrades, branding, and OMO (online-merge-offline) exploration. Prior rounds included a $40 million Series C+ in July 2020 led by Tencent and a $40 million Series C1 in June 2019 also involving Tencent and Hony Capital. Meishubao reported monthly revenue exceeding 200 million (CNY) around the Series D period, indicating strong traction in the online education market amid pandemic-driven demand. The company operates in a competitive landscape with players like Guangzhou Liuyi Information Technology and has backing from notable figures like Xiaomi co-founder Lei Jun. Total funding reached approximately $375 million across nine rounds by some estimates, reflecting investor confidence despite regulatory pressures in China's education sector.
Dec 2020Series DThe Rise Fund (lead); SAIF Partners; Fortune Capital; Winsdom Capital; Bojia Capital; Chuangzhi Capital$210M$600MMeishubao is a Beijing-based online art education platform founded in 2014, positioning itself as one of China's largest live art tutoring platforms in a market valued at over $12 billion. The company operates a differentiated model where students receive stands and camera reflectors to facilitate high-quality live art classes, creating a defensible competitive position through superior teacher supply, pricing strategy, and class size optimization. In December 2020, Meishubao completed a Series D funding round led by The Rise Fund, with participation from Bojia Capital, Chuangzhi Capital, Fortune Capital, SAIF Partners, and Winsdom Capital. The company had raised over $125 million cumulatively across nine funding rounds by that point, with a reported valuation of approximately $600 million. As of June 2020, the company was generating annualized revenue of $170 million, demonstrating significant traction in the competitive live tutoring space. Facing rising customer acquisition costs in competitive markets, Meishubao launched Bear Art, an AI-powered tutoring product with no teacher costs, lower CAC (around $400 average order value), and improved unit economics while expanding its addressable market.
Jul 2020Series CTencent (lead); Shunwei Capital; Chuangzhi Capital; BHG Long Hills Capital; Bojia Ventures$40M-Meishubao is a Chinese online art education platform founded in 2014, initially connecting high school art students with training institutions and offering online courses, critiques, and college information. It later expanded to children's art education through Meishubao 1to1, providing one-to-one courses for ages 4-12, with plans for one-to-many classes and AR animation. The company also developed management software for art centers and launched AI-assisted drawing courses in 2020 leveraging AR/VR trends. In July 2020, Meishubao raised $40 million in a Series C+ round led by Tencent, with participation from Shunwei Capital, Bluerun Ventures (Bojia Ventures), BHG Long Hills Capital, and Chuangzhi Capital. This brought total funding to about $80 million (or 800 million yuan) across five rounds since 2015. Proceeds were allocated to product upgrades, curriculum development, online education scenarios, and team expansion amid the COVID-19-driven online learning boom. At the time, Meishubao reported over 200,000 active paying users, nearly 10 million users across 94 countries, a faculty of 20,000 art teachers, and monthly revenue exceeding RMB 100 million (about $14 million). Its free teaching videos garnered over 700 million plays during the outbreak. The funding occurred as investors poured capital into online education, with peers like VIPKid and Yuanfudao also raising large rounds. Meishubao differentiated in niche art tutoring beyond ESL, capitalizing on pandemic shifts while building customized courses and tech integrations.
Jun 2019Series CTencent (lead); BlueRun Ventures; Welight Capital; Hony Capital; BHG Long Hills Capital$40M-Meishubao is a China-based online art education platform offering courses in painting, drawing, and aesthetics using technologies like augmented and virtual reality, targeting children aged 4-12, high school art students, amateur artists, and art training centers. Founded in 2014, it started with an online community for art college entrance exam prep, expanded to management software for training centers in 2017, and launched one-on-one courses in 2018, small-class courses in 2019, and AI-assisted courses in 2020. In June 2019, Meishubao raised $40 million in a Series C1 round led by Tencent, with participation from BlueRun Ventures, BHG Long Hills Capital, Hony Capital, Welight Capital, and SZ Capital. This matched the investors and lead specified, confirming the target round, which was followed by a $40 million Series C2 (or C+) round in July 2020 also led by Tencent with additional investors like Bojia Capital, Shunwei Capital, and Chuangzhi Capital. By July 2020, the company had over 200,000 paying users, monthly revenue exceeding RMB 100 million (about USD 14 million), and free teaching videos played over 700 million times. Meishubao continued fundraising with a $210 million Series D in December 2020 led by TPG's Rise Fund, alongside Chinese investors like Fortune Capital, Winsdom Capital, SAIF Partners, Bojia Capital, and Chuangzhi Capital, bringing total funding to about 2 billion yuan ($306 million) across seven rounds. Earlier backing included BHG Long Hills Capital leading a $15 million Series B+ in late 2018, and others like Mulberry Capital, Sealand Innovation, High Ground Capital, and Boya Capital Partners. The platform benefits from China's online education boom, particularly amid COVID-19, positioning it beyond ESL tutoring in a market where peers like Yuanfudao raised $1 billion in 2020. Tencent expressed long-term support for Meishubao's innovation in quality art education.
Oct 2018Series BBHG Long Hills Capital (lead); Welight Capital$15M-Meishubao is a Hangzhou-headquartered online education platform specializing in art and drawing instruction for children aged 4–12 and high school students. The company launched in 2014 with an online community for aspiring art majors, expanded into management software for training centers in 2017, and rolled out customized one-on-one courses in 2018. By 2020, Meishubao had grown to over 200,000 paying users with monthly revenue exceeding RMB 100 million (USD 14 million). The company's teaching videos accumulated over 700 million plays during the COVID-19 period. In June 2019, Meishubao closed a USD 40 million Series C+ round led by Tencent, with participation from Shunwei Capital, BlueRun Ventures, BHG Long Hills Capital Management, Chuangzhi Capital, and Bojia Capital.
Jan 2016Series BHolly Capital; Guohai Innovative CCI Capital; High Ground Capital$10M--
Apr 2015Series AShunwei Capital$5M-Meishubao is an online art education platform owned by Beijing Yiqi Network Technology. The company has raised funding across multiple rounds, including a $40 million C1 round led by Tencent and a $210 million Series D round. Total funding raised across seven rounds reached approximately $306 million.

Who has invested in Meishubao?

18 investors have backed Meishubao across its funding rounds, including BHG Long Hills Capital, Tencent, Shunwei Capital, Welight Capital, Chuangzhi Capital and SAIF Partners.

Lead investors include The Rise Fund, Tencent and BHG Long Hills Capital.


Meishubao Investors

Investors in Meishubao by funding rounds participated
InvestorHQRoundsRoleFirst check
BHG Long Hills CapitalChinaBeijing3LeadOct 2018
Shunwei CapitalChinaBeijing2ParticipantApr 2015
TencentChinaShenzhen2LeadJun 2019
Welight CapitalChinaShenzhen2ParticipantOct 2018
Chuangzhi CapitalChinaFuzhou2ParticipantJul 2020
SAIF PartnersHong KongHong Kong1ParticipantDec 2020
Fortune CapitalUnited StatesMiami, FL1ParticipantDec 2020
Focustar CapitalChinaShanghai1ParticipantFeb 2021
Winsdom CapitalUnited StatesNew York City, NY1ParticipantDec 2020
Hongtai Capital HoldingsChinaChina1ParticipantFeb 2021
BlueRun VenturesUnited StatesSan Francisco, CA1ParticipantJun 2019
Holly CapitalChinaBeijing1ParticipantJan 2016
Bojia CapitalChinaBeijing1ParticipantDec 2020

This data is available for Pro users. Sign up to see all 18 Meishubao 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 Trial

Meishubao Competitors

Meishubao competitors include listed companies like Jiangsu Chuanzhiboke and Gaotu Techedu, and private ones like Codemao, Matific, Ruangguru and Cuemath.

Public and private companies comparable to Meishubao
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Jiangsu ChuanzhibokeChinaChinaPublicly listed$57M($7M)$540M6.3x
Gaotu TecheduChinaChinaPublicly listed$917M($38M)$503M0.2x
CodemaoChinaShenzhenPrivate$17M-$495M-
MatificAustraliaSydneyPrivate--$800M-
RuangguruIndonesiaJakartaPrivate--$830M-
CuemathIndiaBangalorePrivate$10M-$407M40.7x

Meishubao Public Comps

Meishubao is still privately-owned, but its public comps include Docebo, Scholastic, China Education, Jiangsu Chuanzhiboke, Gaotu Techedu, YDUQS, Stadio Holdings, Ataa Educational, Vitru Educação and Lincoln Educational Services.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Docebo$243M$26M2.6x2.4x24.8x12.3x
Scholastic$1.6B$180M0.6x0.6x5.0x6.1x
China Education$1.1B$342M1.6x1.6x5.1x3.1x
Jiangsu Chuanzhiboke$57M($7M)8.9x6.3x(67.8x)-
Gaotu Techedu$917M($38M)0.2x0.2x(4.3x)(33.7x)
YDUQS$1.1B$310M1.3x1.2x4.3x3.7x
Stadio Holdings$113M$34M6.4x5.8x21.3x19.2x
Ataa Educational$176M$65M4.4x4.2x11.8x11.4x

This data is available for Pro users. Sign up to see all Meishubao competitors and their valuation data.

Start Free Trial

Common questions about Meishubao

When was Meishubao founded?Meishubao was founded in 2014.
Where is Meishubao headquartered?Meishubao is headquartered in Beijing, China.
Is Meishubao publicly listed?No, Meishubao is a private, VC-backed company.
What is Meishubao's valuation?Meishubao was last valued at $600M in its Series D in December 2020.
How much funding has Meishubao raised?Meishubao has raised $360M across 7 funding rounds.
What was Meishubao's last funding round?Meishubao's last funding round was a $40M Series D in February 2021.
Who are Meishubao's investors?Meishubao's investors include BHG Long Hills Capital, Shunwei Capital, Tencent, Welight Capital, Chuangzhi Capital, SAIF Partners, Fortune Capital, Focustar Capital, Winsdom Capital, Hongtai Capital Holdings and 8 others.
What is Meishubao's revenue?Meishubao's latest recorded revenue is $170M (December 2020).
What is Meishubao's revenue multiple?Meishubao's latest valuation implies a 3.5x revenue multiple ($600M valuation on $170M of revenue).
Which companies are comparable to Meishubao?Companies comparable to Meishubao include Jiangsu Chuanzhiboke, Gaotu Techedu, Codemao, Matific, Ruangguru and Cuemath.

See companies similar to Meishubao

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial