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- Squirrel Ai Learning
Squirrel Ai Learning Valuation, Funding & Investors
Squirrel Ai Learning is valued at $1B as of September 2018.
Last Squirrel Ai Learning valuation
$1B
Undisclosed stage · Sep 2018
Last Squirrel Ai Learning funding round
$146M
Undisclosed stage · Sep 2018
Cumulative funding Squirrel Ai Learning raised
$190M
across 4 funding rounds
Key investors in Squirrel Ai Learning
SIG China (SIG Asia Investments)
NGP Capital
Tiantu Capital
Qingsong Fund
TAL Education
CASH Capital
About Squirrel Ai Learning
Squirrel Ai Learning is a Shanghai-headquartered K-12 edtech provider that delivers AI-adaptive tutoring in math, Chinese, English, physics, and chemistry. Founded in 2014, it serves over 24 million registered students through 2,000 distributors in China. The platform uses a Large Adaptive Model on smart tablets, partnering with Carnegie Mellon University, Chinese Academy of Sciences, and Stanford Research Institute for research labs established between 2017 and 2020.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Valuation
$1B (Sep 2018)
Sectors
Squirrel Ai Learning Valuation
Squirrel Ai Learning is currently valued at $1B, based on its undisclosed-stage round in September 2018.
The $146M round included China-ASEAN etst Investment Cooperation Fund, NGP Capital, SIG China (SIG Asia Investments) and Tiantu Capital.
Squirrel Ai Learning's valuation has grown 6.4x from $157M at its angel round in June 2017 to $1B in September 2018, across 2 priced rounds.
Squirrel Ai Learning valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2018 | Undisclosed stage | $1B |
| Jun 2017 | Angel | $157M |
Squirrel Ai Learning Funding History
Squirrel Ai Learning has raised a total of $190M across 4 funding rounds.
Squirrel Ai Learning's first fundraising round was a $5M seed round in January 2015. The most recent completed round was a $146M undisclosed-stage round in September 2018.
Squirrel Ai Learning funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2018 | Undisclosed stage | China-ASEAN etst Investment Cooperation Fund; NGP Capital; SIG China (SIG Asia Investments); Tiantu Capital | $146M | $1B | Squirrel AI Learning is a China-based artificial intelligence-powered adaptive learning platform that provides after-school tutoring services through learning centers. The company developed proprietary technology that breaks educational knowledge points into super-nano-scale pieces—for example, splitting a single rational number into 20 distinct knowledge points—with accuracy exceeding 90% and reported improvements in test and learning efficiency of 5-10 times compared to traditional methods. By 2018, the company had expanded to over 2,000 learning centers across 300+ cities in China and had registered nearly 2 million students. In September 2018, Squirrel AI Learning closed a Series C1 funding round of $145 million at a valuation exceeding $1 billion USD, securing investment from Susquehanna International Group (SIG), NGP Capital, Citic Securities, and Tiantu Capital, achieving unicorn status approximately three years after its 2015 seed round. The company had previously raised $4.5 million in its 2015 seed round and $39.7 million in 2017, demonstrating strong investor confidence and consistent capital attraction in the competitive online education sector. |
| Jun 2017 | Angel | SIG; Nokia Venture Partners | $22M | $157M | Squirrel AI Learning is an AI-powered adaptive learning software provider founded in 2014 that offers after-school tutoring services in China. The company uses artificial intelligence and knowledge graphs to identify gaps in student learning and deliver personalized education, claiming students can achieve equivalent results with 20% of typical homework and practice. By 2021, the company had expanded from consumer to B2B services, partnering with over 60,000 primary and secondary schools and 4,000 education and training institutions, serving more than 10 million students quarterly. In 2017, Squirrel AI closed a $39.7 million funding round that included investors such as SIG, NGP Capital, Cash Capital, and Greenwoods Asset. The company subsequently raised $145 million in September 2018 at a valuation of at least $1 billion, achieving unicorn status. In October 2021, Squirrel AI completed a Series C-II round bringing cumulative funding to $128.4 million across eight rounds. |
| Mar 2017 | Angel | CASH Capital; NGP Capital; Greenwoods Asset Management; SIG China (SIG Asia Investments); New Oriental Education | $17M | - | Squirrel AI Learning, a Chinese AI-powered adaptive learning company founded by Derek Haoyang Li, secured funding from CASH Capital, Greenwoods Asset Management, New Oriental Education & Technology Group, NGP Capital, and SIG in November 2017 (not March 2017). Later funding milestones show that the company achieved unicorn status by at least September 2018, when it raised $145 million at a valuation of at least $1 billion. |
| Jan 2015 | Seed | Minhong Yu; Qingsong Fund; TAL Education | $5M | - | Squirrel AI Learning raised $4.5 million in a seed round in 2015 backed by Qingsong Fund, ZH Magnetic System, and private investor Minhong Yu. The company, founded in 2014 by Derek Haoyang Li, specializes in AI-powered adaptive learning software for after-school tutoring services. |
Who has invested in Squirrel Ai Learning?
12 investors have backed Squirrel Ai Learning across its funding rounds, including SIG China (SIG Asia Investments), NGP Capital, Tiantu Capital, Qingsong Fund, TAL Education and CASH Capital.
Squirrel Ai Learning Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Mar 2017 | ||
| 2 | Participant | Mar 2017 | ||
| 1 | Participant | Sep 2018 | ||
| 1 | Participant | Mar 2017 | ||
| 1 | Participant | Jan 2015 | ||
| 1 | Participant | Jun 2017 | ||
| 1 | Participant | Jan 2015 | ||
| 1 | Participant | Jan 2015 | ||
| 1 | Participant | Jun 2017 | ||
| 1 | Participant | Mar 2017 | ||
This data is available for Pro users. Sign up to see all 12 Squirrel Ai Learning investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments by Squirrel Ai Learning
Squirrel Ai Learning has invested in 1 company to date.
Latest investment by Squirrel Ai Learning was on August 9th 2018. Squirrel Ai Learning invested in Yiqu in their $2M Seed round.
Latest Investments by Squirrel Ai Learning
| Description | Yiqu is a China-based service provider offering end-to-end customized channel development for business owners. Services encompass project packaging, PPT creation, budget allocation, customer training, market analysis, structure design, channel building, contract negotiation, and payment handling. |
| HQ Country | |
| HQ City | Shanghai |
| Deal Date | 9 Aug 2018 |
| Round | Seed |
| Raised | $2M |
| Investors | The Founder |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Squirrel Ai Learning investments and their VC round multiples. Start Free Trial | |
Squirrel Ai Learning Competitors
Squirrel Ai Learning competitors include listed companies like Coursera and Youdao, and private ones like Knowbox, Ruangguru, Matific and Spark Education Group.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $830M | - | ||
| Private | - | - | $800M | - | ||
| Publicly listed | $758M | ($49M) | $1.4B | 0.3x | ||
| Private | $217M | - | $1.5B | 6.9x | ||
| Publicly listed | $881M | $29M | $1.7B | 2.0x |
Squirrel Ai Learning Public Comps
Squirrel Ai Learning is still privately-owned, but its public comps include AcadeMedia, HUMANSOFT Holding, Emirates Mobility Company, Phoenix Education, Cogna Educação, Taaleem Holdings, Universal Technical Institute, Lincoln Educational Services, Afya and Stadio Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2B | $444M | 1.2x | 1.1x | 5.5x | 5.3x | |||
| $252M | $134M | 3.4x | 3.5x | 6.4x | 7.4x | |||
| $210M | $116M | 4.2x | 4.2x | 7.6x | 8.6x | |||
| $1B | $194M | 0.8x | 0.8x | 4.1x | 3.2x | |||
| $1.4B | $455M | 1.4x | 1.3x | 4.3x | 4.2x | |||
| $295M | $84M | 4.4x | 3.6x | 15.4x | 14.3x | |||
| $836M | $141M | 1.6x | 1.5x | 9.5x | 13.1x | |||
| $518M | $49M | 1.9x | 1.7x | 20.4x | 13.3x | |||
This data is available for Pro users. Sign up to see all Squirrel Ai Learning competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Squirrel Ai Learning
| When was Squirrel Ai Learning founded? | Squirrel Ai Learning was founded in 2014. |
| Where is Squirrel Ai Learning headquartered? | Squirrel Ai Learning is headquartered in Shanghai, China. |
| Is Squirrel Ai Learning publicly listed? | No, Squirrel Ai Learning is a private, VC-backed company. |
| What is Squirrel Ai Learning's valuation? | Squirrel Ai Learning was last valued at $1B in its undisclosed-stage round in September 2018. |
| How much funding has Squirrel Ai Learning raised? | Squirrel Ai Learning has raised $190M across 4 funding rounds. |
| What was Squirrel Ai Learning's last funding round? | Squirrel Ai Learning's last funding round was a $146M undisclosed-stage round in September 2018. |
| Who are Squirrel Ai Learning's investors? | Squirrel Ai Learning's investors include NGP Capital, SIG China (SIG Asia Investments), China-ASEAN etst Investment Cooperation Fund, CASH Capital, Minhong Yu, SIG, Qingsong Fund, TAL Education, Nokia Venture Partners, Greenwoods Asset Management and 2 others. |
| Which companies are comparable to Squirrel Ai Learning? | Companies comparable to Squirrel Ai Learning include Knowbox, Ruangguru, Matific, Coursera, Spark Education Group and Youdao. |
| How many companies has Squirrel Ai Learning invested in? | Squirrel Ai Learning has invested in 1 company, including Yiqu. |
| What was Squirrel Ai Learning's last investment? | In August 2018, Squirrel Ai Learning invested in Yiqu's $2M seed round alongside The Founder. |
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