- Companies
- VIPThink
VIPThink Funding, Investors & Competitors
VIPThink has raised $215M across 2 funding rounds, most recently a $200M Series C in November 2020.
Last VIPThink funding round
$200M
Series C · Nov 2020
Cumulative funding VIPThink raised
$215M
across 2 funding rounds
Key investors in VIPThink
DCM Ventures
Sinovation Ventures
SoftBank Group
New Oriental Education
Enlight Growth Partners
VIPThink Overview
About VIPThink
VIPThink is a Beijing-based online education platform specializing in mathematics thinking training for children aged 3 to 9 through interactive multimedia games and PBL methods. The service incorporates cognitive psychology research, brain science principles, and American NCTM standards via its proprietary teaching system, including front-end toys for multiple intelligences development. VIPThink delivers courses accessible nationwide in China, previously operating as Happy Seeds.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Sectors
VIPThink Funding History
VIPThink has raised a total of $215M across 2 funding rounds.
VIPThink's first fundraising round was a $15M Series A in January 2019. The most recent completed round was a $200M Series C in November 2020.
VIPThink funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2020 | Series C | SoftBank Group (lead); Sinovation Ventures; Enlight Growth Partners; New Oriental Education; DCM Ventures | $200M | VIPThink is a Guangzhou-based Chinese edtech startup offering online math lessons to children. It raised $180 million in a Series C funding round led by SoftBank Vision Fund 2, with participation from Sinovation Ventures, Alpha Animation CEO Dongqing Cai’s family foundation, New Oriental Education, DCM, and Enlight Growth Partners. The company reported over 220 million yuan ($33.2 million) in monthly revenue at the time of the announcement. VIPThink aimed to onboard 10,000 teachers and serve one million students. Following the funding, it merged with Magic Ears, an online English learning platform for ages 4-12, to create a one-stop online learning platform for kids in China. Previously, VIPThink raised hundreds of millions of yuan in Series B in September 2019 led by New Oriental Education, and $1.5 million in Series A from DCM and Sinovation Ventures. The round positioned VIPThink alongside other Chinese edtech firms raising large sums, such as Yuanfudao ($2.2B Series G at $15.5B valuation), Zhangmen ($400M), Huohua Siwei ($150M), and Zuoyebang ($750M). |
| Jan 2019 | Series A | DCM Ventures (lead); Sinovation Ventures | $15M | VIPThink is a Guangzhou-based Chinese edtech company founded in 2016, offering online math lessons focused on mathematical thinking, concentration, and learning habits for children aged 3-8. The company transitioned to online operations in August 2018 and markets courses via e-commerce, online communities, and sales representatives. VIPThink raised $1.5 million in its Series A round in early 2019 led by DCM Ventures with participation from Sinovation Ventures. In September 2019, it completed a Series B round of hundreds of millions of yuan (multiples of RMB 100 million, roughly over $14 million USD), led by New Oriental Education with investors including DCM Ventures, Sinovation Ventures, and Ximalaya. Revenue grew from RMB 300,000 in the first month online (July/August 2018) to RMB 28 million in May 2020. No valuation, revenue near the 2019 round, ARR, EBITDA, or multiples were stated for the specified round. |
Who has invested in VIPThink?
5 investors have backed VIPThink across its funding rounds, including DCM Ventures, Sinovation Ventures, SoftBank Group, New Oriental Education and Enlight Growth Partners.
Lead investors include SoftBank Group and DCM Ventures.
VIPThink Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jan 2019 | ||
| 2 | Lead | Jan 2019 | ||
| 1 | Lead | Nov 2020 | ||
This data is available for Pro users. Sign up to see all 5 VIPThink 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 TrialVIPThink Competitors
VIPThink competitors include listed companies like Pearson, New Oriental Education, Duolingo and TAL Education, and private ones like Yuanfudao and Guild.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $1.4B | - | $17B | 11.7x | ||
| Publicly listed | $4.8B | $1.4B | $9.6B | 2.3x | ||
| Publicly listed | $4.9B | $563M | $8.9B | 0.8x | ||
| Publicly listed | $1B | $152M | $6.9B | 4.9x | ||
| Publicly listed | $3B | $700M | $6.5B | 1.2x | ||
| Private | - | - | $4.4B | - |
VIPThink Public Comps
VIPThink 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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.8B | $1.4B | 2.4x | 2.3x | 8.1x | 10.4x | |||
| $4.9B | $563M | 1.0x | 0.8x | 8.8x | 5.6x | |||
| $1B | $152M | 5.4x | 4.9x | 37.3x | 17.9x | |||
| $3B | $700M | 1.3x | 1.2x | 5.7x | 6.9x | |||
| $1.7B | $515M | 3.2x | 3.0x | 10.7x | 9.6x | |||
| $4.9B | $682M | 1.0x | 1.0x | 7.3x | - | |||
| $2B | $462M | 2.5x | 2.4x | 10.4x | 9.1x | |||
| $1.1B | $306M | 3.4x | 3.3x | 12.4x | 10.0x | |||
This data is available for Pro users. Sign up to see all VIPThink competitors and their valuation data. Start Free Trial | ||||||||
Common questions about VIPThink
| When was VIPThink founded? | VIPThink was founded in 2016. |
| Where is VIPThink headquartered? | VIPThink is headquartered in Guangzhou, China. |
| Is VIPThink publicly listed? | No, VIPThink is a private, VC-backed company. |
| How much funding has VIPThink raised? | VIPThink has raised $215M across 2 funding rounds. |
| What was VIPThink's last funding round? | VIPThink's last funding round was a $200M Series C in November 2020, led by SoftBank Group. |
| Who are VIPThink's investors? | VIPThink's investors include Sinovation Ventures, DCM Ventures, SoftBank Group, Enlight Growth Partners and New Oriental Education. |
| Which companies are comparable to VIPThink? | Companies comparable to VIPThink include Yuanfudao, Pearson, New Oriental Education, Duolingo, TAL Education and Guild. |
See companies similar to VIPThink
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




