Xiaoe Tech Revenue, Valuation, Funding & Investors

Xiaoe Tech is valued at $145M as of December 2019.

Last Xiaoe Tech valuation

$145M

Strategic investment · Dec 2019

Last Xiaoe Tech funding round

$16M

Series D · Jan 2024

Xiaoe Tech revenue

$76M

Series B · Jan 2019

Key investors in Xiaoe Tech

  • Qiming Venture Partners
  • TAL Education
  • IDG Capital
  • Hillhouse Investment
  • GGV Capital

Xiaoe Tech Overview

About Xiaoe Tech

Xiaoe Tech is a SaaS provider for the education sector in China. Its offerings include knowledge payment platforms, new education tools, enterprise training systems, PaaS cloud services, content distribution, business academies, and conference software. The company serves content creators, training institutions, and enterprises with integrated solutions for teaching, operations, and monetization.


Founded

2015

HQ

ChinaShenzhen

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$76M (Jan 2019)

Valuation

$145M (Dec 2019)

Xiaoe Tech Valuation

Xiaoe Tech is currently valued at $145M, based on its strategic investment round in December 2019.

The $14M round was led by TAL Education.

Xiaoe Tech's valuation has moved from $145M at its Series B in January 2019 to $145M in December 2019, across 2 priced rounds.

Xiaoe Tech valuation by funding round

Revenue multiple
Xiaoe Tech valuation by funding round
DateStageValuationRevenue Multiple
Dec 2019Strategic investment$145M-
Jan 2019Series B$145M1.9x

Xiaoe Tech Revenue

Xiaoe Tech's latest recorded revenue is $76M, as of its Series B in January 2019. At a $145M valuation, that implies a 1.9x revenue multiple.

Xiaoe Tech revenue by funding round

Xiaoe Tech revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jan 2019$76M$145M1.9xSeries B

* 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.

Xiaoe Tech Funding History

Xiaoe Tech has raised a total of $165M across 4 funding rounds.

Xiaoe Tech's first fundraising round was a $15M Series B in January 2019. The most recent completed round was a $16M Series D in January 2024.

Xiaoe Tech funding rounds

Xiaoe Tech funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2024Series DQiming Venture Partners$16M--
Jun 2021Series DIDG Capital (lead); Qiming Venture Partners; Hillhouse Investment; GGV Capital$120M-Xiaoe Tech raised $120M in a Series D funding round on June 15, 2021, from investors including IDG Capital, GGV Capital, Hillhouse Capital Management, and Qiming Venture Partners, marking its latest round as part of total funding of $138.82M across 4 rounds with 7 investors overall.
Dec 2019Strategic investmentTAL Education (lead)$14M$145MXiaoe-tech is a Chinese education service provider focused on software-as-a-service (SaaS), offering a platform that creates a service ecosystem for education companies, including functions like lesson scheduling, content distribution, payment processing, and student admission. On December 22, 2019, Xiaoe-tech raised 100 million yuan ($14.3 million) in a funding round led by TAL Education Group. The round moved the company's post-money valuation to over 1 billion yuan (more than $140-143 million). Funds are allocated for product research and development and market expansion. At the time, Xiaoe-tech had accumulated over 680,000 registered users and helped its clients achieve total revenue of 5.5 billion yuan.
Jan 2019Series BTAL Education (lead)$15M$145MXiaoe-tech is a Chinese education service provider focused on software-as-a-service (SaaS), creating a service ecosystem for education companies with tools for lesson scheduling, content distribution, payment, and student admission. In December 2019, it raised 100 million yuan ($14.3 million) in a funding round led by TAL Education Group to support product research and development as well as market expansion. The round was expected to value the company at over 1 billion yuan. At the time, Xiaoe-tech had accumulated over 680,000 registered users and helped its clients achieve total revenue of 5.5 billion yuan.

Who has invested in Xiaoe Tech?

5 investors have backed Xiaoe Tech across its funding rounds, including Qiming Venture Partners, TAL Education, IDG Capital, Hillhouse Investment and GGV Capital.

Lead investors include IDG Capital and TAL Education.


Xiaoe Tech Investors

Investors in Xiaoe Tech by funding rounds participated
InvestorHQRoundsRoleFirst check
Qiming Venture PartnersChinaShanghai2ParticipantJun 2021
TAL EducationChinaBeijing2LeadJan 2019
IDG CapitalChinaBeijing1LeadJun 2021

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Xiaoe Tech Competitors

Xiaoe Tech competitors include listed companies like Qibu and Skillsoft, and private ones like Leverage Edu, Seekho, Ekeguan.com and Cakap.

Public and private companies comparable to Xiaoe Tech
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Leverage EduIndiaNew DelhiPrivate$11M-$150M13.6x
SeekhoIndiaBangalorePrivate$15M-$130M8.7x
Ekeguan.comChinaBeijingPrivate--$120M-
CakapIndonesiaJakartaPrivate--$100M-
QibuChinaChinaPublicly listed$24M($16M)$307M-
SkillsoftUnited StatesUnited StatesPublicly listed$513M$32M$58M1.3x

Xiaoe Tech Public Comps

Xiaoe Tech is still privately-owned, but its public comps include RM plc, ReadyTech, Goodheart-Willcox, I-Scream Media, Fenbi, Chegg, Nerdy, 51 Talk, 3P Learning and iHuman.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
RM plc$218M$17M1.1x1.1x14.4x10.1x
ReadyTech$89M$20M1.7x1.7x7.8x5.9x
Goodheart-Willcox$24M-6.9x---
I-Scream Media$143M$48M0.6x0.7x1.6x-
Fenbi$399M$38M----
Chegg$377M($30M)0.2x0.2x(2.1x)1.5x
Nerdy$179M($54M)0.4x0.4x(1.2x)(9.2x)
51 Talk$96M($16M)0.3x0.3x(2.0x)-

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Common questions about Xiaoe Tech

When was Xiaoe Tech founded?Xiaoe Tech was founded in 2015.
Where is Xiaoe Tech headquartered?Xiaoe Tech is headquartered in Shenzhen, China.
Is Xiaoe Tech publicly listed?No, Xiaoe Tech is a private, VC-backed company.
What is Xiaoe Tech's valuation?Xiaoe Tech was last valued at $145M in its strategic investment round in December 2019.
How much funding has Xiaoe Tech raised?Xiaoe Tech has raised $165M across 4 funding rounds.
What was Xiaoe Tech's last funding round?Xiaoe Tech's last funding round was a $16M Series D in January 2024.
Who are Xiaoe Tech's investors?Xiaoe Tech's investors include Qiming Venture Partners, TAL Education, IDG Capital, Hillhouse Investment and GGV Capital.
What is Xiaoe Tech's revenue?Xiaoe Tech's latest recorded revenue is $76M (January 2019).
What is Xiaoe Tech's revenue multiple?Xiaoe Tech's latest valuation implies a 1.9x revenue multiple ($145M valuation on $76M of revenue).
Which companies are comparable to Xiaoe Tech?Companies comparable to Xiaoe Tech include Leverage Edu, Seekho, Ekeguan.com, Cakap, Qibu and Skillsoft.

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