Zhangmen Valuation, Funding & Investors

Spark Education Group is a Shanghai-headquartered online learning provider established in 2018 that offers live small-group classes in math and Chinese language for K-12 students. The portfolio includes VISPARK with curricula aligned to Singapore Math and Common Core, Huohua Siwei for Chinese subjects, Allschool as a tutor marketplace, and ClassPod for interactive sessions. Spark Education Group serves over 100 countries through its platforms backed by investors such as KKR and Sequoia China.

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.

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.

Alef Education Holding Plc is an EdTech company that designs impactful learning experiences for students customized to different curriculums. The company operates in three segments: The Education solution segment, which provides customers the right of access to the Group’s learning platform. The Support and services segment includes ancillary services such as IT infrastructure setup and maintenance support and services, and the Financial investments segment pertains to the maintenance of the investment portfolio for returns based on market dynamics. The majority of its revenue is generated from the Education solution segment.

Domestika is a Barcelona-headquartered online learning platform offering professionally produced courses in illustration, design, craft, photography, and animation. The company produces all content in-house with curated expert instructors, serving millions of students worldwide through its community-driven ecosystem. Domestika expanded from a creative professionals forum into a global marketplace for skill-building courses available in multiple languages.

Multiverse is a workforce upskilling platform specializing in apprenticeships for AI, data, cloud engineering, and software development roles. It serves over 1,500 partner organizations across the United States and United Kingdom, including enterprises like Microsoft, Salesforce, and Barclays. London-headquartered since its 2016 founding, Multiverse delivers degree-level programs that blend online learning with on-the-job training for workers at any career stage. Participants have generated more than $2 billion in return on investment for employers by boosting productivity in tech adoption projects. The platform expanded into Ireland in 2023 and supports scalable hiring through its Multiverse Academy.

UpGrad is a Mumbai-headquartered online higher education platform partnering with universities like IIIT-B and Liverpool John Moores for degrees and certifications. It offers programs in data science, machine learning, cyber security, and management, serving over 1 million learners across India with mentorship and placement support since 2015.

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.

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.

Vedantu is a Bengaluru-based edtech platform offering live interactive classes, personalized tutoring, and test preparation for JEE, NEET, and school curricula in science, mathematics, coding, and English. Founded in 2014, it serves students from grades 1 to 12 via its app and website, supplemented by offline centers in cities like Delhi and Hyderabad for intensive exam coaching. Vedantu partners with schools for hybrid learning programs and has expanded into international markets including the Middle East.

COL Global Co Ltd is a digital cultural content industry group in China. Its core businesses include digital content production, copyright distribution, IP derivatives, and intellectual property protection.

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.

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.

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.

Eruditus Executive Education is a Singapore-headquartered platform partnering with universities such as MIT, Columbia, Harvard, Cambridge, INSEAD, Wharton, UC Berkeley, NUS, and HKUST to deliver online and blended executive programs. Founded in 2010, it has offices in six countries and offers courses in multiple languages including Spanish, Portuguese, and Mandarin to participants from over 80 countries.

Matific is a Sydney-headquartered edtech company offering an adaptive math learning platform for students aged 4 to 15 in over 100 countries. The platform delivers modular, spiral curriculum through interactive episodes on tablets and computers, aligned with curricula in the United States, United Kingdom, Australia, and others. Matific has earned awards from CODiE, EdTech Digest, and Academics' Choice, integrating with classroom tools like Google Classroom.

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.