Beijing’s Yuanfudao EdTech Platform Raises $2.2Billion in Funding
Yuanfudao’s platform offers live courses and provides tutoring options for students. The company, which is based in Beijing, was founded in 2012.
The funding comes as edtech–and the need for edtech–draws more attention. With the COVID-19 pandemic driving much of learning online, the space has drawn increased interest from those in the education community and investors. Yuanfudao is a major player in edtech in China, and will be an official sponsor of the Winter 2022 Olympics in Beijing.
About 3.7 million students use Yuanfudao’s regular-priced courses, according to the company, and it has teaching and research centers across China.
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