附近上门

Chinese edtech platform has landed $2.2 billion in funding, the company announced Thursday.

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Yuanfudao鈥檚 platform offers live courses and provides tutoring options for students. The company, which is based in Beijing, was founded in 2012.

The funding, split into G1 and G2 rounds, brings Yuanfudao鈥檚 valuation to $15.5 billion and will allow the company to expand its online edtech system and develop new curriculum products, according to a statement from Yuanfudao.

led the G1 funding round with participation from , 听补苍诲 . led the G2 funding round with participation from , CITICPE, , TBP, DCP, , 听补苍诲 Greenwoods.听

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鈥檚 regular-priced courses, according to the company, and it has teaching and research centers across China.听

Yuanfudao last raised a $1 billion Series G in March 2020, led by Hillhouse Capital Group and Tencent. Other investors in the company include and .听

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