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Zuoyebang lands $1.6B for online education

China-based online learning app announced that it has raised $1.6 billion in a Series E+ funding round, bringing total known investment to date to around $2.9 billion.

Backers in the round include , , , and . The latest investment follows a $750 million fundraise in June. The funding comes as online education remains a red-hot sector for venture investment.

Founded in 2014, Beijing-based Zuoyebang focuses on online courses and homework help for kindergarten through 12th grade students and claims around 170 million monthly active users.

Other news

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