# Beijing Dami Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/beijing-dami-technology-co

- Industry: Education/Training
- Headquarters: Beijing, China
- Website: www.vipkid.com.cn
- Total disclosed funding: $975M
- Latest round: Series E (Sep 19, 2019)
- Investors on record: 13

## About

Founded in 2013 by Yu Feng and Miwen Juan Cindy, and based in Beijing, China, Beijing Dami Technology Co., Ltd or Beijing Rice Technology Co., Ltd d.b.a. VIPkid, operates as a provider of US-based primary schooling in China. The company hires North American Foreign teachers to teach English classes to children ages 4-15. Vipkid operates across 9 offices around the globe and has over 800,000 students and 70,000 teachers. In 2018, Vipkid established a complete K-12 education ecosystem covering all ages from 3-18 years olds. In 2019, Beijing Dami Technology Co., Ltd. raised USD 150 million in Series E funding led by returning investor Tencent.

The company’s platform hires teachers from North America having fluency in the language to teach Chinese kids. The teachers train students in nearly 2000 courses involving speech recognitions, grammatical rules, and listening, speaking, reading, writing, and special breakthroughs, to help strengthen the children in the use of the language. Additionally, the teachers ensure evaluation, and preparation along with subject enlightenments. The curriculum uses AI technology, product design, and teachers’ experiences to teach students English and Mathematics. 

The company generates revenue when students enroll in the program of their choosing, thereby allowing the parents, the flexibility to interact and subsequently choose a foreign teacher and alter the learning plans. 

The company plans on utilizing the Series E funding to continue to increase its investment in content development, talent, and technology while enhancing the company's operational efficiency to provide online education experiences for both students and teachers at scale.

## Funding rounds

- Series E, Sep 19, 2019, $150M — Tencent Investment
- Series D, Jun 21, 2018, $500M — Hong Shan, Coatue Management, YF Capital, Tencent Investment
- Series D, Aug 23, 2017, $200M — Hong Shan, YF Capital, Tencent Investment, ZhenFund, MPC, ZTwo Capital
- Series C, Aug 3, 2016, $100M — Hong Shan, YF Capital, Learn Capital, Xiang He Capital, Bryant Stibel
- Series B, Apr 12, 2016 — ZhenFund
- Series B, Oct 12, 2015, $20M — Hong Shan, NLVC, Sinovation Ventures, MPC
- Series A, Oct 12, 2014, $5M — Hong Shan, Sinovation Ventures, MPC
- Angel, Oct 1, 2013, $0.5M — Sinovation Ventures, Zhengshi Capital

## Investors

- Sinovation Ventures (https://capitalatlas.ai/funds/sinovation-ventures) — Angel, Series A, Series B
- Zhengshi Capital (https://capitalatlas.ai/funds/zhengshi-capital) — Angel
- Hong Shan — Series A, Series B, Series C, Series D
- MPC — Series A, Series B, Series D
- NLVC (https://capitalatlas.ai/funds/nlvc) — Series B
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Series B, Series D
- YF Capital (https://capitalatlas.ai/funds/yf-capital) — Series C, Series D
- Learn Capital (https://capitalatlas.ai/funds/learn-capital) — Series C
- Xiang He Capital (https://capitalatlas.ai/funds/xiang-he-capital) — Series C
- Bryant Stibel (https://capitalatlas.ai/funds/bryant-stibel) — Series C
- Tencent Investment — Series D, Series E
- ZTwo Capital — Series D
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series D