# Beijing Xingengyuan Technology Development Co.

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

- Industry: Education/Training
- Headquarters: Beijing, China
- Website: www.huohua.cn
- Total disclosed funding: $563M
- Latest round: Series E (Jan 24, 2021)
- Investors on record: 14

## About

Founded in 2016 and based in Beijing, China, Beijing Xingengyuan Technology Development Co., Ltd. is an educational technology company that focuses on developing an online mathematics education platform for children aged 3-9. In 2019, the company won the "Top 50 Most Influential Enterprises in the Education Industry in 2019" by Startup Dark Horse and the "Top 50 Chinese Internet Quasi-Unicorns with Reverse Growth in 2019" by Pencil Daozhen List. In January 2021, the firm raised USD 150 million in series E funding.

The company's main product is an online mathematics education platform for children. The children's mathematics online education platform provides interactive video courses on mathematical logic, concentration, etc. for children aged 3-10. The company also offers courses such as programming, public speaking and chess.

The company’s revenue is generated by providing an online education platform for children.

## Funding rounds

- Series E, Jan 24, 2021, $150M — Tencent Investment, Trustbridge Partners
- Series E, Oct 12, 2020, $100M — Carlyle Group, Tencent Investment, Beijing Yuanli Education Technology Co., Ltd.
- Series E, Aug 5, 2020, $150M — KKR, Hong Shan, GSR Ventures, IDG Capital, Longfor Capital, Jiyuan Capital
- Series D, Aug 26, 2019, $85M — Lightspeed Venture Partners, Hong Shan, GSR Ventures, NLVC, IDG Capital, Hike Capital, Longhu Capital, KKR, Jiyuan Capital
- Series C, Mar 23, 2019, $40M — Lightspeed Venture Partners, Hong Shan, GSR Ventures, NLVC, IDG Capital, Hike Capital, Longhu Capital
- Series B, Jun 20, 2018, $20M — Lightspeed Venture Partners, Hong Shan, GSR Ventures, NLVC, IDG Capital, Hike Capital
- Series B, May 10, 2018, $15M — Lightspeed Venture Partners, GSR Ventures, IDG Capital, Hike Capital
- Series A, Aug 1, 2016, $3M — Lightspeed Venture Partners

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B, Series C, Series D
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series B, Series C, Series D, Series E
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series B, Series C, Series D, Series E
- Hike Capital (https://capitalatlas.ai/funds/hike-capital) — Series B, Series C, Series D
- Hong Shan — Series B, Series C, Series D, Series E
- NLVC (https://capitalatlas.ai/funds/nlvc) — Series B, Series C, Series D
- Longhu Capital — Series C, Series D
- KKR (https://capitalatlas.ai/funds/kkr) — Series D, Series E
- Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Series D, Series E
- Longfor Capital — Series E
- Carlyle Group (https://capitalatlas.ai/funds/carlyle-group) — Series E
- Tencent Investment — Series E
- Beijing Yuanli Education Technology Co., Ltd. — Series E
- Trustbridge Partners (https://capitalatlas.ai/funds/trustbridge-partners) — Series E