# Koala Reading

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/koala-reading

- Industry: Education/Training
- Headquarters: Beijing, China
- Website: www.koalareading.com
- Total disclosed funding: $21M
- Latest round: Series B (Aug 10, 2018)
- Investors on record: 7

## About

Established in 2016 and based in Beijing, China, Koala Reading is an education company, focuses on the research and development of Chinese reading products. The reading mobile application, Koala Reading, published in 2017.

The company released ER-Framework to quantify the difficulty of Chinese text and individual reading ability of students, providing reading and learning solutions for students based on the ER-Framework. The ER-Framework's development based on AI(artifical intelligence), big data, and deep learning technology.

## Funding rounds

- Series B, Aug 10, 2018, $20M — Qiming Venture Partners, CMC Capital Partners, XVC, Jiyuan Capital
- Series A, Dec 5, 2017 — Qiming Venture Partners, Jiyuan Capital
- Seed, Sep 2, 2016, $0.6M — ZhenFund, PreAngel Partners, Galileo Ventures

## Investors

- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Seed
- PreAngel Partners — Seed
- Galileo Ventures — Seed
- Qiming Venture Partners (https://capitalatlas.ai/funds/qiming-venture-partners) — Series A, Series B
- Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Series A, Series B
- CMC Capital Partners (https://capitalatlas.ai/funds/cmc-capital-partners) — Series B
- XVC — Series B