# LAIX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/laix

- Industry: Education/Training
- Headquarters: Shanghai, China
- Website: www.liulishuo.com
- Total disclosed funding: $129M
- Latest round: Series C (Jul 26, 2017)
- Investors on record: 7

## About

Founded in 2012 and based in Shanghai, China, Shanghai Liulishuo Information Technology Co., Ltd. operates business as an artificial intelligence-based mobile application for learning English. In 2013, the company's English learning mobile app known as English Liulishuo was selected as the best apps of 2013 by Apple App Store. Also, the mobile application was pre-installed for iPhones on display in Chinese Apple retail stores. In 2018, the company was listed on the New York Stock Exchange (NYSE: LAIX). Based on the company source, the company's flagship product English Liulishuo has more than 60 million registered users from 379 cities in China. The founders of the company are Yi Wang, Hui Lin, and Ben Hu. As of 2021, the company has a total of 533 employees.

The company provides English learning software and mobile application for kids between 3-12, students, individuals, and institutions. Its main products include English Liulishuo, DongNi Standard, Kids Liulishuo, Liuli Reading, IELTS Liulishuo, LingoChamp, etc. Its courses include oral English, English reading, and IELTS test learning. The courses are supported by AI interactive technology that provides customized feedback for individuals. As of March 2021, the total number of registered users is 200.6 million.

## Funding rounds

- Series C, Jul 26, 2017, $100M — IDG Capital, CMC Capital Partners, Hearst Ventures, Trustbridge Partners, Cherubic Ventures, Wu Capital, Jiyuan Capital
- Series B, Jul 14, 2015, $29M — IDG Capital, Hearst Ventures, Trustbridge Partners, Cherubic Ventures, Jiyuan Capital
- Series A, Oct 1, 2013 — IDG Capital, Jiyuan Capital
- Angel, Mar 1, 2013 — Trustbridge Partners

## Investors

- Trustbridge Partners (https://capitalatlas.ai/funds/trustbridge-partners) — Angel, Series B, Series C
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A, Series B, Series C
- Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Series A, Series B, Series C
- Hearst Ventures (https://capitalatlas.ai/funds/hearst-ventures) — Series B, Series C
- Cherubic Ventures (https://capitalatlas.ai/funds/cherubic-ventures) — Series B, Series C
- CMC Capital Partners (https://capitalatlas.ai/funds/cmc-capital-partners) — Series C
- Wu Capital — Series C