# Zhangmen.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zhangmen-com

- Industry: Education/Training
- Headquarters: Shanghai, China
- Website: www.zhangmen.com
- Total disclosed funding: $873M
- Latest round: Series F (Sep 30, 2020)
- Investors on record: 11

## About

Founded in 2010 and based in Shanghai, China, Zhangmen.com operates as an online education platform. The company was founded by its CEO Zhang Yi. In September 2020, Zhangmen.com raised approximately USD 400 million in Series F funding from new investors SB Investment Advisers, CPP Investment Board, and International Finance Corporation and in June 2021, Zhangmen.com raised USD 41.66 million in an IPO, selling 3.62 million shares at USD 11.50 per share on the NYSE. As of March 2021, the company employs more than 45,000 teachers. 

Zhangmen's online tutoring platform provides educational services such as one-to-one tutoring courses, small-class after-school tutoring services, and teaching materials to K-12 students (primary and middle school students from eight to 18 years old ). The company's tutoring platform is built with a multi-terminal online teaching system that allows it to be deployed across computers, tablets, mobile phones, and TVs, and it uses big data and deep learning GPU clusters to automatically upgrade and optimize its intelligent learning system to provide better services. 

In 2021, Zhangmen's Losses widened to CNY  497.3 million for the quarter that ended March 31, compared to the losses of CNY 2 million for the same period in 2020.

## Funding rounds

- Series F, Sep 30, 2020, $400M — International Finance Corporation, CPP Investment Board, CMC Capital Partners, Genesis Capital, SB Investment Advisers
- Series E, Jan 23, 2019, $350M — China International Capital Corporation, CMC Capital Partners
- Series D, Jan 9, 2018, $120M — Warburg Pincus, Genesis Capital
- Series C, Sep 29, 2016 — China Renaissance
- Series B, Mar 29, 2016 — Fortune Capital, Shunwei Capital
- Series A, Jul 9, 2015, $3.3M — Shunwei Capital, Qingsong Fund
- Angel, Dec 1, 2014 — Qingsong Fund

## Investors

- Qingsong Fund (https://capitalatlas.ai/funds/qingsong-fund) — Angel, Series A
- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Series A, Series B
- Fortune Capital — Series B
- China Renaissance (https://capitalatlas.ai/funds/china-renaissance) — Series C
- Warburg Pincus (https://capitalatlas.ai/funds/warburg-pincus) — Series D
- Genesis Capital — Series D, Series F
- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series E
- CMC Capital Partners (https://capitalatlas.ai/funds/cmc-capital-partners) — Series E, Series F
- International Finance Corporation — Series F
- CPP Investment Board — Series F
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series F