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New Deal


Announced

Completed

FountainVest Partners and Tiger Global led a $750m Series E funding round in Zuoyebang.

Financials

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Transaction Value£608m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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China

Online and Social Platforms

Private

Private Equity

scholars platform

Friendly

Acquisition

Minority

Completed

Cross Border

Venture Capital

Synopsis

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Private equity firms FountainVest Partners and Tiger Global Management led a $750m Series E funding round in Zuoyebang, a Chinese online learning app, with participation from SoftBank’s Vision Fund, Qatar Investment Authority, Sequoia Capital China, Tiantu Capital and Xiang He Capital. The fundraising comes as education technology, known as “edtech”, is one of the few sectors that thrived in the pandemic as students were asked to take online classes from home after China imposed a lockdown.

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