# Codemao funding: rounds and investors > Codemao has raised $122M across 3 rounds since 2017. Investors include Saif Partners, Green Pine Capital and EBZY Capital. Every round with its source. Source: https://millionrounds.com/company/codemao (Millionrounds; every figure on the page links to its filing or article) China · [Series C startup](https://millionrounds.com/companies) # Who invested in *Codemao* 3 rounds we have observed, with the 9 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Edtech Valuation: $500M, Oct 2024 Funding summary Updated 26 Oct 2026 **$122M** raised across 3 rounds since 2017, from 3 sources **$18M** Round **$47M** Series C **$57M** Series C - **Latest round:** Series C, $57M Nov 2019 - **Step-up i:** 1.2× - **Investors:** 9 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2018 2019 **$18M** Round **$47M** Series C **$57M** Series C - **First round:** Round, $18M - **Biggest round:** $57M - **Usual gap between rounds:** 17 months ## The rounds - **Nov 2019** Series C **$57M** *3 new* [Saif Partners](https://millionrounds.com/fund/saif-partners) [EBZY Capital](https://millionrounds.com/fund/ebzy-capital) Hillhouse Reported by China Money Network - **May 2018** Series C **$47M** *3 new* [Green Pine Capital](https://millionrounds.com/fund/green-pine-capital-partners) Beijing News CMB/ Shanshui Reported by China Money Network - **Nov 2017** Round **$18M** *3 new* Cheetah Hillhouse Capital/ Crystal Stream Qinghan Reported by China Money Network ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Round** 2017 **Series C** 2018 **Series C** 2019 [Saif Partners](https://millionrounds.com/fund/saif-partners) [Green Pine Capital](https://millionrounds.com/fund/green-pine-capital-partners) [EBZY Capital](https://millionrounds.com/fund/ebzy-capital) Beijing News Cheetah CMB/ Shanshui Hillhouse Hillhouse Capital/ Crystal Stream Qinghan ## Everyone who backed them [Saif Partners](https://millionrounds.com/fund/saif-partners) Private equity **1** round [Green Pine Capital](https://millionrounds.com/fund/green-pine-capital-partners) VC firm **1** round [EBZY Capital](https://millionrounds.com/fund/ebzy-capital) Corporate VC **1** round Beijing News no record of our own yet **1** round Cheetah no record of our own yet **1** round CMB/ Shanshui no record of our own yet **1** round Hillhouse no record of our own yet **1** round Hillhouse Capital/ Crystal Stream no record of our own yet **1** round Qinghan no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=codemao). ## Quick answers about Codemao ### Who invested in Codemao? Codemao's investors include Saif Partners, Green Pine Capital, EBZY Capital, Beijing News and Cheetah, and 4 more on record. ### How much has Codemao raised? Codemao has raised $122M across 3 rounds since 2017. ### When did Codemao last raise? Codemao's most recent round was a Series C of $57M in Nov 2019. ### What was Codemao's biggest round? Its most recent round, $57M in Nov 2019, is also its largest on record. ### Who backed Codemao first? Codemao's first round on record, in Nov 2017, was backed by Cheetah, Hillhouse Capital/ Crystal Stream and Qinghan. ### What stage is Codemao at? Codemao's latest named round is a Series C, in Nov 2019. ### Where is Codemao based? Codemao is based in China. ## Companies like Codemao In the same sector, and raised in the last eighteen months. [**Intuitivo** $58K · Oct 2026](https://millionrounds.com/company/intuitivo)[**Stride** $16M · Oct 2026](https://millionrounds.com/company/stride)[**Coding Giants** $16M · Oct 2026](https://millionrounds.com/company/coding-giants)[**Mesa School of Business** $16M · Oct 2026](https://millionrounds.com/company/mesa-school-of-business)[**sAInaptic** $3.6M · Oct 2026](https://millionrounds.com/company/sainaptic)[**LearnUpon** $51M · Oct 2026](https://millionrounds.com/company/learnupon) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app