China · Growth startup

Who invested in Yuanfudao

2 rounds we have observed, with the 8 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.

AIEdtech

Valuation: $16B, Mar 2026

Funding summaryUpdated 26 Oct 2026

$600Mraised across 2 rounds since 2018, from 2 sources

$300MRound$300MGrowth
Latest round
Growth, $300MDec 2020
Investors
8 (1 led)
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.

20192020
$300MRound$300MGrowth
First round
Round, $300M
Dec 2018
Biggest round
$300M
Growth · Dec 2020
Between rounds
23 months
from the last two

The rounds

  1. Dec 2020
  2. Dec 2018
    Round$300M3 new

    Reported by TechCrunch

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.

Everyone who backed them

Tencent/ Warburg Pincusno record of our own yet1round, led 1
Tengxun TouziVC firm1round
IDG CapitalPrivate equity1round
Temasek HoldingsVC firm1round
Warburg PincusPrivate equity1round
Hill House CapitalFamily office1round
MatrixHedge fund1round
IDGVC firm1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 2 firms list Yuanfudao as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

Lollapalooza CapitalGrowth equityPer its own site
Hike CapitalVC firmPer its own site

Quick answers about Yuanfudao

Who invested in Yuanfudao?

Yuanfudao's investors include Tencent/ Warburg Pincus, Tengxun Touzi, IDG Capital, Temasek Holdings and Warburg Pincus, and 3 more on record.

How much has Yuanfudao raised?

Yuanfudao has raised $600M across 2 rounds since 2018.

When did Yuanfudao last raise?

Yuanfudao's most recent round was a Growth of $300M in Dec 2020.

What was Yuanfudao's biggest round?

Its most recent round, $300M in Dec 2020, is also its largest on record.

Who backed Yuanfudao first?

Yuanfudao's first round on record, in Dec 2018, was backed by Tencent/ Warburg Pincus, Matrix and IDG.

What stage is Yuanfudao at?

Yuanfudao's latest named round is a Growth, in Dec 2020.

Where is Yuanfudao based?

Yuanfudao is based in China.

Who led Yuanfudao's rounds?

Tencent/ Warburg Pincus led the Undisclosed round in 2018.

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