# Yuanfudao funding: rounds and investors > Yuanfudao has raised $600M across 2 rounds since 2018. Investors include Tencent/ Warburg Pincus, Tengxun Touzi and IDG Capital. Every round with its source. Source: https://millionrounds.com/company/yuanfudao (Millionrounds; every figure on the page links to its filing or article) China · [Growth startup](https://millionrounds.com/companies) # 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. AI Edtech Valuation: $16B, Mar 2026 Funding summary Updated 26 Oct 2026 **$600M** raised across 2 rounds since 2018, from 2 sources **$300M** Round **$300M** Growth - **Latest round:** Growth, $300M Dec 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. 2019 2020 **$300M** Round **$300M** Growth - **First round:** Round, $300M - **Biggest round:** $300M - **Between rounds:** 23 months ## The rounds - **Dec 2020** Growth **$300M** *5 new* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [IDG Capital](https://millionrounds.com/fund/idg-capital) [Temasek Holdings](https://millionrounds.com/fund/temasek) [Warburg Pincus](https://millionrounds.com/fund/warburg-pincus) [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) Source recorded - **Dec 2018** Round **$300M** *3 new* Tencent/ Warburg Pincus Lead [Matrix](https://millionrounds.com/fund/matrix) [IDG](https://millionrounds.com/fund/idg) 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. **Round** 2018 **Growth** 2020 Tencent/ Warburg Pincus L [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [IDG Capital](https://millionrounds.com/fund/idg-capital) [Temasek Holdings](https://millionrounds.com/fund/temasek) [Warburg Pincus](https://millionrounds.com/fund/warburg-pincus) [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) [Matrix](https://millionrounds.com/fund/matrix) [IDG](https://millionrounds.com/fund/idg) ## Everyone who backed them Tencent/ Warburg Pincus no record of our own yet **1** round, led 1 [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) VC firm **1** round [IDG Capital](https://millionrounds.com/fund/idg-capital) Private equity **1** round [Temasek Holdings](https://millionrounds.com/fund/temasek) VC firm **1** round [Warburg Pincus](https://millionrounds.com/fund/warburg-pincus) Private equity **1** round [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) Family office **1** round [Matrix](https://millionrounds.com/fund/matrix) Hedge fund **1** round [IDG](https://millionrounds.com/fund/idg) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=yuanfudao). ## 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 Capital](https://millionrounds.com/fund/lollapalooza-capital) Growth equity Per its own site [Hike Capital](https://millionrounds.com/fund/hike-capital) VC firm Per 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. ## Companies like Yuanfudao In the same sector, and raised in the last eighteen months. 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