Ape guidance will get another $1.2 billion in financing, and its valuation will exceed $13 billion after investment

 Ape guidance will get another $1.2 billion in financing, and its valuation will exceed $13 billion after investment

36 krypton learned exclusively that the online education brand ape guidance is about to complete a new round of financing of $1.2 billion. It is reported that Tencent, Hillhead and Boyu capital, the old shareholders, have participated in this round of financing, and the transaction will be completed in the near future.

36 krypton asked ape counseling for confirmation, which declined to comment.

If the news is true, after the completion of this round of financing, the valuation of ape tutor will exceed US $13 billion, becoming the worlds most valued online education Unicorn company.

Founded in 2012, the current business of ape counseling is mainly divided into K12 (online school and zebra AI class) and adult education (chalk public examination). According to a data obtained by 36 krypton, by the fall of this year, there will be about 3.7 million students studying at K12, an ape counseling company. Among them, 2.2 million students are studying online in autumn, and 1.5 million are reading zebra AI. This number means that ape tutoring is the largest company with the largest number of users of K12 online course.

According to a data provided to investors in this round of financing, ape guidance estimates that this years cash income will reach between 18 billion and 20 billion yuan, an increase of more than 30% compared with the financing round at the beginning of the year. Among them, the target income of K12 (online tutoring for apes and zebra AI) is about 15 billion yuan, and that of Adult Education (chalk public examination) is about 4 billion yuan. From the perspective of financial recognition Revenue, ape guidance company will also reach about 10 billion this year, compared with 2.8 billion last year.

At the same time of scale growth, ape tutoring has made great moves in brand since the end of last year. In addition to the regular variety show and film and TV series cooperation, ape counseling first became a special partner of CCTV 2020 Spring Festival Gala, and then announced in July that it would become the official online education service sponsor of Beijing 2022 Winter Olympic Games and winter Paralympic Games. It is worth noting that both the Spring Festival Gala and the Winter Olympics are the first cooperation between the project and the online education industry, which is also one of the signs that online education has become the mainstream mode.

Source: 36 krypton Author: Jingting editor: Wang Fengzhi_ NT2541