159 investors have funded 70 EdTech companies head-officed in Shanghai, across 256 rounds (Jan 2010 – Jul 2021). They are ranked by how many Shanghai companies in this market they have actually backed.
"In Shanghai" describes the companies, not the investor: most of the money in any city comes from somewhere else, and the Where the money comes from section below shows exactly where it came from here.
Ranked by companies backed in this market and city, then by round count. "Led" counts rounds recorded with this investor as lead.
| # | Investor | Based in | Stages here | Companies | Rounds | Led | Latest | Portfolio total |
|---|---|---|---|---|---|---|---|---|
| 1 | Yonghua Capital | Shanghai, China | Series BSeries ASeries C | 5 | 6 | 1 | Jan 2019 | 95 |
| 2 | Tencent | Shenzhen, China | Series BSeries CSeries D | 4 | 6 | 3 | Jan 2021 | 685 |
| 3 | Zhen Fund | Beijing, China | AngelSeries BSeed | 4 | 4 | 3 | Aug 2018 | 412 |
| 4 | Hujiang | Shanghai, China | Series ASeed | 4 | 4 | 1 | Oct 2016 | 8 |
| 5 | Sequoia Capital | Menlo Park, United States | Series CSeries BSeries A | 3 | 5 | 2 | Oct 2017 | 1,568 |
| 6 | Shunwei Capital | Beijing, China | Series BSeries CSeries A | 3 | 5 | 3 | May 2021 | 339 |
| 7 | Trustbridge Partners | Shanghai, China | Series CSeries DSeries B | 3 | 5 | 1 | Jan 2021 | 59 |
| 8 | TAL Education Group | Beijing, China | Series CSeries D | 3 | 5 | 3 | Jan 2019 | 44 |
| 9 | Qingsong Fund | Shenzhen, China | SeedSeries A | 3 | 4 | 3 | Jul 2020 | 99 |
| 10 | Chengwei Capital | Shanghai, China | Series ASeries BSeed | 3 | 4 | — | Jun 2020 | 55 |
| 11 | Fortune Capital | Shenzhen, China | Series ASeries B | 3 | 3 | 1 | Mar 2018 | 191 |
| 12 | New Oriental Education and Technology Group | Beijing, China | Series ASeries DSeries B | 3 | 3 | 1 | Nov 2017 | 30 |
| 13 | IDG Capital | New York City, United States | Series CSeries BSeries A | 2 | 5 | 2 | Sep 2018 | 636 |
| 14 | GGV Capital | Menlo Park, United States | Series BSeries ASeries C | 2 | 4 | 3 | Oct 2016 | 438 |
| 15 | Qiming Venture Partners | Shanghai, China | Series CSeries BSeries A | 2 | 4 | 2 | Jan 2017 | 337 |
| 16 | Qualcomm Ventures | San Diego, United States | Series CSeries BSeries D | 2 | 3 | 2 | Nov 2017 | 310 |
| 17 | Source Code Capital | Beijing, China | Series CSeed | 2 | 3 | 1 | Jul 2018 | 188 |
| 18 | Kunzhong Capital | Chaoyang, China | Series BSeries A | 2 | 3 | 1 | Mar 2018 | 35 |
| 19 | New Oriental | Beijing, China | SeedSeries ASeries D | 2 | 3 | 1 | Nov 2017 | 21 |
| 20 | Amoeba Capital Partners | Singapore, Singapore | Series ASeries B | 2 | 3 | — | Dec 2015 | 6 |
| 21 | Warburg Pincus | New York City, United States | Series D | 2 | 2 | 2 | Jan 2019 | 331 |
| 22 | Sinovation Ventures | Beijing, China | AngelSeed | 2 | 2 | 1 | Oct 2015 | 235 |
| 23 | Oriental Fortune Capital | Shenzhen, China | Series B | 2 | 2 | — | Mar 2018 | 169 |
| 24 | China Growth Capital | Seed | 2 | 2 | — | Aug 2016 | 136 | |
| 25 | Bertelsmann Asia Investments | Chaoyang, China | Series ASeries C | 2 | 2 | — | Dec 2015 | 73 |
| 26 | Chinaccelerator | Shanghai, China | Seed | 2 | 2 | 2 | Dec 2014 | 83 |
| 27 | Shanda | Menlo Park, United States | Series ASeed | 2 | 2 | — | Nov 2014 | 67 |
| 28 | Vision Knight Capital | Shanghai, China | Series C | 2 | 2 | — | Nov 2018 | 45 |
| 29 | Gene Capital | Beijing, China | Series ASeries B | 2 | 2 | — | Mar 2018 | 10 |
| 30 | GSR Ventures | Beijing, China | SeedSeries BSeries C | 1 | 4 | 2 | Nov 2018 | 125 |
| 31 | OneSmart Education Group | Shanghai, China | SeedSeries ASeries B | 1 | 4 | — | Nov 2018 | 2 |
| 32 | Longcapital | Xuhui, China | Series BSeries C | 1 | 3 | 1 | Nov 2018 | 12 |
| 33 | Divine Capital | Series ASeries BSeries C | 1 | 3 | 1 | Nov 2018 | 5 | |
| 34 | Temasek | Singapore, Singapore | Series BSeries C | 1 | 2 | — | Nov 2015 | 450 |
| 35 | 5Y Capital | Shanghai, China | Series ASeries B | 1 | 2 | — | Nov 2011 | 154 |
| 36 | BlueRun Ventures | Menlo Park, United States | Series BSeries C | 1 | 2 | — | Nov 2018 | 156 |
| 37 | Artesian | New York City, United States | Seed | 1 | 2 | 1 | Sep 2016 | 136 |
| 38 | Baidu | Beijing, China | Series CSeries B | 1 | 2 | 2 | Apr 2014 | 89 |
| 39 | Vertex Ventures | Beijing, China | Series ASeries B | 1 | 2 | 1 | Jun 2015 | 68 |
| 40 | Blue Lake Capital | Shanghai, China | Series BSeries C | 1 | 2 | 1 | Nov 2018 | 46 |
| 41 | BAI Capital | Beijing, China | Series BSeries A | 1 | 2 | 1 | Nov 2018 | 45 |
| 42 | Share Capital | Shenzhen, China | AngelSeries B | 1 | 2 | — | Jul 2015 | 47 |
| 43 | Cash Capital | Beijing, China | Series ASeed | 1 | 2 | 1 | Nov 2017 | 41 |
| 44 | Vickers Venture Partners | Singapore, Singapore | Series CSeries D | 1 | 2 | — | Nov 2017 | 30 |
| 45 | Orchid Asia Group | Hong Kong, China | Series BSeries C | 1 | 2 | 2 | Nov 2018 | 40 |
| 46 | CMC Capital | Shanghai, China | Series E+ | 1 | 2 | — | Sep 2020 | 31 |
| 47 | Genesis Capital | Atlanta, United States | Series DSeries E+ | 1 | 2 | 1 | Sep 2020 | 19 |
| 48 | Greenwoods Asset Management | Hong Kong, China | SeedSeries A | 1 | 2 | 1 | Nov 2017 | 16 |
| 49 | Harbor Pacific Capital | Hong Kong, China | Seed | 1 | 2 | 1 | Sep 2016 | 6 |
| 50 | Tiger Global Management | New York City, United States | Series C | 1 | 1 | 1 | Dec 2017 | 791 |
| 51 | Goldman Sachs | New York City, United States | Series C | 1 | 1 | 1 | Nov 2015 | 695 |
| 52 | Bain Capital Ventures | Boston, United States | Series B | 1 | 1 | — | Nov 2011 | 395 |
| 53 | Matrix Partners China | Chaoyang, China | Series A | 1 | 1 | 1 | Mar 2019 | 446 |
| 54 | SOSV | Cork, Ireland | Seed | 1 | 1 | 1 | Sep 2016 | 446 |
| 55 | IFC | Washington, DC, United States | Series E+ | 1 | 1 | 1 | Sep 2020 | 359 |
| 56 | Legend Capital | Haidian, China | Series D | 1 | 1 | 1 | Nov 2017 | 335 |
| 57 | Headline | San Francisco, United States | Series A | 1 | 1 | — | Jun 2015 | 341 |
| 58 | Hillhouse | New York City, United States | Series C | 1 | 1 | 1 | Nov 2018 | 341 |
| 59 | Sequoia Capital China | Beijing | Series B | 1 | 1 | 1 | Nov 2018 | 345 |
| 60 | Morgan Stanley | New York City, United States | Series C | 1 | 1 | 1 | Nov 2018 | 373 |
| 61 | SoftBank Vision Fund | London, United Kingdom | Series E+ | 1 | 1 | 1 | Sep 2020 | 325 |
| 62 | The Carlyle Group | Washington, DC, United States | Series B | 1 | 1 | — | Sep 2017 | 341 |
| 63 | GIC | Singapore, Singapore | Series C | 1 | 1 | 1 | Nov 2015 | 256 |
| 64 | HAX | San Francisco, United States | Seed | 1 | 1 | 1 | Dec 2017 | 283 |
| 65 | Northern Light Venture Capital | Beijing, China | Seed | 1 | 1 | 1 | Dec 2018 | 215 |
| 66 | Gobi Partners | Kuala Lumpur, Malaysia | Seed | 1 | 1 | 1 | Aug 2013 | 214 |
| 67 | Walden International | San Francisco, United States | Series A | 1 | 1 | 1 | Jul 2015 | 175 |
| 68 | SIG China | Shanghai, China | Series A | 1 | 1 | 1 | Nov 2017 | 186 |
| 69 | CPP Investments | Toronto, Canada | Series E+ | 1 | 1 | — | Sep 2020 | 191 |
| 70 | CyberAgent Capital | Tokyo, Japan | Series B | 1 | 1 | — | Feb 2014 | 195 |
| 71 | Orbit Startups | Shanghai, China | Seed | 1 | 1 | 1 | Jun 2017 | 188 |
| 72 | Frees Fund | Beijing, China | Series D | 1 | 1 | — | Oct 2017 | 122 |
| 73 | NGP Capital | Palo Alto, United States | Series C | 1 | 1 | 1 | Jul 2021 | 112 |
| 74 | Lanchi Venture Capital | Chaoyang, China | Seed | 1 | 1 | — | May 2015 | 96 |
| 75 | SIG | Bala Cynwyd, United States | Series C | 1 | 1 | — | Jul 2021 | 102 |
| 76 | Baidu Ventures | Series D | 1 | 1 | 1 | Oct 2015 | 100 | |
| 77 | Sofina | Brussels, Belgium | Series E+ | 1 | 1 | — | Jan 2019 | 71 |
| 78 | Future Capital | Beijing, China | Seed | 1 | 1 | — | Aug 2016 | 77 |
| 79 | Qualcomm | San Diego, United States | Series A | 1 | 1 | — | Sep 2015 | 92 |
| 80 | The Chennai Angels | Chennai, India | Seed | 1 | 1 | — | Aug 2016 | 90 |
| 81 | 500 Durians | Singapore, Singapore | Seed | 1 | 1 | 1 | Sep 2016 | 92 |
| 82 | SoftBank | Tokyo, Japan | Series D | 1 | 1 | — | Oct 2015 | 77 |
| 83 | Ping An Ventures | Pudong, China | Series A | 1 | 1 | — | Jun 2012 | 74 |
| 84 | Redpoint China Ventures | Beijing, China | Series A | 1 | 1 | 1 | Dec 2020 | 54 |
| 85 | China Merchants Capital | Shenzhen, China | Series C | 1 | 1 | 1 | Jan 2017 | 80 |
| 86 | GF Xinde Investment Management | Guangzhou, China | Series A | 1 | 1 | — | Oct 2015 | 74 |
| 87 | CITIC | Hong Kong, China | Series C | 1 | 1 | — | Jul 2021 | 73 |
| 88 | China Renaissance Group | Chaoyang, China | Series C | 1 | 1 | 1 | Sep 2016 | 61 |
| 89 | Loayal Valley Capital | Shanghai, China | Series D | 1 | 1 | — | Sep 2020 | 52 |
| 90 | UMC Capital | Taipei, Taiwan | Series C | 1 | 1 | — | Jun 2013 | 45 |
| 91 | Angel Bay Ventures | Hangzhou, China | Angel | 1 | 1 | — | Jan 2014 | 49 |
| 92 | Shenzhen Guozhong Venture Capital Management | Shenzhen, China | Series A | 1 | 1 | — | Dec 2017 | 49 |
| 93 | CCV Capital | Chaoyang, China | Series A | 1 | 1 | 1 | Sep 2018 | 37 |
| 94 | Shanghai Zhonglu Group | Shanghai, China | Series A | 1 | 1 | — | Apr 2015 | 47 |
| 95 | 01VC | Shanghai, China | Series B | 1 | 1 | — | Jul 2017 | 37 |
| 96 | Greenwoods Investments | Shanghai, China | Series C | 1 | 1 | — | Jun 2016 | 35 |
| 97 | Atom Ventures | Chaoyang, China | Angel | 1 | 1 | — | May 2011 | 36 |
| 98 | Genesis Capital | Beijing, China | Series E+ | 1 | 1 | — | Jan 2019 | 27 |
| 99 | Gopher Assets | Yangpu, China | Series B | 1 | 1 | — | Mar 2018 | 33 |
| 100 | Fenghu Capital | Shanghai, China | Angel | 1 | 1 | — | Oct 2014 | 29 |
Showing the top 100 of 159. Search the full investor set →
Head office of the investors on this page.
Rounds by stage — where in a company's life this money arrives.
Total disclosed size of each round, not one investor's share.
How active this market has been.
EdTech companies head-officed in Shanghai that took money from these investors.
| Company | Backers | Rounds | Disclosed | Latest round |
|---|---|---|---|---|
| Zhangmen zhangmen.com |
16 | 20 | $4.7B | Series E+ Sep 2020 |
| iTutorGroup itutorgroup.com |
8 | 10 | $1.4B | Series C Nov 2015 |
| DaDaABC dadaabc.com |
8 | 10 | $875M | Series D Jan 2019 |
| Xuebajun 1 on 1 xueba100.com |
8 | 10 | $705M | Series C Jan 2017 |
| Gaodun Online School gaodun.com |
8 | 8 | $496.2M | Series D Sep 2020 |
| Alo7 alo7.com |
8 | 10 | $292.5M | Series D Nov 2017 |
| VIP peilian.com |
7 | 15 | $976.5M | Series C Nov 2018 |
| Qingqing Jiajiao changingedu.com |
7 | 14 | $778M | Series D Oct 2017 |
| Neo Bear neobear.com |
7 | 8 | $223.9M | Series B Oct 2016 |
| Jiliguala jiliguala.com |
7 | 9 | $200M | Series C Jan 2021 |
| Xiaozhan zhan.com |
6 | 8 | $562M | Series C Dec 2015 |
| hfjy.com hfjy.com |
6 | 7 | — | Series C Jul 2018 |
| Hujiang hujiang.com |
5 | 6 | $728M | Series D Oct 2015 |
| Yuning Education Technology czbapp.com |
5 | 5 | $118.7M | Series B Mar 2018 |
| Youshikoudai youshikoudai.com |
5 | 5 | $6M | Series A Jun 2017 |
| Dyad dyad.com |
5 | 7 | $5.8M | Seed Sep 2016 |
| Career Dream careerdream.org |
5 | 5 | — | Series A Jul 2018 |
| Classba classba.cn |
4 | 7 | $215.8M | Series A Nov 2017 |
| Jingrui jingrui.cn |
4 | 6 | $180M | Series B Sep 2017 |
| Unicareer unicareer.com |
4 | 5 | $100M | Series B Mar 2018 |
| Xstudy xstudy.com.cn |
4 | 6 | $80.4M | Series C Jun 2016 |
| Yimifudao 1mifudao.com |
3 | 9 | $85.3M | Series C Nov 2018 |
| Zhiyue Study Room zhiyueshufang.com |
3 | 3 | $10.5M | Series A Dec 2020 |
| vipSing vipsing.com |
3 | 3 | $2.8M | Series A May 2021 |
| Squirrel Ai Learning squirrelai.com |
3 | 3 | — | Series C Jul 2021 |
| iChangtou ichangtou.com |
2 | 2 | $29.3M | Series A Sep 2018 |
| Miaocode miaocode.com |
2 | 2 | $20M | Series A Sep 2018 |
| Yuningwang yuningwang.com |
2 | 2 | $7.3M | Series A Feb 2017 |
| IDaddy idaddy.cn |
2 | 2 | $4.8M | Series B Apr 2018 |
| Linked F bolue.cn |
2 | 2 | — | Series B Oct 2019 |
| iTan8 itan8.com |
2 | 2 | — | Series A Mar 2015 |
| MDMOOC mdmooc.org |
2 | 2 | — | Series A Oct 2015 |
| HNR New Lift hopeandrising.com |
2 | 2 | — | Seed Nov 2018 |
| SuRong360 surong360.com |
2 | 2 | — | Series A Jul 2016 |
| ahakid ahakid.com |
2 | 2 | — | Seed Mar 2018 |
| DFRobot dfrobot.com |
2 | 2 | — | Series A Jul 2015 |
| Fancy Education fancyedu.net |
1 | 2 | $28.5M | Series B Dec 2015 |
| AllDream all-dream.com |
1 | 1 | $17.5M | Series B Sep 2018 |
| Yishengzhan yishengzhan.cn |
1 | 1 | $3.1M | Series A Dec 2015 |
| Italki italki.com |
1 | 1 | $3M | Series A Jun 2016 |
| Xiaoxiao xiaoxiao.la |
1 | 1 | $1.6M | Seed Apr 2016 |
| OfferComing offercoming.com |
1 | 1 | $1.5M | Seed Sep 2017 |
| Super Chinese superchinese.com |
1 | 1 | $1.4M | Seed Jul 2020 |
| Youziyue youziyue.com |
1 | 1 | $1.2M | Series A Apr 2015 |
| Micro-Study vlearn.cn |
1 | 1 | $873.5K | Angel Sep 2018 |
| Zhu-Lou zhu-lou.com |
1 | 1 | $150K | Seed Dec 2014 |
| Specifiko specifiko.com |
1 | 1 | $150K | |
| Tiao Tiao tiao-tiao.com |
1 | 1 | $44.6K | Seed Sep 2013 |
| Tinkamo tinkamo.com |
1 | 1 | — | Seed Dec 2017 |
| BBPapp bbpapp.com |
1 | 1 | — | Angel May 2011 |
| Date | Investor | Company | Stage | Round size |
|---|---|---|---|---|
| Jul 2021 | CITIC | Squirrel Ai Learning | Series C | — |
| Jul 2021 | NGP CapitalLED | Squirrel Ai Learning | Series C | — |
| Jul 2021 | SIG | Squirrel Ai Learning | Series C | — |
| May 2021 | Shunwei CapitalLED | vipSing | Series A | — |
| Apr 2021 | China Distance Education Holdings | Xiniaoxi | Series A | — |
| Jan 2021 | TencentLED | Jiliguala | Series C | $100M |
| Jan 2021 | Trustbridge PartnersLED | Jiliguala | Series C | $100M |
| Dec 2020 | Redpoint China VenturesLED | Zhiyue Study Room | Series A | $3.5M |
| Dec 2020 | Blue Elephant Capital | Zhiyue Study Room | Series A | $3.5M |
| Dec 2020 | Puxin Education Technology GroupLED | Zhiyue Study Room | Series A | $3.5M |
| Sep 2020 | Hongzhuo Capital | Gaodun Online School | Series D | — |
| Sep 2020 | TencentLED | Gaodun Online School | Series D | — |
| Sep 2020 | Loayal Valley Capital | Gaodun Online School | Series D | — |
| Sep 2020 | Genesis Capital | Zhangmen | Series E+ | $400M |
| Sep 2020 | IFCLED | Zhangmen | Series E+ | $400M |
| Sep 2020 | Genesis CapitalLED | Zhangmen | Series E+ | $400M |
| Sep 2020 | SoftBank Vision FundLED | Zhangmen | Series E+ | $400M |
| Sep 2020 | CMC Capital | Zhangmen | Series E+ | $400M |
| Sep 2020 | CPP Investments | Zhangmen | Series E+ | $400M |
| Jul 2020 | Qingsong FundLED | Super Chinese | Seed | $1.4M |
EdTech investors in other cities
Other markets in Shanghai