VIPKID Stock (VIPD)

VIPKID connects children in China (and 32 other countries) with the world’s best teachers for real-time, one-to-one online English immersion learning. A global education company, VIPKID’s mission is to inspire and empower every child for the future. VIPKID adheres to the belief that education is not one-size-fits-all and that all students are unique and the world is within their reach when connected with great teachers capable of personalizing learning and sparking curiosity. Founded in 2013 and formally launched in 2014 after a year of piloting and curriculum development, edtech unicorn VIPKID has become China’s market-leading education startup, attracting investment from Sinovation Ventures, Sequoia Capital, Tencent, Yunfeng Capital, Matrix Partners, Learn Capital, Northern Light VC, Bryant Stibel, among others. VIPKID raised USD$ 200 million in its D Round in August 2017. The company offers a progressive pedagogy based on the US Common Core State Standards and now serves a community of over 200,000 paying students and over 20,000 teachers in the US and Canada. In 2017, VIPKID and Jack Ma Foundation launched an English-language education initiative for schools in rural China with the goal of reaching 200 schools in rural China in two years. In August 2017, VIPKID launched its online Mandarin tutoring service, Lingo Bus. Leveraging VIPKID’s best-in-industry technology, Lingo Bus is a “flipped version” of the VIPKID model, with China’s top Chinese language teachers teaching Chinese to children across the globe. The classes are taught in fully immersive Mandarin Chinese and thus can be taught to children in every country.