Chinese Exam Database Yuantiku Pockets $60M Series D Funding at $360M Valuation

Chinese online education platform Yuantiku has secured US$60 million of Series D funding at a valuation of US$360 million, just six months after announcing US$15 million in Series C last year. The new round was led by CMC Capital Partners and followed by New Horizon Capital, existing investors IDG and Matrix Partners China.

Yuantiku offers a database of practice questions for students preparing for exams. Powered by intelligent algorithms and big data, the service gives custom tests and analyses based on the student’s performance.

Founded by former NetEase executive Li Yong, the company behind Yuantiku pivoted from Fenbi, a social service for students and teachers built in 2012. The startup’s first K-12-focused offering, an exam database for National College Entrance Exam, became an instant hit after its launch in October 2013. The service claims 13 million users at the present, up from 1.5 million in June last year.

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