online English on a mechanism of "Da Da" in English today announced that it has received hundreds of millions of yuan B+ round of financing, by the east rich sea lead investor, B round investors Yonghua investment to continue with the vote, all current funds have been credited. The financing is mainly used for market development, curriculum development and further enhance the teaching experience.
December 22nd the investment community news, online English on a mechanism of "Da Da" in English today announced that it has received hundreds of millions of yuan B+ round of financing, by the east rich sea lead investor, B round investors Yonghua investment to continue with the vote, all current funds have been credited. In September this year, again, English just to complete the B round of financing.
Da Da English said that the main financing for market development, curriculum development and further enhance the teaching experience. English CEO Zhi Hui Da Da Da Da, in this year is the main reason of refinancing fixed teaching mode again, favored by the capital markets.
was founded in 2013 by English for da da, 5-16 years old children with 1 to 1 foreign teachers online course platform. And other foreign teachers live platform is different, adhere to the "School of English takh takh" rather than "platform" operation mode, namely providing children with matched fixed private education weekly time class, instead of every class by the parents choose the teacher. According to Dada English data, then using this model, the average school students most of a month has reached 12 class above.
in order to realize the operation, development of specialized English dada system for teachers and students of course arrangement. The algorithm based on background spaces, can the internal evaluation results according to the students’ affairs, teachers and students will be fast and accurate analysis and matching, and then put forward the scientific teaching a set of personalized solutions. This algorithm can deal with more complex "sporadic" daily events, seemingly simple end teachers and students leave, makeup, etc. at the request of "fixed up teachers" mode, puts forward a high demand for the accuracy and reliability of algorithm. The protection of technology has become the key to the operation of the school.
according to official figures, now English students pay 20 thousand yuan per capita, the average single purchase course for 1 years, nearly 98% students a week for active class, after class rate close to 100%, the renewal rate is 95%. At present, Da Da English has participants paid tens of thousands of people, hundreds of thousands of registered students. Students not only cover the mainland, there are many from Hong Kong, Macao, Taiwan, South Korea, Germany, Saudi Arabia, etc..
OFC senior partner Huang Guoqiang said that the choice of investment again, on the one hand is a great English, optimistic about youth development space in the field of online education, on the other hand, with the education of industrial upgrading, which can really solve the user pain points, have different functions and provide quality experience for the users of the products will stand > and