English teaching service VIPKID raises $200M and reportedly hits a $1.5B valuation

VIPKID, an online English teaching tool, announced today that it has raised $200 million in financing. That financing round values the company at $1.5 billion, according to a report by Bloomberg.

That wouldn’t just give VIPKID unicorn status — it also exposes a huge amount of demand there is in China and other countries as a tool to learn English from English speakers. VIPKID had raised $100 million in financing in August last year and already seemed to have quite a bit of momentum at the time. This financing round was led by Sequoia Capital, including a strategic investment from Tencent.

VIPKID is a play that taps into the growing need for training in English in China. While that’s the sweet spot for VIPKID right now, a service like this has natural applications in other…

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