About Koala Reading
Koala Reading is a company based in Beijing (China) founded in 2016 by Zhao Zichun was acquired by 51Talk in April 2021.. Koala Reading has raised $20 million across 2 funding rounds from investors including 51Talk, Qiming Venture Partners and CMC Capital. Koala Reading operates in a competitive market with competitors including Reading Plus, Lexia Learning, StudySync, Headsprout and CommonLit, among others.
- Headquarter Beijing, China
- Founders Zhao Zichun
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Sectors
Education
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Email
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Phone
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Website
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Funding Insights of Koala Reading
Koala Reading has successfully raised a total of $20M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in August 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $20.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2018 | Amount | Series B - Koala Reading | Valuation | XVC , GGV Capital | |
| Dec, 2017 | Amount | Series A - Koala Reading | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Koala Reading
Koala Reading has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include 51Talk, Qiming Venture Partners and CMC Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are directed toward multiple sectors.
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Early-stage tech investments are focused on by XVC in China.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Koala Reading
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Koala Reading
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Koala Reading Comparisons
Competitors of Koala Reading
Koala Reading operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Reading Plus, Lexia Learning, StudySync, Headsprout and CommonLit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Reading skills are developed for K-12 students through online intervention.
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| domain | founded_year | HQ Location |
Personalized learning and assessment for reading skills are offered.
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| domain | founded_year | HQ Location |
Web-based curriculum for English literacy and skills development is provided.
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| domain | founded_year | HQ Location |
Online adaptive reading proficiency solutions are provided for students.
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| domain | founded_year | HQ Location |
Curated reading materials are provided for literacy in grades 5-12.
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| domain | founded_year | HQ Location |
App-based reading proficiency solutions for students are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Koala Reading
Frequently Asked Questions about Koala Reading
When was Koala Reading founded?
Koala Reading was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Koala Reading located?
Koala Reading is headquartered in Beijing, China.
Who is the current CEO of Koala Reading?
Zhao Zichun is the current CEO of Koala Reading. They have also founded this company.
Is Koala Reading a funded company?
Koala Reading is a funded company, having raised a total of $20M across 2 funding rounds to date.
What does Koala Reading do?
Koala Reading was established in 2016 in Beijing, China, as an education technology platform. Chinese reading abilities for K-12 students are enhanced through adaptive content tailored to individual proficiency. Reading tasks are assigned by teachers, with progress monitored via the system. Operations center on digital tools for skill-building in the K-12 sector, supporting classroom integration.
Who are the top competitors of Koala Reading?
Koala Reading's top competitors include Spritz, Reading Plus and Lexia Learning.
Who are Koala Reading's investors?
Koala Reading has 5 investors. Key investors include 51Talk, Qiming Venture Partners, CMC Capital, XVC, and GGV Capital.