About Riiid
Riiid is a company based in Mountain View (United States) founded in 2014 by Young Jun Jang, Jaewe Heo, and MinSung Noh. Riiid has raised $247.26 million across 5 funding rounds from investors including Korean Development Bank, Korea Investment Holdings and SoftBank Vision Fund. Riiid has completed 3 acquisitions, including Langoo Net, Langoo OOO and Qualson. Riiid operates in a competitive market with competitors including PREP, Riiid Labs, TossUp and TOEFL Speaking, among others.
- Total Equity Funding$247.26M (USD)
in 5 rounds
- Latest Funding Round$175M (USD), Series D
May 2021
- InvestorsKorean Development Bank
& 14 more
- Investments & AcquisitionsLangoo Net
& 2 more
Funding Insights of Riiid
Riiid has successfully raised a total of $247.26M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $175 million completed in May 2021. 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 $247.26M
- Total Rounds 5
- Last Round Series D — $175M
- First Round $1.7M
(Jan 2016)
- Investors Count 15
All 5 funding rounds of Riiid with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2021 | $175M | Series D | – | SoftBank Vision Fund | – |
| Jul 2020 | $41.8M | Series C | – | Korean Development Bank, InterVest | |
| Jun 2019 | $18M | Series C | – | Premier Partners, DSC Investment | – |
| Apr 2018 | $10.76M | Series B | – | Company K Partners, Partners Investment | – |
| Jan 2016 | $1.7M | Series A | – | DSC Investment, Shinhan Capital |
15 investors in total: 15 institutional.
Investors in Riiid
Riiid has secured backing from 15 investors, including venture fund and institutional investors. Prominent investors backing the company include Korean Development Bank, Korea Investment Holdings and SoftBank Vision Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology and startups. | 2016 | visionfund.com | London, United Kingdom | |
Growth stage companies are targeted for private equity investments. | – | imm.co.kr | Gangnam, South Korea | |
Early-stage venture capital is provided by Korean firm InterVest. | – | intervest.co.kr | Seoul, South Korea | |
Private equity & venture capital firm | – | premierpartners.co.kr | Seoul, South Korea | |
Early-stage venture capital is invested primarily in South Korean startups. | 2012 | dscinvestment.com | Seoul, South Korea | |
Multiple sectors are targeted by Alpen Route's private equity investments. | – | alpenroute.com | Seoul, South Korea | |
Venture capital firm investing in tech startups | 2006 | kpartners.co.kr | Seoul, South Korea | |
PE firm investing in South Korea and the US | – | partnersi.co.kr | Seoul, South Korea | |
Multiple sectors are invested in by NP Equity Partners. | – | npequitypartners.com | Seoul, South Korea | |
Venture capital funding is provided to companies making positive impacts. | – | esinvestor.com | Seoul, South Korea |
Investor details for Riiid
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Riiid
5 people are tracked at Riiid (4 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Young Jun Jang | Co-Founder & CEO | Leadership |
Jaewe Heo | Co-Founder | Leadership |
MinSung Noh | Co-Founder | Leadership |
Jung Hwan Lee | Chief Financial Officer | Leadership |
희수 성 | Devops Lead | Team |
Complete people profiles for Riiid
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Investments & Acquisitions by Riiid
Riiid has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Langoo Net, Langoo OOO and Qualson.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Mobile-based English learning services are offered to corporate users. | qualson.com | Seoul, South Korea | 2012 | Dec 2023 | •••• | |
Online platform providing English language courses | langoo.ooo | Minato, Japan | 2018 | Oct 2021 | •••• | |
A physical activity tracking app with diet monitoring is provided. | langoo.net | Flint, United States | 2005 | Oct 2021 | •••• |
Complete acquisition details for Riiid
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Riiid
6 dated milestones of Riiid across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Riiid is founded.
- Funding First funding round of $1.7M.
- Funding Latest funding round, Series D, of $175.0M.
- Acquisition Acquires Langoo Net.
- Acquisition Acquires Langoo OOO.
- Acquisition Acquires Qualson.
Competitors of Riiid
Riiid 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 PREP, Riiid Labs, TossUp and TOEFL Speaking, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| prepedu.com | 2020 | Hanoi, Vietnam | $8M | – | Provider of a test preparation platform | |
| riiidlabs.com | 2020 | Mountain View, United States | – | – | Provides AI-based platforms for educational learning solutions. | |
| tosup.kr | 2019 | Seoul, South Korea | – | – | Offers a mobile and AI-based platform for language proficiency exam preparation. | |
| toefl-speaking.com | 2014 | Los Angeles, United States | – | – | A platform offering comprehensive preparation solutions for the TOEFL test. |
Detailed competitors of Riiid
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- Full competitor set
- Operating metrics
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- Competitive positioning
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Web traffic of Riiid
The website of Riiid (riiid.com) receives about 4.2K visits a month.
- Monthly visits4.2K
▲ 38.6% vs previous month
Websites whose visitors overlap most with Riiid. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
innoforest.co.kr | innoforest.co.kr | 100% | – | #204,484 | – |
| jobplanet.co.kr | 80% | 4.8M | #10,514 | View details |
Latest news on Riiid
Complete news archive for Riiid
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Riiid
10 companies that operate in the same segment as Riiid (Test Preparation Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online educational resources and test preparation for exams are provided. | 2016 | Noida, Uttar Pradesh, India | USD 311.77 M | USD 415.66 M | 10,293 | |
An online platform for competitive exam preparation is provided. | 2016 | Gurugram, Haryana, India | USD 64.98 M | USD 15.59 M | – | |
Mobile and cloud-based resources for medical exams are delivered. | 2012 | Berlin, Berlin, Germany | USD 291.94 M | – | – | |
Mobile and SaaS-based platform providing e-learning and test preparation platform for students | 2013 | Mumbai, Maharashtra, India | USD 116.06 M | USD 12.77 M | – | |
Live interactive K-12 tutoring platform is provided online. | 2011 | Bengaluru, Karnataka, India | USD 337.13 M | USD 23.27 M | 1,181 | |
On-demand one-to-one tutoring is connected between students and tutors. | 2020 | Lewes, Delaware, United States | USD 23.26 M | USD 772.99 K | 126 | |
Testbook is recognized as a leading platform for government exam preparation in India. | 2014 | Gurugram, Haryana, India | USD 13.85 M | USD 3.34 M | 861 | |
Digital educational content and learning platform for students is provided. | 2019 | Dhaka, Bangladesh | USD 6.2 M | – | – | |
Live online tutoring and test prep platform is operated. | 2007 | St. Louis, Missouri, United States | USD 107 M | – | – | |
Online educational resources and courses for exam preparation are provided. | 2015 | Bengaluru, Karnataka, India | USD 880.17 M | USD 125.57 M | 1,440 |
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Frequently Asked Questions about Riiid
Riiid was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Riiid is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Young Jun Jang is the current CEO of Riiid. They have also founded this company.
Riiid is a funded company, having raised a total of $247.26M across 5 funding rounds to date. The company's 1st funding round was a Series A of $1.7M, raised on Jan 2016.
Riiid was founded in 2014 and is headquartered in Mountain View, United States. An AI-based platform is operated by the company within the education technology sector. Instructor-focused IT solutions are delivered, encompassing content management, assessment management, student engagement prediction, and related functionalities. Operations support educational institutions through these tools, with a focus on data-driven improvements in learning environments.
Riiid's top competitors include PREP, Riiid Labs and TossUp.
Riiid has made 3 acquisitions, including Langoo Net, Langoo OOO, and Qualson.
Riiid has 15 investors. Key investors include Korean Development Bank, Korea Investment Holdings, SoftBank Vision Fund, DSC Investment, and Company K Partners.