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.
- Headquarter Mountain View, United States
- Founders Young Jun Jang, Jaewe Heo, MinSung Noh
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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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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$247.26 M (USD)
in 5 rounds
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Latest Funding Round
$175 M (USD), Series D
May 24, 2021
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Investors
Korean Development Bank
& 14 more
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Employee Count
Employee Count
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Investments & Acquisitions
Langoo Net
& 2 more
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People of Riiid
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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 Total Funding
- Total Rounds 5
- Last Round Series D — $175.0M
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First Round
First Round
(25 Jan 2016)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series D - Riiid | Valuation | SoftBank Vision Fund |
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| Jul, 2020 | Amount | Series C - Riiid | Valuation | Korean Development Bank , InterVest | |
| Jun, 2019 | Amount | Series C - Riiid | Valuation | Premier Partners , DSC Investment |
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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 |
|---|---|---|---|---|
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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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Growth stage companies are targeted for private equity investments.
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided by Korean firm InterVest.
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Founded Year | Domain | Location |
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 Year | Amount |
|---|---|---|---|---|---|
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Online platform providing English language courses
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2018 | ||||
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Mobile-based English learning services are offered to corporate users.
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2012 | ||||
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A physical activity tracking app with diet monitoring is provided.
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2005 |
Financial Statements - Riiid
Riiid Comparisons
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 year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of a test preparation platform
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| domain | founded_year | HQ Location |
Provides AI-based platforms for educational learning solutions.
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| domain | founded_year | HQ Location |
Offers a mobile and AI-based platform for language proficiency exam preparation.
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| domain | founded_year | HQ Location |
A platform offering comprehensive preparation solutions for the TOEFL test.
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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 C of $18M, raised on Jan 25, 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.