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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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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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 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 |
| Investor | Description | 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Riiid
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
| 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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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Riiid
Frequently Asked Questions about Riiid
When was Riiid founded?
Riiid was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Riiid located?
Riiid is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Who is the current CEO of Riiid?
Young Jun Jang is the current CEO of Riiid. They have also founded this company.
Is Riiid a funded 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.
What does Riiid do?
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.
Who are the top competitors of Riiid?
Riiid's top competitors include PREP, Riiid Labs and TossUp.
How many acquisitions has Riiid made?
Riiid has made 3 acquisitions, including Langoo Net, Langoo OOO, and Qualson.
Who are Riiid's investors?
Riiid has 15 investors. Key investors include Korean Development Bank, Korea Investment Holdings, SoftBank Vision Fund, DSC Investment, and Company K Partners.