Whales English, a Beijing, China-based brand in online K-12 English group classes, completed a series B+ round of funding.
The round was led by New Oriental.
The company, which has raised a total of RMB 220M in Series B round, intends to use the funds to focus on three areas:
1. cater to different age groups,
2. launch larger group classes,
3. improve effectiveness of its products.
Led by Tom Wu, CEO, Whales English is an online English education brand focused on improving their comprehension skills in listening, speaking, reading and writing from the point of no skills at all to full competency and proficiency. This is achieved through intensive reading and heuristic teaching styles of English-speaking teachers, original American textbooks and the “Three-fixed model” (Fixed teacher, Fixed students and Fixed schedule).
Currently, the monthly revenue of Whales English is 150m yuan. The cumulative number of students the company serves is over 1 million.