Zhangmen 1-on-1 officially announced that it has received US$350 million in E-1 round of financing, setting a record for the largest financing in the K12 vertical track

According to Leifeng.com, on February 18, Zhangmen 1-on-1 founder and CEO Zhang Yi officially announced at the annual meeting that Zhangmen 1-on-1 completed a US$350 million E-1 round of financing, jointly invested by CMC Capital, CICC Jiazi, and China Investment Corporation Overseas Direct Investment Co., Ltd., and followed by a well-known international organization, sofina, Haitong International, Yuansheng Capital and other institutions.

It is reported that this is the largest amount of financing in the K12 online one-on-one all-subject tutoring track to date, and it is also the largest financing in the entire education industry since the beginning of 2019.

The following is the complete financing record of Zhangmen, sorted by Leifeng.com:

Zhangmen 1-on-1 is committed to providing high-quality online one-on-one customized education services for primary and secondary school students aged 4-18, which includes full-subject education and comprehensive quality education. It is reported that Zhangmen 1-on-1 currently has a vertical market share of nearly 60%.

Regarding the purpose of this round of financing, Zhang Yi, founder and CEO of Zhangmen 1-on-1, gave an explanation.

On the one hand, Zhangmen 1-on-1 will continue to deepen its presence in the field of K12 online 1-on-1 tutoring, and invest special funds in technology, teaching research and products. Based on massive data accumulation and deep learning GPU clusters, Zhangmen 1-on-1 is constantly upgrading and optimizing the 3.0 intelligent learning system, using a series of technologies such as computer vision, voice interaction, natural language understanding, and data intelligence to step up the intelligent empowerment of teaching scenarios.

In terms of teaching and research, Zhangmen 1-on-1's team of more than 10,000 people will further expand the depth and breadth of localized teaching and research, and continuously refine knowledge points and learning and examination information. As teaching and research covers more regions across the country, Zhangmen 1-on-1's educational products will continue to sink to more second-tier and lower cities, and play an important role in the Lighthouse Public Welfare Program.

On the other hand, Zhangmen 1-on-1 will focus on the field of quality education and create a learning system that complements comprehensive tutoring and quality education. At the end of last year, Zhangmen 1-on-1 launched an art education brand, Zhangmen Pei Lian, to address the piano practice problems of 4-14 year old teenagers. Currently, Zhangmen Pei Lian has launched 1-on-1 customized accompaniment courses for piano and violin.

At the same time, Zhangmen Peilian is exploring the deep integration of AI technology and tutoring courses, in order to further improve the response speed and accuracy of intelligent judgment. Zhang Yi once said that quality education has gradually become a "rigid need", and every child needs quality education to stimulate their potential and cultivate their sentiments. In the future, he hopes that Zhangmen 1 to 1 can achieve a 1:1 ratio between quality education and subject tutoring.

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