Chalk education won $390 million. What is the reason?

On February 7th, 20021year, Beijing Chalk Blue Sky Technology Co., Ltd. (announced the completion of Series A financing of US$ 390 million. According to reports, this is the first public financing of Chalk Education since its establishment, led by IDG Capital and Intimate Capital, followed by CPE, Dehong Capital (DCP), Kunyu Runyuan, Huaxing New Economic Fund, Hony Capital and Hong Rui Investment.

Zhang Xiaolong, CEO of Chalk Education, said in an internal letter that the funds raised in this round of financing will continue to be used to build a top teacher team in the industry and expand the scale of teacher recruitment and training. At the same time, increase investment in teaching, scientific research and technology, and constantly innovate products and technologies. He also revealed that 0/5% of colleagues in the company/kloc-have options.

According to public information, Chalk Education was established on 20 15, mainly engaged in "Internet+Education" vocational training, with a total revenue of over 4 billion yuan in 2020.

In fact, at the end of the year and the beginning of the year, online education is staged a financing drama in which the head winner takes all. On February 24th, last year, 12, Ape tutor received $300 million in financing, and the accumulated financing amount has reached $3.5 billion. Subsequently, it was confirmed with the founder that $870 million of fixed income financing had been fully put in place. During this period, homework help announced the completion of the E+ round of financing of more than $65.438+06 billion; Good Future Education Group also announced a $3.3 billion private placement agreement with Silver Lake and Silver Lake.

In this regard, industry insiders said that in the environment of capital influx in 2020, the integration speed of the education industry will be accelerated, and some companies that cannot keep up with the development pace of 202 1 may lose the possibility of listing. By then, it will be a reasonable choice to be acquired, withdrawn or integrated.

The fourth challenge is the challenge of growth. Capital is naturally eager to increase in value, and it is precisely because of the expectation of growth that it has the pressure and motivation to promote the development of enterprises. But capital also has an irrational and greedy side. Zhang Xiaolong believes that we should be wary of creating unhealthy or false growth in order to satisfy short-term interests or satisfy capital's thirst for data. It will never become a tool for capital operation, but a bridge between financial capital and social capital.