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Afanti

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Developer of mobile based application for learning in China

Dongcheng District, ChinaFounded 2000Edtech
Valuation $100–500M Latest valuation · 2015
Total funding $50–100M Disclosed equity funding
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About Afanti

Based in Beijing, Afanti operates within China's competitive educational technology sector, providing a suite of digital learning tools for primary and middle school students. The company was established in 2014 and has since secured significant venture capital backing, including a notable $60 million Series B round in December 2015, with total funding reaching $78 million from investors such as Shenzhen Capital Group and Plum Ventures.

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Afanti's business model centers on a mobile-based learning platform that functions as a comprehensive educational resource. The company's core offering is a mobile application that delivers real-time assistance and answers for homework questions, which serves a user base of over 60 million students. This service acts as a gateway to its monetized products. Revenue is generated through several streams, including premium one-on-one online tutoring sessions, AI-driven courses featuring top-tier educators, and a network of physical smart learning centers. Furthermore, Afanti engages in B2B operations by providing its educational platform, technology, and teaching resources to other institutions through a dual-teacher ERP system.

The company's service is built upon a foundation of artificial intelligence and big data analytics. A key technological component is a personalized learning system designed to work with traditional paper-based homework. Students use a special smart pen to complete their assignments on paper; the pen captures their work in real-time and uploads it to the cloud. The system then employs OCR and handwriting recognition to analyze the student's work, identify areas of difficulty, and automatically generate personalized guidance and supplementary exercises. This approach allows for the collection of detailed learning data without disrupting established study habits, positioning the company at the intersection of traditional and digital education.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2000
Headquarters
Dongcheng District, China
Open positions
None listed
Dealroom signal
20.7/100
Industry
Gaming, Education
Sub-industry
Learning Tools and Resources, Console & PC Gaming
Sector
Edtech, Game Development, Studio, Freemium, K-12, Quizzes and Gaming Platforms
Client focus
b2c
Links
Website

Latest news

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Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing Dec 2015 $60M $240M Shenzhen Capital Group
SERIES AOther financing Jul 2014 $18M $72M Undisclosed
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Growth signals

Afanti website traffic

Latest recorded traffic for Afanti is 3.9K monthly website visits.

Latest monthly visits3.9K
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Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

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Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇳 China · Dongcheng District HQ
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Market sentiment

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