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Koala Reading
Koala Reading is a children's reading app platform
About Koala Reading
Koala Reading, registered as Beijing Xiangyue Education Technology Co., Ltd., was established in 2016 by founder Zhao Zichun. The company is headquartered in Beijing, China. It operates in the K-12 education market, providing a platform focused on developing Chinese reading skills for students. The business model centers on offering adaptive reading content tailored to each student's individual reading ability. For educators, the platform provides tools to assign and monitor reading tasks, integrating it into the classroom workflow.
The company secured a total of $20 million in funding over two rounds. The first round, a Series A, occurred on December 5, 2017, with participation from Qiming Venture Partners and GGV Capital. This was followed by a significant Series B round on August 10, 2018, which raised $20 million and was led by XVC and GGV Capital. This financial backing enabled the company to scale its operations and enhance its educational offerings.
A major milestone in the company's history was its acquisition by 51Talk on April 23, 2021. This event marked a significant exit for the ed-tech firm, integrating its specialized reading platform into a larger language education ecosystem. According to corporate registration data, the legal entity Beijing Xiangyue Education Technology Co., Ltd. is currently in a state of cancellation.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES BOther financing | Aug 2018 | $20M | $80M | CMC Capital · Qiming Venture Partners · Notable Capital · XVC | — |
| SERIES AOther financing | Aug 2018 | $12M | $48M | ZhenFund | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Koala Reading is 150 monthly website visits, down 11.8% over the last three months. Koala Reading's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
ZhenFund
Zero2IPO Ventures
Series A4 investors entered at this stage
Notable Capital
Qiming Venture Partners
XVC
CMC Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Koala Reading on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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