Participated · Series C · Sep 2020

Founded in 2016, 豌豆思维 offers online courses aimed at developing math thinking, attention, and study habits for children aged 3–8. The company was an early mover in online math-thinking curriculum development in its segment and initially ran an offline model that provided each student with a tablet. It incorporated the Super Wings IP (reported playback of 25 billion) into its courseware, which helped drive early parent adoption. After pivoting to an online model in 2018, 豌豆思维 scaled rapidly and became a leading player in the category. The company reported average monthly revenue month-over-month growth exceeding 100% after the online transition; in March it generated RMB 90 million in revenue and reached positive cash flow, with unit economics positive on first orders. The article does not disclose additional forward-looking strategic plans.

Participated · Series C · Jul 2019

Kaishu Jianggushi (Kaishu Story) is a Beijing-based online content provider that offers audio children's stories through its app and WeChat. The company provides both free and paid audio content and allows users to join group purchases of products including books, toys, and telescopes. Kaishu Jianggushi was founded in 2014 by Wang Kai, a former CCTV presenter. Financially, the firm recently closed a USD 66 million Series C+ round led by Trust Bridge Partners and joined by Singapore-based Temasek, with prior investor Loyal Valley Capital also contributing. That new investment came only months after the company closed a USD 50 million Series C round led by Baidu in July 2019. Kaishu Story is a Beijing-based podcast production studio founded in 2014 by Wang Kai that focuses on children's bedtime stories. The studio has produced more than 9,000 stories and attracted over 30 million listeners. Content on Kaishu Story's own app has been played more than 4 billion times and the average listener's daily playback time has reached 50 minutes. The company finished its last funding round in March 2018 with a valuation of RMB 1.6 billion (USD 232.6 million) after raising RMB 156 million (USD 22.68 million). It has closed a USD 50 million Series C led by Baidu, with New Oriental, TAL Education and Shanghai Kunyan Investment joining as co-investors. Baidu plans to tap the studio to introduce children's educational content across its apps and platforms, notably on its smart speaker system where it sold about 3.3 million units in Q1 2019.

Participated · Series D · Nov 2017

ALO7 offers English language learning products and services that connect students, teachers, parents and school administrators across smartphones, tablets and PCs. Its platform delivers AI-driven interactive materials, in-depth progress reports, an online learning platform and adaptive testing based on big data. The company provides primary-school digital courseware and the Genius English textbook series, and recently introduced Wise English for middle schools. Led by CEO Pengkai Pan and EVP Andrew Shewbart, ALO7 plans to hire a large number of technical engineers to accelerate a dual upgrade of its products and services. Founded in the United States in 2004 and operating in China, the company entered the K12 English education market in 2010 to focus on school-focused teaching products and services.

Participated · Series A · Jul 2017

Yami operates an online marketplace focused on Asian snacks, skincare and household products, carrying Japanese, Korean, Chinese and Southeast Asian brands. The site stocks well-known names such as Glico (Pocky) and Dr. Jart+. It reports about 2 million customers and carries more than 260,000 SKUs from over 4,000 brands. Founder and CEO Alex Zhou launched the company in 2013 after spending five years as an international student in Kansas. Yami is based in Brea, California and also operates a second headquarters in Xi'an, China. With new funding, the company plans to expand inventory, improve delivery times via a new East Coast warehouse and strengthen its supply chain technology. Yamibuy operates an e-commerce marketplace that sells Asian snacks, beauty products, health supplements and home appliances to American shoppers. The company offers more than 15,000 products and serves a registered customer base of 510,000, which the article notes is growing. Founded in 2013 by CEO Alex Zhou, Yamibuy is based in City of Industry, California. The business focuses on bringing a broad selection of Asian consumer goods to U.S. customers via its online platform. Management plans to use new funding to bring in more products and to improve the overall customer experience. The article does not disclose revenue or profit figures.