Francisco-based edtech startup ClassDojo closes $125M D round led by Tencent
San Francisco-based edtech startup ClassDojo announces today it has secured $125 million in a Series D round of financing led by Tencent. After this round, the company has been valued at $1.25 billion and achieved the Unicorn Status.
The latest round was raised in September, but was not announced at that time. Founded in 2011, the company has now raised more than $190 million, per Crunchbase.
According to the company, the capital injection will be used to enhance its software environment beyond the classroom. Specifically, it plans to expand its virtual space to at least half of the 51 million kids in active ClassDojo classrooms.
Earlier this year, ClassDojo acquired Prendea, a Y Combinator alumni company focused on Latin America, for an undisclosed amount.
JMDedu is a leading B2B EdTech Media in China that informs and connects business professionals through our reports, events, and information services. Our mission is to drive the advancement of education. Our network spans the education industry in China as well as globally, including entrepreneurs, investors, startups, educators, business decision-makers, and policy decision-makers.
