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§ Private Profile · Shanghai, Shanghai, China
EdTech company providing digital English language teaching products, curriculum, and AI-powered assessments for K-12 students in China.
Based in Shanghai, China, ALO7 Technology provides digital English language teaching products, interactive curricula, and online tutoring solutions for K-12 students. The company operates a business-to-business model by licensing its learning management platforms and artificial intelligence-powered adaptive assessments to regional training institutes and schools. Prior to regulatory changes in the Chinese education sector, the enterprise scaled its operations to support more than 15 million registered users and over 1,000 institutional partners with a workforce of approximately 300 employees. ALO7 Technology has secured over $50 million in total venture funding, including a $37.5 million Series D round, backed by prominent investors such as Legend Capital, IDG Capital, Qualcomm Ventures, and Vickers Venture Partners. Originally established under the name Saybot with early support from MIT Media Lab professor Nicholas Negroponte, the educational technology company was founded in 2004 by Pengkai Pan.
ALO7 Technology has raised $37.5M across 1 funding round.
ALO7 Technology has raised $37.5M in total across 1 funding round.
ALO7 Technology has raised $37.5M in total across 1 funding round.
ALO7 Technology's investors include Jiaqing Li, Guohe Capital, New Oriental, James Shen, UG Investment, Vickers Venture Partners.
ALO7 Technology has raised $37.5M across 1 funding round. Most recently, it raised $37.5M Series D in November 2017.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 29, 2017 | $37.5M Series D | Jiaqing LI | Guohe Capital, NEW Oriental, James Shen, UG Investment, Vickers Venture Partners | Announced |