Nautilus education completed 24 million A round of financing valued at 200 million

Phoenix Technology News

news April 15th, online education company Nautilus announced yesterday completed 24 million yuan A round of financing, gold’s capital lead investor, dark horse fund, capital, capital plum amphora with investment, the current valuation of about 200 million yuan. Nautilus education CEO Hu Yudong said, the Nautilus through three years of research and practice etc., have explored the operation mode and mode of their course. The trend of the future of learning is a combination of online and offline " blended learning " and, the Nautilus hopes to become a supplement line of education, focusing on online education research and innovation.

 

CEO Hu Yudong

education Nautilus

it is understood that the Nautilus was founded in 2010, is a remote virtual teaching technology solutions provider. In 2013 CEIBS 2 million 250 thousand yuan Angel round of financing; 2014 completed by the thick hold capital investment 10 million yuan pre-A round of financing; the complete 24 million A round of financing, plans to start the B round of financing in 2016 June.

Hu Yudong said that the positioning of the Nautilus k12 education, due to quality problems of teacher resource distribution lead to the unequal regional, economic and other factors, there is a long and serious problem. Online education had been proposed, although teachers can solve the resource allocation problem in a certain extent, but after all the self-control ability of the students, the classroom is no interaction, traditional online education still can not fundamentally solve the problem of teachers.

for the current profitability of the Nautilus, Hu Yudong said in an interview with Phoenix Technologies, the Nautilus profit mainly from two parts, respectively is the platform service fee and teaching service fees, from the current single campus level, Nautilus has been profitable, but from the perspective of the whole company, now is still at a loss, in 2017 is expected to achieve the company’s overall profitability.

talked about the future development goals, Hu Yudong said that in 2016 the goal is to reach 100 cooperative campuses, in the long run, is expected to be completed before the listing in 2019.

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