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In November 2019, a total of 45 financing incidents occurred in the education industry, with total financing exceeding 2 billion. The largest financing was a strategic investment of US $ 150 million from Shanghai Capital, which was obtained by the subsidiary of NetDragon.

(Note: In accordance with the usual practice, the amount of financing has not been disclosed. In order to facilitate the statistics, we calculate the amount according to the rules of taking intermediate values- For millions of financing, 3 million will be used for calculation; for tens of millions of financing, 30 million will be used for calculation; in addition, for the sake of conservativeness, we will use 6 million for nearly 10 million financing, and for nearly 10 million US dollars, use 6 million US dollars, or 36 million RMB. Calculated; 10 million refers to 10 million; nearly 100 million refers to 60 million; 100 million refers to 100 million. Attached: Financing time is calculated based on media disclosure time.

01 Financing Round

From the data point of view, the equity financing accounted for 35.5% of the 16 financing rounds in November, ranking first in the financing round. Round A and Angel Round ranked second and third with 7 and 5 respectively.

It is worth noting that during the financing round in November, the proportion of early financing continued to decline. Compared with the proportion of early financing of 70% in September and 50% in October, the proportion of early financing in November fell to 40. %.

02 geographical distribution

Regarding the geographical distribution, the geographical distribution of financing in November was still dominated by the three cities in the north, Shanghai, and Guangzhou, which were basically the same as in October. However, the geographical distribution of financing has expanded, from only 7 cities in October to 12 cities in November.

Among them, the three cities of Beijing, Shanghai, Guangzhou and Guangzhou occupy 60% of the entire financing area, compared with 83% in October. Beijing ranked first with 12 cases and Guangdong followed with 10 cases. There were 5 financings in Shanghai and 4 financings in Jiangsu, ranking third and fourth respectively. In addition, Hong Kong, Zhejiang, Shaanxi, Sichuan, Hunan and Fujian each had 2 financings, and Anhui and Tianjin each had 1 financing.

03 Financing Volume

In November, the number of financing events was 4 in the million-level volume, accounting for 9%; there were 10 in the tens of millions, accounting for 22%; There were 8 cases, accounting for 18%. Compared with the number of events in October, the number of financing events in November increased by 21, nearly doubling. The total financing amount is more than 2 billion yuan, which has nearly doubled from less than 800 million yuan in October.

The number of undisclosed financing events reached 23, of which 15 were equity financing.

There are 8 financings of 100 million yuan, of which the largest financing is the US $ 150 million strategic financing obtained by NetDragon Education’s subsidiary. (900 million yuan) , followed by the 400 million RMB Series C financing obtained by the programming cat.

04Segmentation

In the segmentation in November, K12 financing amount and quantity led the whole track, ranking first in the segmentation with 13 cases ; STEAM ranked second in the amount with 12 cases , Corporate services ranked third with an amount of 10.