When was Koala Reading founded?

Koala Reading was founded in 2016 and raised its 1st funding round 1 year after it was founded.

Where is Koala Reading located?

Koala Reading is headquartered in Beijing, China.

Who is the current CEO of Koala Reading?

Zhao Zichun of Koala Reading. They have also founded 1 company.

How many employees does Koala Reading have?

As of Aug 31, 2026, the latest employee count at Koala Reading is 12.

Is Koala Reading a funded company?

Koala Reading is a funded company, having raised a total of $20M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Dec 05, 2017.

When was the latest funding round of Koala Reading?

Koala Reading's latest funding was a $***** Series B round on Aug 10, 2018, with participation from 4 investors.

Where does Koala Reading rank among its competitors?

Koala Reading ranks 12th amongst 125 active competitors, of which 9 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Really Great Reading, which secured an undisclosed amount in Feb, 2023.

Who are the top competitors of Koala Reading?

Koala Reading's top competitors include Achieve3000, CommonLit and Elefante Letrado. Among them, Really Great Reading secured the most recent funding round in February, 2023.

Koala Reading - 2026 Company Profile, Team, Funding & Competitors

Koala Reading is an acquired company based in Beijing (China), founded in 2016 by Zhao Zichun. It operates as a Platform for development of reading skill for K-12. Koala Reading has raised $20M in funding from Granite Asia and XVC. The company has 125 active competitors, including 9 funded and 19 that have exited. Its top competitors include companies like Achieve3000, CommonLit and Elefante Letrado.

Company Details

Koalareading offers a platform for the development of Chinese reading skill for K-12 students. Provides students with adaptive reading content based on the reading ability. Allows teachers to assign and inspect reading tasks.

Website: koalareading.com
Email ID: *****@koalareading.com
Phone Number: +86 **********

Key Metrics

Founded Year

2016

Location

Beijing, China

Stage

Acquired

Total Funding

$20M in 2 rounds

Latest Funding Round

Series B, Aug 10, 2018, $*****

Investors

Granite Asia & 5 more

Ranked

12^th among 125 active competitors

Employee Count

12 as on Aug 31, 2026

Similar Companies

Achieve3000 & 41 more

Exit Details

Acquired by 51Talk (Apr 23, 2021)

View Koala Reading's full profile

Koala Reading got acquired by 51Talk on Apr 23, 2021.

Click here to take a look at Koala Reading's acquisition in detail

Koala Reading has raised a total funding of $20M over 2 rounds. Its first funding round was on Dec 05, 2017. Its latest funding round was a Series B round on Aug 10, 2018 for $*****. 4 investors participated in its latest round. Koala Reading has 6 institutional investors.

Here is the list of recent funding rounds of Koala Reading:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 10, 2018	2332413	Series B	4537576	1745613	8994158	2990345
Dec 05, 2017	4321027	Series A	5189207	3527540	8331983	Qiming Venture Partners & 1 more

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View details of Koala Reading's funding rounds and investors

The founders of Koala Reading is Zhao Zichun. Zhao Zichun is the CEO of Koala Reading.

Here are the details of Koala Reading's key team members:

Zhao Zichun: Founder & CEO of Koala Reading.

View details of Koala Reading's Founder profiles and Board Members

Koala Reading's employee count trend

Koala Reading has 12 employees as of Aug 26. Here is Koala Reading's employee count trend over the years:

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Top competitors of Koala Reading include Achieve3000, CommonLit and Elefante Letrado. Here is the list of Top 10 competitors of Koala Reading, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Achieve3000 2000, Lakewood (United States), Acquired	Provider of app-based adaptive reading proficiency solutions for students	$13.6M	http://njtcventurefund.com/, NJTC Venture Fund ... & 5 others	59/100
2nd	CommonLit 2014, Washington, DC (United States), Series A	ELA curriculum and resources empowering teachers to drive student literacy	$4M	AT&T, Teach For America & 7 others	51/100
3rd	Elefante Letrado 2013, Porto Alegre (Brazil), Unfunded	Provider of app-based online reading proficiency solutions for schools to teach students	-	-	48/100
4th	Really Great Reading 2005, Cabin John (United States), Late Stage	Online platform providing learning solutions for teachers	-	The Vistria Group, VSS & 1 others	47/100
5th	Spritz 2012, Salt Lake City (United States), Seed	Provider of app-based reading proficiency solutions for students	$4.38M	-	46/100
6th	Árvore 2014, Rio de Janeiro (Brazil), Funding Raised	Provider of digital reading platform for schools and educational institutions	-	Unreasonable, Imaginable Futures & 1 others	45/100
7th	Reading Horizons 1984, Kaysville (United States), Unfunded	Provider of curriculum for schools for teaching students to read	-	-	45/100
8th	StudySync 2008, San Francisco (United States), Acquired	Blended English language learning platform	$2.54M	Learn Capital	45/100
9th	Lalilo 2016, San Francisco (United States), Acquired	Literacy web-based app for K-2 teachers	$7.41M	Citizen Capital, Kima Ventures & 10 others	44/100
10th	LightSail 2012, New York City (United States), Acquired	Adaptive literacy platform fostering reading growth with personalized learning experiences	$25.7M	Viceroy Ventures, New Ground Ventures & 9 others	43/100
12th	Koala Reading 2016, Beijing (China), Acquired	Platform for development of reading skill for K-12	$20M	CMC Capital, Qiming Venture Partners & 4 others	42/100