Magic Ear - About the company
Magic Ear is a series A company based in Beijing (China), founded in 2016 by Jin Lei. It operates as an Online instructor-led English language courses for kids. Magic Ear has raised $24.1M in funding from Hillhouse. The company has 3873 active competitors, including 136 funded and 61 that have exited. Its top competitors include companies like Duolingo, Open English and 51Talk.
Company Details
Online instructor-led English language courses for kids. It enables users to connect with native-speaking English tutors for live online coaching through the Internet. The courses include various concepts of the English language such as grammar, vocabulary, reading, writing, and conversation.
- Website
- magicears.com.cn
- Social
- Email ID
- *****@mmears.com
- Phone Number
- +86 **********
Key Metrics
Founded Year
2016
Location
Beijing, China
Stage
Series A
Total Funding
$24.1M in 2 rounds
Latest Funding Round
Ranked
171st among 3873 active competitors
Employee Count
324 as on Sep 30, 2026
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Magic Ear's funding and investors
Magic Ear has raised a total funding of $24.1M over 2 rounds. Its first funding round was on Aug 28, 2017. Its latest funding round was a Series A round on Jul 02, 2018 for $*****. 2 investors participated in its latest round. Magic Ear has 3 institutional investors.
Here is the list of recent funding rounds of Magic Ear:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 02, 2018 | 7029029 | Series A | 6744759 | 9678111 | 3621071 | 9052440 |
Aug 28, 2017 | 1884844 | Series A | 2394423 | 5724706 | 9404410 |
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Magic Ear's founders and board of directors
Founder? Claim ProfileThe founders of Magic Ear is Jin Lei.
Here are the details of Magic Ear's key team members:
- Jin Lei: Founder of Magic Ear. Contact Info: 1 email address
View details of Magic Ear's Founder profiles and Board Members
Magic Ear's employee count trend
Magic Ear has 324 employees as of Sep 26. Here is Magic Ear's employee count trend over the years:
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Magic Ear's Competitors and alternates
Top competitors of Magic Ear include Duolingo, Open English and 51Talk. Here is the list of Top 10 competitors of Magic Ear, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Duolingo 2011, Pittsburgh (United States), Public | Developer of mobile applications for learning various foreign language skills | $183M | 87/100 | |
2nd | Open English 2006, Miami (United States), Series D | Online English learning platform providing live classes and AI-powered tutoring | $121M | 78/100 | |
3rd | Online English learning platform | $90M | 76/100 | ||
4th | Provider of SaaS-based language learning solutions | $34.2M | 76/100 | ||
5th |  Rosetta Stone 1992, Arlington (United States), Acquired | Provider of speech-recognition based language learning software solution | $62M | 72/100 | |
6th |  NovaKid 2017, San Francisco (United States), Series B | Online tutoring platform providing English lessons to kids | $41.4M | 70/100 | |
7th |  SpeakBUDDY 2013, Chuo (Japan), Seed | AI-based English language learning solutions | $10.7M | 62/100 | |
8th |  YBM 1982, Seongnam-si (South Korea), Public | Mobile-based platform providing multiple language learning solutions | - | - | 61/100 |
9th | Provider of a test preparation platform | $9M | 60/100 | ||
10th |  Lingopanda 2021, Bengaluru (India), Seed | Developer of mobile applications for practicing foreign language speaking skills | $1.18M | 60/100 | |
171st | Online instructor-led English language courses for kids | $24.1M | 41/100 |
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Magic Ear's Investments and acquisitions
Magic Ear has made no investments or acquisitions yet.
Reports related to Magic Ear
Here is the latest report on Magic Ear's sector:
News related to Magic Ear
•
Pea Siwei C round financing of 180 million US dollars, led by SoftBank Vision FundPEdaily•Nov 05, 2020•VIPThink, SoftBank Vision Fund, Magic Ear
•
China-based English Tutoring Startup Raises $6M | EdSurge NewsEdSurge•Aug 28, 2017•Magic Ears, Magic Ear, Zhen Fund, Yuanfudao
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