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Lingoace Raises $160 Million In New Funding Amidst Rapid Global Expansion

Dec 03, 2021•over 3 years ago

Amount Raised

$160 Million

Description

LingoAce, a Singapore-based global education technology company and leading Mandarin Chinese language learning platform, today announced it has raised $160 million in new funding this year. Today, the company closed on a $105 million in Series C funding round, led by Sequoia Capital India, with participation from Owl Ventures, Shunwei Capital and SWC Global. This comes less than a year after a previously undisclosed $55 million Series B round, led by Tiger Global and Owl Ventures. With the new funding, LingoAce has raised $180 million in total funding to date.

Company Information

Company

Lingo Ace

About

Established in 2017, LingoAce is a Singapore-based global education technology company and leading Mandarin Chinese language learning platform, offering an immersive language learning experience tailored to meet the needs of learners aged three to 15 years old, across a range of language proficiency levels and diverse cultural backgrounds. A committed partner to both young learners and their parents, LingoAce harnesses the capabilities of passionate teachers along with research-backed digital content, featuring animation, gamification and AI, to effectively deliver authentic and interactive online Chinese language lessons. With offices in the U.S., Southeast Asia and China, LingoAce serves students across 100 countries and regions. By nurturing the next generation of confident multi-lingual communicators, LingoAce aims to broaden their horizons and unlock future opportunities for these students. More information can be found at www.lingoace.com.

Funding Insights

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