About
The company started the round with $9M funding in late March and closed the round early June with a total amount of $18M, the second largest Series A funding amount in the history of English education startups. Ringle's revenue has grown three times every year since its founding and currently the company has over 700 manually vetted tutors and 100,000 users, 30% of whom are based outside of Korea. , Ringle provides one-on-one video English lessons with native-speaking tutors from prestigious universities in English speaking countries. In collaboration with KAIST (Korea Advanced institute of Science & Technology)'s HCI (human computer interaction) research team, Ringle is developing a language diagnostics system that measures and tracks student's Complexity, Accuracy, and Fluency in English speaking. Co-founders Seunghoon Lee and Sungpah Lee started Ringle to solve a problem they faced as non-native English speakers studying in the U.S. Ringle will provide not only the best English education with premium content and AI-based learning platform but grow into a global Edtech company that connects top talents from around the world," said a representative from Must Asset Management. The company is valued at $90 million (KRW 100 billion). "We believe Ringle is well-positioned for tremendous growth.
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