LingoAce, a language application platform, has raised $105M in a Series C round that drew participation from Owl Ventures, SWC Ventures, Sequoia Capital India, and Shunwei Capital Partners. It has also raised a Series B round that drew participation from Owl Ventures and Tiger Global Management.

HOW’S THE COMPANY PERFORMING?

  • Singapore-based LingoAce provides online Mandarin courses to children aged 6-15.
  • It caters to students across more than 100 countries and regions and has delivered more than 2M hours of instruction this year.
  • Over 4,000 certified teachers offer language courses via its platform.
  • Bookings on the platform have increased by 4,000% since the end of 2019, due in part to the pandemic-driven adoption of online instruction.
  • It maintains offices across several cities in China, Southeast Asia, and the US.
  • Its employee headcount sits at 1,300.

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The post LingoAce Raises $105M From Sequoia Capital India To Take On VIPKid’s LingoBus Service That Teaches Mandarin To Children appeared first on CB Insights Research.

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