Trending...
- Ascent Solar Technologies Enters Collaborative Agreement Notice with NASA to Advance Development of Thin-Film PV Power Beaming Capabilities: ASTI - 138
- Google AI Quietly Corrects the Record on Republic of Aquitaine's Legal Sovereignty - 124
- Hamvay-Lang and Lampone.hu Join Forces with AIMarketingugynokseg.hu to Elevate Hungarian Lifestyle Brands on the Global Stage
SINGAPORE & SAN MATEO, Calif.--(BUSINESS WIRE)--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.
LingoAce is transforming the way children learn Mandarin Chinese, the world's second most spoken language, by creating a fun, engaging education experience for students with tools that make it easy for parents to plan, schedule and monitor their children's learning. Today, LingoAce is reaching a global base across more than 100 countries and regions. According to the most recent study (2021) by the American Councils for International Education, Chinese is now the second most popular foreign language taught in Dual Immersion Programs in US public schools. The growing interest in language education and the rapid adoption of online learning through the COVID-19 pandemic has driven nearly 4000% growth in bookings for LingoAce since the end of 2019.
"At LingoAce we believe that the opportunity to learn a new language can unlock a world of possibilities for children," said Hugh Yao, CEO and Founder of LingoAce. "With the backing of our investors, we plan to continue to scale our platform to reach more audiences and ensure that more children across the globe will continue to have access to quality online educational experiences."
In addition to the financings, LingoAce is also announcing the hiring of long-time education technology industry veteran, Marshall Roslyn, as the company's CFO and Chief Strategy Officer. Marshall joined LingoAce earlier this summer after spending nearly a decade building and helping to lead the Education Technology & Services Investment Banking practice at Goldman Sachs, originally in San Francisco and most recently in Hong Kong as the firm's sector head in Asia. As part of the funding rounds, Abheek Anand, Managing Director at Sequoia India and Ian Chiu, Managing Director at Owl Ventures, will join the board of LingoAce. Dennis Yang, former CEO of Udemy, has joined as a member of the company's advisory board as well.
More on The Californer
"Combining academic rigour and best-in-class technology, LingoAce has built a dynamic global platform for kids to learn Mandarin Chinese and more. I'm excited to have joined Hugh and the team in their journey to shape the future of education," said Dennis Yang.
The new funding will be used to advance LingoAce's mission to make new language learning fun, immersive and interactive for children. It will also be used to grow the global team with significant hiring underway in the United States, Europe and Southeast Asia, to strengthen both curriculum and product development, and to scale sales and marketing support. In the United States, which is LingoAce's largest market, the company has plans to rapidly grow headcount and is actively hiring for positions across these functions.
While LingoAce has built its industry leadership on the back of its Mandarin Chinese offering, the company also plans to further develop new English language programs and explore other subjects to meet the continuing demand for education globally.
"The demand for virtual learning across the world has increased due to the pandemic, and LingoAce's strong curriculum, innovative digital content and platform, and talented team of teachers and executives have helped to drive impressive business growth and user acquisition during this time. As they look to expand beyond Mandarin Chinese and continue to scale globally, Sequoia Capital India is excited to deepen the partnership with Hugh Yao and his team," said Abheek Anand, Managing Director at Sequoia India.
LingoAce was founded by Hugh Yao, who left an established career in technology to disrupt traditional models of language education, with his young son as the first user. Today, LingoAce has a team of more than 4,000 professionally-certified teachers with international CTCSOL accreditation for Mandarin Chinese language teaching to global students. Based on a globally-accredited syllabus, these learning experiences are designed in-house by LingoAce's team of curriculum and education specialists, as well as multimedia, animation and gamification experts. After a lesson is conducted, machine-enabled technology is leveraged to assess the teaching quality, and to finetune the curriculum and learning experience. Live one-on-one and small-group classes with high-quality, trained teachers also provide learners with real-time feedback and interaction to deliver effective, efficient learning.
More on The Californer
About LingoAce
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.
LingoAce is actively hiring in all markets -- if interested, view all available positions at https://apply.workable.com/lingoace/?lng=en.
Contacts
Press
Sue Ann Sim
LingoAce
sueann.sim@pplingo.com
Candace Locklear
Mighty
lingoace@mightypr.com
+1-415-593-8360
LingoAce is transforming the way children learn Mandarin Chinese, the world's second most spoken language, by creating a fun, engaging education experience for students with tools that make it easy for parents to plan, schedule and monitor their children's learning. Today, LingoAce is reaching a global base across more than 100 countries and regions. According to the most recent study (2021) by the American Councils for International Education, Chinese is now the second most popular foreign language taught in Dual Immersion Programs in US public schools. The growing interest in language education and the rapid adoption of online learning through the COVID-19 pandemic has driven nearly 4000% growth in bookings for LingoAce since the end of 2019.
"At LingoAce we believe that the opportunity to learn a new language can unlock a world of possibilities for children," said Hugh Yao, CEO and Founder of LingoAce. "With the backing of our investors, we plan to continue to scale our platform to reach more audiences and ensure that more children across the globe will continue to have access to quality online educational experiences."
In addition to the financings, LingoAce is also announcing the hiring of long-time education technology industry veteran, Marshall Roslyn, as the company's CFO and Chief Strategy Officer. Marshall joined LingoAce earlier this summer after spending nearly a decade building and helping to lead the Education Technology & Services Investment Banking practice at Goldman Sachs, originally in San Francisco and most recently in Hong Kong as the firm's sector head in Asia. As part of the funding rounds, Abheek Anand, Managing Director at Sequoia India and Ian Chiu, Managing Director at Owl Ventures, will join the board of LingoAce. Dennis Yang, former CEO of Udemy, has joined as a member of the company's advisory board as well.
More on The Californer
- California: Governor Newsom announces appointments 7.2.25
- The Herbal Care, Led by Markel Bababekov, Becomes a Top Dispensary in NYC's Upper East Side
- Digital Watchdog Launches New myDW Cloud Services
- Governor Newsom honors fallen California Highway Patrol Officer Miguel Cano
- Stan Fitzgerald Appointed Acting Press Secretary for Veterans for America First VFAF Georgia State Chapter
"Combining academic rigour and best-in-class technology, LingoAce has built a dynamic global platform for kids to learn Mandarin Chinese and more. I'm excited to have joined Hugh and the team in their journey to shape the future of education," said Dennis Yang.
The new funding will be used to advance LingoAce's mission to make new language learning fun, immersive and interactive for children. It will also be used to grow the global team with significant hiring underway in the United States, Europe and Southeast Asia, to strengthen both curriculum and product development, and to scale sales and marketing support. In the United States, which is LingoAce's largest market, the company has plans to rapidly grow headcount and is actively hiring for positions across these functions.
While LingoAce has built its industry leadership on the back of its Mandarin Chinese offering, the company also plans to further develop new English language programs and explore other subjects to meet the continuing demand for education globally.
"The demand for virtual learning across the world has increased due to the pandemic, and LingoAce's strong curriculum, innovative digital content and platform, and talented team of teachers and executives have helped to drive impressive business growth and user acquisition during this time. As they look to expand beyond Mandarin Chinese and continue to scale globally, Sequoia Capital India is excited to deepen the partnership with Hugh Yao and his team," said Abheek Anand, Managing Director at Sequoia India.
LingoAce was founded by Hugh Yao, who left an established career in technology to disrupt traditional models of language education, with his young son as the first user. Today, LingoAce has a team of more than 4,000 professionally-certified teachers with international CTCSOL accreditation for Mandarin Chinese language teaching to global students. Based on a globally-accredited syllabus, these learning experiences are designed in-house by LingoAce's team of curriculum and education specialists, as well as multimedia, animation and gamification experts. After a lesson is conducted, machine-enabled technology is leveraged to assess the teaching quality, and to finetune the curriculum and learning experience. Live one-on-one and small-group classes with high-quality, trained teachers also provide learners with real-time feedback and interaction to deliver effective, efficient learning.
More on The Californer
- Drone Light Shows Emerge as the New Standard in Live Event Entertainment
- Lore Link is Here to Help Organize Your Game
- Governor Newsom marks historic expansion of California's Film and Television Tax Credit Program, announces 16 new projects to film in the Golden State
- Talar Guedikian Named Winner of 2025 AAJ Paralegal of the Year Award, Sponsored by Advocate Capital
- Chappaqua's Annual Townwide Summer Sale – Unbeatable Savings at Your Favorite Local Boutiques!
About LingoAce
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.
LingoAce is actively hiring in all markets -- if interested, view all available positions at https://apply.workable.com/lingoace/?lng=en.
Contacts
Press
Sue Ann Sim
LingoAce
sueann.sim@pplingo.com
Candace Locklear
Mighty
lingoace@mightypr.com
+1-415-593-8360
Filed Under: Business
0 Comments
Latest on The Californer
- Riser Music's LYKN Adds India, Mexico & U.s. Dates To "unleashed" World Tour
- Auraya Launches EVA Forensics on NICE CXexchange
- Crypto Corner Shop Launches Walletless Crypto Commerce Marketplace For Goods/Services Worldwide
- Immigrant Couple from Modesto Wins Prestigious Awards at the SF Wine and Spirits Competition
- Prolific Hollywood Actor Phillip E. Walker-MFA is Experiencing His Best Year of Employment Ever
- TOMORROW: Governor Newsom to announce $750 million tax credit for film and TV made in California
- California: National Guard firefighters finally back to work — but Trump's militarization of LA has pulled cops from the street and teachers out of classrooms
- Top Dentist Concord CA, Smile Makers Dental Care, Celebrates 500 5-Star Reviews
- Independent Financial Group Expands East Coast Recruiting Reach with the Hiring of Former Osaic Executive Bruce Levitus
- Talbot Law Group, P.C. Announces Super Lawyers® 2025 Honors for Matthew B. Talbot and Mark E. Miyasaki
- Bio-Inspired Technology-Dynamic and Adaptable for unknown real-world environments
- California: Governor Newsom challenges President Trump to adopt model executive order to help 'Make America Rake Again'
- Long Beach Airport Named Number Two Airport in Nation by The Washington Post
- Dedeaux Properties Begins Construction on Truck Terminal and Industrial Outdoor Storage Facility
- Michael Reafsnyder opens solo exhibition at Scott Richards Contemporary Art in San Francisco
- Valley Sleep Therapy Expands to Prescott with New Location at Crossings Road
- Live Courageously Hosts Ann-Marie Murrell, Author, Journalist, Former Political Commentator
- COSRX x Alfred Coffee Launch Skincare-Coffee Crossover
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc