1/22/2024 0 Comments Owl ventures lingo live![]() ![]() “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.” “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. 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. ![]() ![]() 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. Today, LingoAce is reaching a global base across more than 100 countries and regions. 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. With the new funding, LingoAce has raised $180 million in total funding to date. This comes less than a year after a previously undisclosed $55 million Series B round, led by Tiger Global and Owl Ventures. 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. 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. ![]()
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