Barely six months after securing US$7 million Series A from Xiaomi founder Lei Jun’s Shunwei Capital, Singapore-headquartered online language learning platform LingoAce has landed US$6 million in Series A-plus, led by Sequoia India.
Shunwei also returned to be part of the new round.
The fresh funds will be used to accelerate the edutech startup’s expansion in Southeast Asia, enhance its technology capabilities and recruit talent. It will be setting up operations in Jakarta (Indonesia) and Bangkok (Thailand) to meet the growing demands of language learning in the region.
Founded in 2017, LingoAce is a personalised and interactive learning platform. Its team of in-house curriculum specialists tailor globally-accredited syllabus offered by China and Singapore’s education ministry, catering to the students’ individual learning goals and even cultural backgrounds.
Targeted at students aged four to 15 years, the platform enables its stringently selected professional Chinese teachers to deliver lesson plans real-time across physical borders in one-to-one and small group classes.
Leveraging multimedia, gamification features and AI-powered tools based on research-backed methodologies for effective Chinese learning, the platform is able to engage young learners and develop their self-interest for the language.
To date, LingoAce has delivered lessons to more than 100,000 registered students across 80 countries. It has more than 2,000 certified teachers and 420 employees globally.
LingoAce also has offices in Beijing, Wuhan and Los Angeles, besides Singapore.
Hugh Yao, Founder and CEO of LingoAce, said: “These funds come at an opportune time as we expand to meet rising demand in the region amidst the current pandemic. We see tremendous opportunities to continue developing our online Chinese learning platform as well as growing our footprint, while streamlining our growth and setting up our additional education research centre in Singapore. These will further propel LingoAce towards its aim of becoming the leading online Mandarin classroom for our global students.”
South Africa Today
Read more at VolaNews
