Singapore-based learning app operator LingoAce bags $105 million in a Series C funding round
LingoAce, which was established in 2017, is a leading language learning platform that enables children aged 3 to 15 to learn Mandarin Chinese online through an interactive and enjoyable educational experience. It has a staff of in-house curriculum professionals who customise worldwide curricula following the education ministries of China and Singapore. On its website, the firm claims to have over 4,000 professionally qualified teachers who have taught classes to students from over 100 nations and regions. LingoAce recently announced that it has secured $105 million in a Series C funding round. The latest funding round was headed by Sequoia Capital India. According to the company officials, LingoAce plans to utilise the additional funds to expand its hiring in the United States, Europe, and Southeast Asia, as well as improve its curriculum and product. It also wants to branch out into English-language programming and look into other topics.