LingoAce Funding, Investors & Competitors

LingoAce has raised $180M across 5 funding rounds, most recently a $105M Series C in December 2021.

Last LingoAce funding round

$105M

Series C · Dec 2021

Cumulative funding LingoAce raised

$180M

across 5 funding rounds

Key investors in LingoAce

  • Shunwei Capital
  • Peak XV Partners
  • Owl Ventures
  • Tiger Global
  • Decent Capital
  • SWC Global

LingoAce Overview

About LingoAce

LingoAce is a Singapore-based education technology company operating a virtual platform for online Mandarin Chinese lessons for children, with a curriculum built around gamified, immersive lessons and tools for parents to track progress. It has expanded beyond language learning into English and other subjects, reaching students in more than 100 countries with the United States as its largest market.


Founded

2017

HQ

SingaporeSingapore

Status

Privately held

Customer focus

B2C

Revenue model

Subscription

LingoAce Funding History

LingoAce has raised a total of $180M across 5 funding rounds.

LingoAce's first fundraising round was a $3M seed round in November 2019. The most recent completed round was a $105M Series C in December 2021.

LingoAce funding rounds

LingoAce funding rounds
DateStageInvestorsRaisedDeal Summary
Dec 2021Series CPeak XV Partners (lead); Shunwei Capital; SWC Global; Owl Ventures$105MLingoAce raised $105 million in its Series C funding round on December 3, 2021, led by Peak XV Partners alongside investors Owl Ventures, SWC Ventures, and Shunwei Capital. This was the company's fourth major funding round, with total capital raised reaching $176 million across six rounds by that date.
Apr 2021Series BOwl Ventures (lead); Tiger Global (lead)$58MLingoAce is a Singapore-based global education technology company and leading platform for online Mandarin Chinese language learning for children, transforming education with engaging, immersive experiences across more than 100 countries, with the US as its largest market. The company operates a virtual learning platform with strong curriculum, innovative digital content, and tools for parents to monitor progress, now expanding into English programs and other subjects. In 2021, LingoAce raised significant funding, including a previously undisclosed $55 million Series B round led by Tiger Global and Owl Ventures around early 2021, followed by a $105 million Series C in December 2021 led by Sequoia Capital India (Peak XV Partners) with participation from Owl Ventures, Shunwei Capital, and SWC Global, bringing total funding to $180 million. One source lists a $58 million round on April 2, 2021, with the same lead investors Owl Ventures and Tiger Global, potentially aligning with the Series B. The funds supported global team expansion in the US, Europe, and Southeast Asia, curriculum and product development, and sales/marketing scaling amid pandemic-driven demand for virtual learning.
Nov 2020Series APeak XV Partners (lead); Shunwei Capital$6M-
Jun 2020Series AShunwei Capital (lead)$8MLingoAce is a Singapore-based edtech company offering an online language learning platform focused on Chinese for young learners, using multimedia, gamification, and AI-powered tools. In June 2020, it raised $7 million in a Series A round from lead investor Shunwei Capital. The platform had served over 100,000 registered students across 80 countries by late 2021.
Nov 2019SeedDecent Capital (lead)$3MLingoAce has conducted six funding rounds totaling $176M, with the latest being a Series C for $105M on December 3, 2021, led by investors including Peak XV Partners, Owl Ventures, SWC Ventures, and Shunwei Capital. Earlier rounds include Series A, Series A - II, Series B, and others with investors such as Tiger Global Management.

Who has invested in LingoAce?

6 investors have backed LingoAce across its funding rounds, including Shunwei Capital, Peak XV Partners, Owl Ventures, Tiger Global, Decent Capital and SWC Global.

Lead investors include Peak XV Partners, Owl Ventures, Tiger Global, Shunwei Capital and Decent Capital.


LingoAce Investors

Investors in LingoAce by funding rounds participated
InvestorHQRoundsRoleFirst check
Shunwei CapitalChinaBeijing3LeadJun 2020
Owl VenturesUnited StatesSan Francisco, CA2LeadApr 2021
Peak XV PartnersIndiaBangalore2LeadNov 2020
SWC GlobalSingaporeSingapore1ParticipantDec 2021

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LingoAce Competitors

LingoAce competitors include listed companies like Stride, East Buy and Youdao, and private ones like GoStudent, Age of Learning and Outschool.

Public and private companies comparable to LingoAce
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GoStudentAustriaViennaPrivate$107M$16M$3.4B-
StrideUnited StatesUnited StatesPublicly listed$2.5B$580M$3.4B1.2x
East BuyChinaChinaPublicly listed$850M$98M$3.4B2.8x
Age of LearningUnited StatesLos Angeles, CAPrivate$100M-$3B-
OutschoolUnited StatesSan Francisco, CAPrivate$100M-$3B30.0x
YoudaoChinaChinaPublicly listed$881M$29M$1.7B2.0x

LingoAce Public Comps

LingoAce is still privately-owned, but its public comps include Pearson, New Oriental Education, Duolingo, TAL Education, Laureate Education, Graham Holdings, Covista, Grand Canyon Education, Fibra Educa and Stride.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Pearson$4.8B$1.4B2.4x2.3x8.1x10.4x
New Oriental Education$4.9B$563M1.0x0.8x8.8x5.6x
Duolingo$1B$152M5.4x4.9x37.3x17.9x
TAL Education$3B$700M1.3x1.2x5.7x6.9x
Laureate Education$1.7B$515M3.2x3.0x10.7x9.6x
Graham Holdings$4.9B$682M1.0x1.0x7.3x-
Covista$2B$462M2.5x2.4x10.4x9.1x
Grand Canyon Education$1.1B$306M3.4x3.3x12.4x10.0x

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Common questions about LingoAce

When was LingoAce founded?LingoAce was founded in 2017.
Where is LingoAce headquartered?LingoAce is headquartered in Singapore.
Is LingoAce publicly listed?No, LingoAce is a private, VC-backed company.
How much funding has LingoAce raised?LingoAce has raised $180M across 5 funding rounds.
What was LingoAce's last funding round?LingoAce's last funding round was a $105M Series C in December 2021, led by Peak XV Partners.
Who are LingoAce's investors?LingoAce's investors include Shunwei Capital, Owl Ventures, Peak XV Partners, SWC Global, Decent Capital and Tiger Global.
Which companies are comparable to LingoAce?Companies comparable to LingoAce include GoStudent, Stride, East Buy, Age of Learning, Outschool and Youdao.

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