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- LingoAce
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Dec 2021 | Series C | Peak XV Partners (lead); Shunwei Capital; SWC Global; Owl Ventures | $105M | LingoAce 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 2021 | Series B | Owl Ventures (lead); Tiger Global (lead) | $58M | LingoAce 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 2020 | Series A | Peak XV Partners (lead); Shunwei Capital | $6M | - |
| Jun 2020 | Series A | Shunwei Capital (lead) | $8M | LingoAce 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 2019 | Seed | Decent Capital (lead) | $3M | LingoAce 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jun 2020 | ||
| 2 | Lead | Apr 2021 | ||
| 2 | Lead | Nov 2020 | ||
| 1 | Participant | Dec 2021 | ||
This data is available for Pro users. Sign up to see all 6 LingoAce investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialLingoAce Competitors
LingoAce competitors include listed companies like Stride, East Buy and Youdao, and private ones like GoStudent, Age of Learning and Outschool.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $107M | $16M | $3.4B | - | ||
| Publicly listed | $2.5B | $580M | $3.4B | 1.2x | ||
| Publicly listed | $850M | $98M | $3.4B | 2.8x | ||
| Private | $100M | - | $3B | - | ||
| Private | $100M | - | $3B | 30.0x | ||
| Publicly listed | $881M | $29M | $1.7B | 2.0x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.8B | $1.4B | 2.4x | 2.3x | 8.1x | 10.4x | |||
| $4.9B | $563M | 1.0x | 0.8x | 8.8x | 5.6x | |||
| $1B | $152M | 5.4x | 4.9x | 37.3x | 17.9x | |||
| $3B | $700M | 1.3x | 1.2x | 5.7x | 6.9x | |||
| $1.7B | $515M | 3.2x | 3.0x | 10.7x | 9.6x | |||
| $4.9B | $682M | 1.0x | 1.0x | 7.3x | - | |||
| $2B | $462M | 2.5x | 2.4x | 10.4x | 9.1x | |||
| $1.1B | $306M | 3.4x | 3.3x | 12.4x | 10.0x | |||
This data is available for Pro users. Sign up to see all LingoAce competitors and their valuation data. Start Free Trial | ||||||||
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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