LingoAce Raises $160M in Funding


LingoAce, a Singapore-based education technology company, raised $160m in funding.

The round was led by Sequoia Capital India with participation from Owl Ventures, Shunwei Capital and SWC Global. As part of the funding rounds, Abheek Anand, Managing Director at Sequoia India and Ian Chiu, Managing Director at Owl Ventures, will join the board of LingoAce. Dennis Yang, former CEO of Udemy, has joined as a member of the company’s advisory board as well.

The company, which has raised $180m in total funding to date, intends to use the funds to grow the global team hiring in the United States, Europe and Southeast Asia, to strengthen both curriculum and product development, and to scale sales and marketing support.

Led by Hugh Yao, CEO and Founder, and Marshall Roslyn, CFO and Chief Strategy Officer, LingoAce provides a language learning platform, offering an immersive language learning experience tailored to meet the needs of learners aged three to 15 years old, across a range of language proficiency levels and diverse cultural backgrounds. A committed partner to both young learners and their parents, LingoAce harnesses the capabilities of teachers along with research-backed digital content, featuring animation, gamification and AI, to deliver authentic and interactive online Chinese language lessons.

With offices in the U.S., Southeast Asia and China, LingoAce serves students across 100 countries and regions.