LingoAce Global Revenue and Competitors

LingoAce is a global leading EdTech (education technology) company, headquartered in Singapore that focuses on providing quality and immersive language learning experience to students aged 4 to 15 years old. Apart from its headquarters in Singapore, LingoAce has presence in Beijing, Wuhan, Los Angeles, and recently set up operations in Bangkok and Jakarta as it expands into South East Asia to meet the growing demands of language learning in the region. Founded in 2017, LingoAce leverages on its experienced teaching team, AI-powered tools, gamification features and research-backed methodology to provide students the best learning experience and results. Apart from stringent selection of professional Mandarin teachers, LingoAce develops personalised plan aligned with Singapore's Ministry of Education (MOE) syllabus to meet individual goals for students in Singapore. In October 2020, LingoAce raised US$6 million in Series A+ funding from Sequoia Capital India and Shunwei Capital. This follows a Series A round of US$7 million also from Shunwei Capital in June 2020. This resulted in a total fundraise of US$13 million just for 2020. Today, LingoAce has a total student base of 100,000 students across 80 countries – coming from families of different nationalities including international expats, Chinese immigrants and local parents. The company has more than 2,000 teachers and 420 employees globally.