About LingoAce
LingoAce is a company based in Singapore (Singapore) founded in 2017 by Hugh Yao. LingoAce has raised $176 million across 6 funding rounds from investors including Peak XV Partners, Owl Ventures and Shunwei Capital. LingoAce operates in a competitive market with competitors including Shikho, Outschool, BrightChamps, Wiingy and GLORANG, among others.
- Headquarter Singapore, Singapore
- Founders Hugh Yao
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Sectors
Education
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Pplingo Pte. Ltd.
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Annual Revenue
$49.55 M (USD)287as on Dec 31, 2021
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Net Profit
-$75.52 M (USD)-586as on Dec 31, 2021
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EBITDA
Not available
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Total Equity Funding
$176 M (USD)
in 6 rounds
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Latest Funding Round
$105 M (USD), Series C
Dec 02, 2021
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Investors
Peak XV Partners
& 5 more
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Employee Count
Not available
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People of LingoAce
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Funding Insights of LingoAce
LingoAce has successfully raised a total of $176M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $105 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in LingoAce
LingoAce has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Peak XV Partners, Owl Ventures and Shunwei Capital.
| Investor | Description | Founded Year | Domain | Location |
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Investments in edtech companies are made by Owl Ventures.
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Venture capital fund focused on mobile, internet, deep technology, rural internet, AI, and multiple sectors
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Venture capital investments in technology sectors are managed by SWC.
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Investor details for LingoAce
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Investments & Acquisitions by LingoAce
Investment portfolio details for LingoAce
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Financial Statements - LingoAce
Detailed financials for LingoAce
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Lingoace Comparisons
Peer comparison for LingoAce
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Competitors of LingoAce
LingoAce operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Shikho, Outschool, BrightChamps, Wiingy and GLORANG, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Digital educational content and learning platform for students is provided.
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Multi-disciplinary online classes are provided via an app-based platform.
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| Locked | Locked | Locked |
Provider of live online STEM and life skills courses for children
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| Locked | Locked | Locked |
Online and in-person tutoring services are offered via a marketplace.
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| Locked | Locked | Locked |
App-based platform offering tutoring solutions for kids
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Detailed competitors of LingoAce
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Latest news on Lingoace
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Frequently Asked Questions about LingoAce
LingoAce was founded in 2017 and raised its 1st funding round 1 year after it was founded.
LingoAce is headquartered in Singapore, Singapore.
Hugh Yao is the current CEO of LingoAce. They have also founded this company.
LingoAce is a funded company, having raised a total of $176M across 6 funding rounds to date.
Annual revenue of LingoAce is $49.55M as on Dec 31, 2021.
LingoAce was founded in 2017 in Singapore as an edtech platform focused on interactive language and subject learning. Tutoring is provided for Mandarin Chinese, English, math, and music through an Android app featuring gamification, illustrations, and quizzes. Operations center on app-based sessions accessible globally, with core activities emphasizing structured online instruction for young learners in the education sector.
LingoAce's top competitors include Shikho, Outschool and BrightChamps.
LingoAce has 6 investors. Key investors include Peak XV Partners, Owl Ventures, Shunwei Capital, SWC Global, and Tiger Global.