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
***********
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Phone
*********
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Website
*********
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Social
*********
- 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
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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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $105.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series C - LingoAce | Valuation | Peak XV Partners | |
| Jun, 2021 | Amount | Series B - LingoAce | Valuation | Owl Ventures , Tiger Global Management |
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| Nov, 2020 | Amount | Series A - LingoAce | Valuation | Peak XV Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments in edtech companies are made by Owl Ventures.
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Founded Year | Domain | Location | |
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Venture capital fund focused on mobile, internet, deep technology, rural internet, AI, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are managed by SWC.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LingoAce
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LingoAce
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lingoace Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital educational content and learning platform for students is provided.
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| domain | founded_year | HQ Location |
Multi-disciplinary online classes are provided via an app-based platform.
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| domain | founded_year | HQ Location |
Provider of live online STEM and life skills courses for children
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| domain | founded_year | HQ Location |
Online and in-person tutoring services are offered via a marketplace.
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| domain | founded_year | HQ Location |
App-based platform offering tutoring solutions for kids
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lingoace
Frequently Asked Questions about LingoAce
When was LingoAce founded?
LingoAce was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is LingoAce located?
LingoAce is headquartered in Singapore, Singapore.
Who is the current CEO of LingoAce?
Hugh Yao is the current CEO of LingoAce. They have also founded this company.
Is LingoAce a funded company?
LingoAce is a funded company, having raised a total of $176M across 6 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Jun 01, 2018.
What is the annual revenue of LingoAce?
Annual revenue of LingoAce is $49.55M as on Dec 31, 2021.
What does LingoAce do?
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.
Who are the top competitors of LingoAce?
LingoAce's top competitors include Shikho, Outschool and BrightChamps.
Who are LingoAce's investors?
LingoAce has 6 investors. Key investors include Peak XV Partners, Owl Ventures, Shunwei Capital, SWC Global, and Tiger Global.
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