About Ringle
Ringle is a company based in Seoul (South Korea) founded in 2015 by Hoon Seunghun Lee and Sungpah Lee. Ringle has raised $26.9 million across 3 funding rounds from investors including One Asset Management, Do Ventures and Must Asset Management. Ringle offers products and services including 1:1 Video English, AI Tutor, and AI Speaking Test. Ringle operates in a competitive market with competitors including Open English, 51Talk, Tandem, Voxy and Busuu, among others.
- Headquarter Seoul, South Korea
- Founders Hoon Seunghun Lee, Sungpah Lee
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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
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- Legal Name Ringle English Education Service Co., Ltd.
- Jurisdiction Na, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26.9 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
One Asset Management
& 4 more
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Employee Count
Employee Count
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Products & Services of Ringle
Ringle offers a comprehensive portfolio of products and services, including 1:1 Video English, AI Tutor, and AI Speaking Test.
Personalized live sessions with native tutors for speaking practice.
AI-driven platform for English practice and real-time analysis.
Evaluates user English skills through simulated conversations.
People of Ringle
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Funding Insights of Ringle
Ringle has successfully raised a total of $26.9M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(31 Mar 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series A - Ringle | Valuation | Do Ventures |
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| Jun, 2021 | Amount | Series A - Ringle | Valuation | Must Asset Management | |
| Mar, 2021 | Amount | Series A - Ringle | Valuation | Must Asset Management |
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Investors in Ringle
Ringle has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include One Asset Management, Do Ventures and Must Asset Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A venture capital firm focused on early-stage startups in Vietnam.
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Founded Year | Domain | Location | |
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Solon Invest is engaged in early-stage and mezzanine investments.
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Founded Year | Domain | Location | |
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Provides investment management and welcomes discerning clients and managers.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ringle
Financial Statements - Ringle
Ringle Comparisons
Competitors of Ringle
Ringle 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 Open English, 51Talk, Tandem, Voxy and Busuu, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform providing live English classes
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| domain | founded_year | HQ Location |
One-to-one online English tutoring is provided by 51Talk.
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| domain | founded_year | HQ Location |
A language learning app facilitating user-driven conversation exchanges.
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| domain | founded_year | HQ Location |
English language learning through online courses and tutoring
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| domain | founded_year | HQ Location |
Social networking for language learning is enabled via mobile platform.
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| domain | founded_year | HQ Location |
Speak is recognized as an AI-driven language learning application.
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Frequently Asked Questions about Ringle
Ringle was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Ringle is headquartered in Seoul, South Korea.
Ringle is a funded company, having raised a total of $26.9M across 3 funding rounds to date. The company's 1st funding round was a Series A of $8.9M, raised on Mar 31, 2021.
Ringle was founded in 2015 in Seoul, South Korea, as an online platform in the education technology sector. English language learning is enabled through connections between students and registered tutors. Services include interactive lessons for learners seeking proficiency and registration options for educators to offer instruction. Operations focus on facilitating remote, personalized English education across global users.
Ringle offers 1:1 Video English, AI Tutor, and AI Speaking Test.
Ringle has 5 investors. Key investors include One Asset Management, Do Ventures, Must Asset Management, MOCA Ventures, and Solon Invest.