LingoAce Raises $160 Million in New Funding Amidst Rapid Global Expansion [MarketWatch]
Udemy, Inc. (UDMY)
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Source: MarketWatch
The MarketWatch News Department was not involved in the creation of this content. SINGAPORE & SAN MATEO, Calif., (BUSINESS WIRE) -- LingoAce , a Singapore-based global education technology company and leading Mandarin Chinese language learning platform, today announced it has raised $160 million in new funding this year. Today, the company closed on a $105 million in Series C funding round, led by Sequoia Capital India, with participation from Owl Ventures, Shunwei Capital and SWC Global. This comes less than a year after a previously undisclosed $55 million Series B round, led by Tiger Global and Owl Ventures. With the new funding, LingoAce has raised $180 million in total funding to date. LingoAce is transforming the way children learn Mandarin Chinese, the world's second most spoken language, by creating a fun, engaging education experience for students with tools that make it easy for parents to plan, schedule and monitor their children's learning. Today, LingoAce is reaching
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