LingoAce named to GSV EdTech 150
LingoAce, a leading Southeast Asia-based Chinese language learning platform, is included in the GSV EdTech 150, a list of the world’s most transformative growth companies in digital learning curated by GSV Ventures.
LingoAce was chosen from over 3,000 venture capital and private equity-backed private companies revolutionizing the world of education technology. GSV estimates that together these 150 companies reach roughly 3 billion people -- almost half of the global population -- and generate approximately $20 billion in revenue.
“We are honored to be recognized by the GSV EdTech 150,” said Hugh Yao, CEO and Founder of LingoAce. “With $160 million in new funding raised in 2021, we are in an even better position to grow the business, provide new curriculum offerings, expand into new markets, and recruit new talent. Most importantly, we aim to bring the best learning experience to our students.”
LingoAce is transforming the way children learn Chinese by creating a fun and engaging education experience for students with tools that make it easy for parents to plan, schedule and monitor their children’s learning. Today, LingoAce has a team of more than 4,000 professionally-certified teachers with international CTCSOL accreditation for Chinese language teaching to global students. The growing interest in language education and the rapid adoption of online learning through the COVID-19 pandemic has driven nearly 4000% growth in bookings globally for LingoAce since the end of 2019. In Thailand, LingoAce has seen a 500% growth in bookings since the start of 2021.
Based on a globally-accredited syllabus, these learning experiences are designed in-house by LingoAce’s team of curriculum and education specialists, as well as multimedia, animation and gamification experts.
GSV launched the list of education technology leaders in 2020 with the EdTech 50. Due to rapid growth in the sector, necessitated by a global pandemic and continued remarkable technological evolutions, the list increased to 150 in 2021. In 2022, the sector shows no signs of slowing down with the 150 companies selected for this year’s list collectively experiencing revenue growth in the high double digits.
“Today, we announce the annual GSV EdTech 150," said Luben Pampoulov, Partner at GSV Ventures. "As the global pandemic continues to drive learners online, more and more companies are innovating in the digital learning space — making it increasingly competitive for companies to make the top 150. We evaluated over 3,000 companies globally this year. The way GSV sees it, Ed is on The Edge, and increasingly more companies have the ideas, know-how, and talent to transform the world and provide all people equal access to the future. We know these companies are well-equipped to help us achieve that goal, and we look forward to watching them do so.”
Learn more about the GSV EdTech 150 and the selection process here.
