A Singapore based Mandarin Chinese language learning platform has been named to the GSV EdTech 150 list.
LingoAce was named to the list that features the world's most transformative growth companies in the digital learning sector, according to a press published by Business Wire.
Hugh Yao, CEO and founder of LingoAce, said the company is proud to be recognized.
“We are honored to be recognized by the GSV EdTech 150,” Yao said. “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 bring on talent. Most importantly, we aim to bring the best learning experience to our students.”
LingoAce was selected out of over 3,000 venture capital and private equity-backed commercial companies in the language industry, according to the release.
"LingoAce is transforming the way children learn Mandarin 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," the release stated.
The company consists of more than 4,000 professionally certified teachers who have international accreditation for Mandarin Chinese language, according to the release.
“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,” said Luben Pampoulov, partner at GSV Ventures. “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.”