Lingoda Announces $68 Million Growth Equity Investment From Summit Partners

20 Apr, 2021

Lingoda Announces $68 Million Growth Equity Investment From Summit Partners

– Lingoda announced it has raised $68m in growth equity led by global growth investor Summit Partners, with participation from existing investor Conny Boersch, founder of Mountain Partners, which first invested in Lingoda in 2015.
– The new funding will support Lingoda’s expansion in new markets; further enhance the company’s live classroom experiences, and accelerate the company’s already robust growth.
– Including this latest round of funding, Lingoda has raised more than $83m since 2013. Previous recent rounds were led by investor Grazia Equity, which has played a key role in the company’s growth journey to date.
– Lingoda is a leading online language school offering live small group and private classes available 24/7 in four languages – English, German, French and Spanish.

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