What is Lingo Live?
Lingo Live specializes in teaching employees of large enterprises to master English or other foreign languages through live, online lessons conducted by native instructors via video conference. Based in San Francisco, CA, the company addresses the critical need for effective cross-cultural communication in today's globalized business environment. By leveraging technology and personalized instruction, Lingo Live aims to bridge language barriers and improve professional fluency for its corporate clients, positioning itself as a key player in the corporate language training market.
How much funding has Lingo Live raised?
Lingo Live has raised a total of $6.7M across 4 funding rounds:
Other Financing Round
$40K
Other Financing Round
$1.1M
Series A
$5.2M
Debt
$350K
Other Financing Round (2014): $40K with participation from Entrepreneurs Roundtable Accelerator
Other Financing Round (2015): $1.1M led by Alpine Meridian Ventures, Entrepreneurs Roundtable Accelerator, and Compound
Series A (2017): $5.2M supported by Owl Ventures, Fresco Capital, Entrepreneurs Expansion Fund, and Alpine Meridian Ventures
Debt (2020): $350K featuring PPP
Key Investors in Lingo Live
Owl Ventures
Owl Ventures is a global leader in education technology investing, focusing on innovative solutions that enhance learning experiences. The company supports a diverse range of edtech companies, including those providing tools for personalized tutoring, virtual classrooms, and workforce upskilling.
Fresco Capital
Fresco Capital is an investment firm that focuses on early-stage technology companies. They aim to support innovative startups with the potential for significant growth and market disruption, often in sectors like education technology and enterprise software.
Entrepreneurs Roundtable Accelerator
Entrepreneurs Roundtable Accelerator (ERA) is an early stage fund and technology accelerator based in New York City, operating two four-month programs annually. The program offers an initial investment of $150K on a 6% post-money SAFE, with opportunities for follow-on funding.
What's next for Lingo Live?
The recent major strategic investment signals a pivotal moment for Lingo Live, likely indicating a focus on scaling operations, expanding its instructor network, and potentially developing new language programs or technological features. The company's enterprise-level focus suggests a strategy geared towards securing larger corporate contracts and deepening relationships with existing clients. Future growth may involve further international market penetration and the integration of advanced learning analytics to demonstrate ROI to its business partners. This funding round is poised to solidify Lingo Live's position as a leader in the corporate language education space.
See full Lingo Live company page
