We are excited to share that LingoAce has once again been named to the GSV 150 for a second year in a row. GSV (Global Silicon Valley) Ventures’ list of the world’s most transformative private companies in education.
We were chosen from over 4,000 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 $25 billion in revenue.
“The future of education is personalization. Through technology, we aim to open a world of opportunities for today’s young learners by making education more accessible, immersive, and effective. It is truly an honor to have our efforts recognized by the GSV EdTech 150 for the second year,” said Hugh Yao, Founder and CEO of LingoAce. “Building on the success of our world-leading Mandarin Chinese and English language learning programs, we continue to explore new academic subjects while investing in bringing the best learning experience to our students.”
Founded in 2017, LingoAce is transforming the way children learn. Through an innovative use of video conferencing technology and a reimagining of teaching pedagogy and curriculum using gamification, animated storytelling, and other interactive multimedia. To date, LingoAce has a team of more than 4,700 teachers who have taught more than 6.5 million classes to learners in 100+ countries and regions.
The GSV 150 is distributed across Pre-K to Gray, covering early childhood, K-12, higher education, adult consumer learning, and workforce learning. Of these companies, 33% focus specifically on lifelong learning (which includes adult consumer learning and workforce learning), 32% focus on early childhood and K-12 education, and 5% focus solely on higher education. More and more companies are extending their reach across the lifetime learning cycle, with 30% of the 150 expanding across multiple categories from Pre-K to Gray.
North America — primarily the United States — is the most represented region, accounting for 60% of the GSV 150. India is also a significant contributor to the list, with 14% of the companies coming from that market, which has continued to experience rapid growth. Europe and Latin America each account for 11% and 7% of the GSV 150, respectively. The remaining 8% of companies are dispersed throughout MENA, Africa, Asia, Australia, and New Zealand.
“We are excited to release the annual GSV 150, a selection of the leading private companies in digital learning and workforce skilling,” said Alexandra Argo, investor at GSV Ventures. “As we enter into what we call a ‘Brave New World,’ it is clear that you can’t use an old map to navigate a new world. This impressive group of companies continues to grow and evolve to meet the needs of learners and businesses at scale. After evaluating over 4,000 companies globally, we are proud to present the list of the 150 most impactful companies in digital learning that are leading the charge in providing ALL people equal access to the future.”
After a rigorous assessment of over 4,000 venture capital- and private equity-backed companies, that met the following criteria:
VC or PE-backed companies in digital learning and workforce skills, excluding public and nonprofit companies
Companies that have achieved meaningful scale, and primarily, but not exclusively, those that are post-Series A in their development
Companies experiencing solid, organic top-line growth
The final selection is determined by GSV’s proprietary scoring system, which applies scores across several KPIs such as revenue scale, revenue growth, active learner reach, international reach, and margin profile. Check out the full GSV 150 list: asugsvsummit.com/edtech-150
