AsiaTechDaily – Asia's Leading Tech and Startup Media Platform

  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • Events
    • Innovasion Exchange Programme
    • Startup Program
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Unicorn interview
  • Governments
  • Events
  • Lists
  • Subscription Plan
  • Login
Menu
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • Events
    • Innovasion Exchange Programme
    • Startup Program
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Unicorn interview
  • Governments
  • Events
  • Lists
  • Subscription Plan
  • Login
Submit Article
Menu
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • Events
    • Innovasion Exchange Programme
    • Startup Program
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Unicorn interview
  • Governments
  • Events
  • Lists
  • Subscription Plan
  • Login
Submit Article
Join Chat 💬
Featured10 Jun 2021 8:05

Ringle, South Korea’s online English learning startup, raises $18m Series A

by Team AsiaTechDaily
  • twitter
Bookmark (0)
Please login to bookmark Close

No account yet? Register

Ringle, a South Korea-based online English learning startup, announced raising $18 million in a Series A funding round that valued the edtech company at $90 million.

The funding round, which the company said is the second-largest Series A funding amount among the country’s English education startups, was anchored by Must Asset Management and backed by One-asset management, Xoloninvest, and MoCA Ventures.

Founded in 2015, Ringle provides one-on-one video English lessons with native-speaking tutors from universities in English-speaking countries. The startup said its learning materials are thought-provoking and touch on a wide variety of topics.

Using AI-based analytics, Ringle also provides a comprehensive data-based feedback report on students’ speech pace, vocabulary, and expression range.

Co-founders Seunghoon Lee and Sungpah Lee started Ringle to solve a problem they faced as non-native English speakers studying in the US. English was an obstacle they had to overcome to exchange knowledge and grow further.

“I wanted to create a service that changes people’s lives. Our primary goal is to break down language barriers, but ultimately what we’re doing is connecting top talents from around the world, providing a platform for mutual learning and growth,” said Sungpah Lee.

Currently, the startup has over 700 manually vetted tutors and 100,000 users, 30% of whom are based outside of Korea. Ringle’s revenue has also grown three times annually since its founding.

In a statement, the Ringle said it will utilize the Series A funding to develop original educational content and grow teams at its headquarters in Seoul, Korea, and San Mateo, California.

The company is keen to diversify revenue sources by providing a subscription option to access premium content. It will also push for client expansion both globally and to different age groups.

A good portion of the funding will be invested in enhancing the service’s tech platform. In collaboration with KAIST(Korea Advanced Institute of Science & Technology)’s HCI (human-computer interaction) research team, Ringle is developing a language diagnostics system that measures and tracks student’s complexity, accuracy, and fluency in English speaking.

Tags: EdTechEducation TechnologyRingle

Similar Articles

Vietnam25 Jun 2025 9:18

Galaxy Education Secures $10M to Scale AI-Powered ESL Programs in Vietnam

More
Steven Chao, the founder and CEO of PixelBloom
Interviews26 Dec 2024 11:26

Work Smarter, Live Better: How PixelBloom’s AiPPT.com Reached 10 Million Users in Just One Year

More
Hao Su
Interviews22 Oct 2024 11:34

The Next AI Wave Is Here! What is an “Embodied AI robot”? Exclusive Interview with Hao Su, the cofounder and chief technology officer of Hillbot AI

More

Topics

Menu
  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • Gadgets & Electronics
  • Health & Bio

Program

Menu
  • Ecosystem
  • EdTech
  • Featured
  • FinTech
  • Investments
  • IoT
  • Marketplaces & E-commerce
  • Robotics
  • Transportation & Logistics

About

Menu
  • Home
  • About us
  • Privacy Policy
  • Collaborate with AsiaTechDaily
Facebook Instagram Linkedin
  • twitter

Subscribe and be informed first hand about the actual economic news.

All the day’s headlines and highlights, direct to you every morning.

© 2023 asiatechdaily. All rights reserved.