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Singaporean Chinese-teaching edtech raises $6m led by Sequoia

LingoAce sees stay-home-driven growth in Asia amid COVID pandemic

According to Singapore's statistics agency, Southeast Asia has 363 million school-age children and youth in need of online learning.   © Reuters

SHANGHAI -- LingoAce, a Singapore-based global edtech platform that offers online Chinese language learning courses, has closed its Series A-plus round of financing, raising $6 million, led by Sequoia Capital India with participation from returning backer Shunwei Capital, an investment arm of Chinese smartphone maker Xiaomi.

This brings the funds raised by the company in its Series A round to $13 million.

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