LingoTalk, an Indonesia-based language learning platform, has raised an undisclosed amount in funding from Iterative Capital and Singapore’s first EdTech accelerator Eduspaze.
With the new financing, the startup plans to strengthen its youth-targeted offering, LingoJunior, which is suited for students from ages three to 12. The new capital comes as the global EdTech industry is projected to grow to US$319.7 billion by 2029 at a compound annual growth rate of 17.8%.
Founded in 2020 by Andre Benito and Hardi Wijaya, LingoTalk is a graduate of the Startup Studio Indonesia Batch 2 accelerator program held by Indonesia’s Ministry of Communication and Information Technology. It is backed by an AI recommendation system, the platform teaches users to speak different languages. Users can choose to do individual or group tutoring, and the service offers personalized schedules, modules, and videos. The company’s vision is to democratize access to applied knowledge through an efficient and all-encompassing language learning journey.
LingoTalk’s mission is to power Indonesia’s education agenda to uplift children’s language learning pathway. It is committed to bridge the language skill gap with a solution that is efficient, affordable, and impactful since day-one.
The startup claims to have over 5,000 active users, and partnered with more than 150 schools in Indonesia, offering its platform to be used in language classes. Currently, it has 10 language courses, including French, Arabic, Japanese, and Spanish.
In the near future, LingoTalk also wants to reach more schools in the Sumatran and Javanese provinces.
Last year in August, LingoTalk had secured an undisclosed amount in a pre-Seed funding round from several local investors led by Kistech Pte. Ltd., a private company from Singapore.