Lingoda, a leading Berlin-headquartered online language school, provides convenient and accessible online language courses in German, English, Business English, Spanish, and French to over 70,000 students worldwide. Lingoda teaches more than 450,000 classes each year through a community of over 1,400 certified, native-speaking teaching professionals.
Michael Shangkuan, CEO of Lingoda, commented: “We are looking forward to working with the Summit Partners team as we enter our next phase of growth. With Summit Partners as our backer, we aim to scale our business further, accelerate our growth, and pursue our mission of becoming the world’s largest technology-enabled language school. GP Bullhound has been a great advisory partner to us. Their sector expertise, hard work, and highly efficient process were instrumental in delivering the ideal transaction to continue our mission.”
Julian Riedlbauer, Partner at GP Bullhound, stated: “We are proud to have advised Lingoda and its shareholders to embark upon this partnership with Summit Partners. Lingoda is well positioned to benefit from the digitization trend in education, and we look forward to seeing it become a global leader in the years to come.”
This transaction is further testament to GP Bullhound’s expertise in the Consumer Subscription and Marketplaces sectors, following previous transactions completed for 7NXT (acquired by Oakley Capital), AllTrails (acquired by Spectrum Equity), and Baltic Classifieds Group (acquired by Apax Partners), among many others.
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About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 10 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com