Lingoda, a leading Berlin-headquartered online language school, has secured a US$68 million growth investment.The company had only raised around $15 million before now, a mark of the company being pretty capital efficient.
CEO Michael Shangkuan said the funding will be used both to continue enhancing its tech platform — with more tools for teachers and asynchronous supplementary material — and to widen its footprint in markets further afield such as the U.S.