# Lingumi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lingumi

- Industry: Software
- Headquarters: London, UK
- Website: www.lingumi.com/
- Total disclosed funding: $7.3M
- Latest round: Series A (Jan 9, 2020)
- Investors on record: 4

## About

Lingumi Ltd., based in the UK, provides a mobile platform that enhances early childhood language learning through interactive and engaging educational content designed for children.Lingumi Ltd. was founded in 2016 and is headquartered in London, UK. The company focuses on mobile learning solutions for children, specifically in language acquisition. The firm has successfully completed 4 deals to date, with their latest funding round being a Series A, which occurred on September 19, 2024, raising GBP 3.700 mn, leading to a total amount raised of GBP 3.700 mn and a current valuation of GBP 19.606 mn. The round was led by North Summit Capital, along with other investors including Accelerated Digital Ventures, Entrepreneur First, and LocalGlobe. The CEO and founder of Lingumi is Toby Mather.Lingumi Ltd. specializes in innovative technology solutions aimed at enhancing early childhood education. Their core offering is a mobile platform that provides interactive language learning experiences, allowing children to engage in fun and effective language acquisition. These solutions cater to a diverse client base, including parents and educational institutions, primarily in North America, Europe, and Asia-Pacific regions. The company’s learning tools were launched in 2020, designed to support children in developing language skills through engaging content.Lingumi Ltd. operates on a subscription-based revenue model, allowing clients access to its flagship mobile learning platform. Clients typically enter into annual contracts that offer different tiers of service tailored to various user needs. These subscriptions provide access to premium features, interactive content, and additional resources for users. The pricing structure accommodates both individual parents and educational organizations, with options for customization to ensure flexibility as their needs evolve, thereby generating a steady flow of recurring revenue for the company.Following the acquisition by NovaKid Inc. on September 19, 2024, Lingumi Ltd. is set to bolster its offerings in AI tutoring for children, aiming to provide families with affordable tutoring alternatives. This strategic move is expected to enhance the company’s reach into new markets and expand its educational resources. The acquisition will leverage NovaKid Inc.'s existing infrastructure and user base, facilitating growth in the educational technology sector.

## Funding rounds

- Series A, Jan 9, 2020, $4.9M — Entrepreneur First, LocalGlobe, Accelerated Digital Ventures, North Summit Capital
- Seed, Jan 23, 2018, $1.7M — Entrepreneur First, LocalGlobe, Accelerated Digital Ventures
- Seed, Jun 14, 2016, $0.7M — LocalGlobe

## Investors

- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed, Series A
- Entrepreneur First (https://capitalatlas.ai/funds/entrepreneur-first) — Seed, Series A
- Accelerated Digital Ventures (https://capitalatlas.ai/funds/accelerated-digital-ventures) — Seed, Series A
- North Summit Capital (https://capitalatlas.ai/funds/north-summit-capital) — Series A