# Ringle

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

- Industry: Education/Training
- Headquarters: Seoul, South Korea
- Website: www.ringleplus.com
- Total disclosed funding: $18M
- Latest round: Series A (Jun 10, 2021)
- Investors on record: 4

## About

Ringle, based in South Korea, offers an innovative online English learning platform connecting students with native tutors for personalized, one-on-one video lessons designed to improve English speaking skills.Founded in 2015 in Seoul, South Korea, Ringle English Education Service Co., Ltd. specializes in online English language education. The company has evolved its offerings to better serve a global clientele. Co-founders Seunghoon Lee and Sungpah Lee have previously contributed to educational ventures. Ringle successfully raised KRW 10 billion in Series A funding on June 10, 2021, led by Must Ventures, with participation from Moca Ventures, One Asset Management, and Xoloninvest. The total amount raised by the company now stands at KRW 10 billion, with a current valuation of KRW 100 billion.Ringle provides a specialized online English language learning platform, connecting students with native-speaking tutors from prestigious universities for personalized one-on-one video lessons. The platform focuses on enhancing English speaking skills through tailored instruction and real-time corrections. Key features include live sentence corrections, diverse conversation topics, and lesson script generation for effective reviews. Ringle's clientele mainly consists of working professionals and graduate students seeking to improve their English proficiency for business and academic purposes, reaching markets in the US, Canada, and several countries in Europe and Asia.Ringle generates revenue through a subscription-based model, where clients purchase access to language courses in packages that offer unlimited tutoring sessions for a specified duration. Subscriptions are designed for individual users, including professionals and students, and special promotions are available to attract new clients. Ringle has established various pricing plans and subscription tiers to accommodate different user needs, allowing clients to select tutors based on qualifications and expertise.In June 2021, Ringle English Education Service Co., Ltd. raised KRW 10 billion in Series A funding, which will be utilized to develop educational content, expand teams in its Seoul headquarters and San Mateo, CA, and pursue global client expansion. The company aims to enhance its product offerings and increase its presence in targeted regions, reinforcing its commitment to delivering language education to a wider audience.

## Funding rounds

- Series A, Jun 10, 2021, $9M — Moca Ventures, Must Ventures, One Asset Management, Xoloninvest
- Series A, Mar 31, 2021, $8.8M — Must Ventures

## Investors

- Must Ventures (https://capitalatlas.ai/funds/must-ventures) — Series A
- Moca Ventures — Series A
- One Asset Management (https://capitalatlas.ai/funds/one-asset-management) — Series A
- Xoloninvest (https://capitalatlas.ai/funds/xoloninvest) — Series A