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Investment Summary

Summit Partners Invests In Lingoda

On April 15, 2021, growth capital firm Summit Partners invested in education company Lingoda

Investment Highlights
  • This is Summit Partners’ 5th transaction in the Education sector.
  • This is Summit Partners’ 12th transaction in Germany.

Investment Summary
Date 2021-04-15
Target Lingoda
Sector Education
Investor(s) Summit Partners
Deal Type Venture
Advisor(s) GP Bullhound (Financial)

Target

Lingoda

Berlin, Germany
Lingoda is an online language school offering live small group and private classes available 24/7 in four languages - English, German, French, and Spanish. Lingoda teaches more than 450,000 classes each year through a community of over 1,400 certified, native-speaking teaching professionals. The company’s structured curriculum includes over 2,000 digital lessons produced in-house by linguistic experts. Courses are designed to empower language fluency, and 97% of Lingoda learners confirm that the platform is more effective than using language apps alone. Lingoda was founded in 2013 and is based in Berlin, Germany.

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Investor(S) 1

Investor

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 369 of 415
Sector: Education M&A 5 of 5
Type: Venture M&A Deals 31 of 34
Country: Germany M&A 12 of 15
Year: 2021 M&A 8 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 OneStock

Toulouse, France

OneStock is a SaaS provider of OMS software for the retail sector. OneStock’s OMS platform allows omnichannel retailers to unify their stock – from warehouses, distribution centres and stores – in order to enhance customer experience (CX) whilst improving profitability for the retailer. OneStock was founded in 2010 and is based in Toulouse, France.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-16 Abode Healthcare

Durango, Colorado, United States

Abode Healthcare provides a full spectrum of home health and hospice services in attractive, growing markets across the United States. Abode’s service offerings are thoughtfully tailored to patients and families, with focused attention given to individual needs and preferences. Abode Healthcare was formed in 2012 and is based in Durango, Colorado.

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