Summit Partners led a $68m investment in Lingoda.

Summit Partners, an investment firm, led a $68m investment in Lingoda, a provider of an online learning platform intended to empower even the busiest people. Conny Boersch, Mountain Partners Founder, also participated in the investment. "We are Europe's leading online language school. We aim to be the world's largest, offering our students and teachers more learning and teaching options than any other provider. To date, we have taught over 3 million hours of coursework to more than 70k students, and our community is growing daily as we continue to build our platform to serve more learners worldwide. We are grateful for the ongoing support of our trusted investors and partners, whose collaboration has been instrumental in our growth to date, and we are excited to embark on our new partnership with Summit. We look forward to working together to further scale our business and accelerate our growth," Michael Shangkuan, Lingoda CEO.