Synch has acted as legal advisor to Lingio AB
Press release Published 20 March 2020
Synch has acted as legal advisor to Lingio AB when the company raises capital in its first financing round amounting to SEK 17 million. Almi Invest acted as lead investor in the round where Add Value and Austrian venture fund Calm/Storm Ventures participated together with renowned angel investors.
Lingio has been developed to tackle the challenges on today’s labour market. With the help of unique AI-solutions, innovative tech and effective digital language courses adapted for different sectors of the market, Lingio reduces communication challenges and provides an effective method of language learning. During the fall of 2019 the company received financing form Sweden’s innovation agency Vinnova to develop the AI-teacher of the future in order to revolutionize the learning of languages.
The company has grown organically but is now raising SEK 17 million in order to continue its growth and to enter new markets. The raised capital will be used to drive the company’s mission to support millions of people with immigrant backgrounds at the workplace through the expansion of the team within sales, partnerships and tech.
The team at Synch consisted of Andreas Börjesson, Helena Dahlin and Leona Behrendt.
The Synch legal services offering includes the areas of Advisory Services, Project & Transactional Services, Managed Services and Digital Services.
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