💰 Why the "$1M seed" doesn't match the records
Last one, and it’s a big one. You’ve probably seen the "About Us" pages saying Lingoda started with a massive $1 million seed investment. It sounds impressive, right?
But I went to the official company registration office and pulled the founding records. Are you ready for this?
The company was actually registered with just €25,000. That is a huge gap between the "million and a half" legend and the humble €25k reality. It’s one thing to market your success, but it’s another thing to rewrite your history.
After looking at all these findings it makes you wonder: what kind of "German school" is this, really? Why the need for such dishonesty when it is so easy to proof the lies? Again Northdata provides the proof about the 25 seed capital.