Showing there’s money where its mouth is, Estonian EdTech startup Lingvist has raised €5.1 million in its latest fundraising round.
Launched back in 2013, its mission is to develop and scale language learning technology in its app using AI and big data. This latest injection of backing will allow the company to employ a research team to look for radical ways to speed up the acquisition of new languages.
The startup was co-founded by nuclear physicist Mait Müntel, who was previously attached to the CERN Higgs boson discovery team. While in Switzerland, Mait needed to be able to speak French and quickly. To achieve this, he decided to find a fast, efficient way to learn a language and this became the basis of Lingvist. The app can be used individually or in a classroom setting.
There are currently eight languages available on Lingvist, including British and American English, and the latest boost to its coffers will allow it to launch more languages on its app, which just goes to prove that money talks.
