One of the world’s leading Internet services companies leads the funding round of Estonian language learning startup.
Lingvist, the next generation language learning platform today announced a Series A investment of $8 million led by global Internet services company Rakuten alongside Smartcap, Inventure, Jaan Tallinn and Geoff Prentice.
The financing will be used to fund Lingvist’s growth in Europe, Asia and the Middle East and for further investment in its proprietary adaptive language learning algorithm and platform. The company is planning to expand in Japan and other Asian markets as well as the MENA region in the coming 18 months.
Also more developers, designers, computational linguists and data scientists will be hired to Lingvist offices in Tallinn and London.
“We are very pleased to welcome a global leader like Rakuten to our corner as an investor as we start to scale out our platform and new language offerings,” says Mait Muntel, CEO of Lingvist.
“Rakuten’s Englishization initiative to convert its corporate language from Japanese to English has made them a veritable expert in their own right in language education.”
