– GERMANY, Berlin – Tandem, the Berlin-based startup behind the app for practicing a second language, has closed a £4.5 million Series A round of financing led by Brighteye Ventures alongside Trind Ventures, Rubylight Limited and GPS Ventures also participating.
The new funding brings the total raised to date to £6.8 million and will enable the company to capitalize on growth opportunities to accelerate the switch to digital and online learning.
With many higher education institutions going remote as a result of concerns over virus exposure risks of students mixing on physical campuses, there’s a growing need for technology that helps language students find people to practice with, as Tandem tells it. And while language learning apps make for a very crowded space, with giants like Duolingo and Babbel, Tandem focuses on a different niche: native speaker practice.
As the name suggests, its app does pair matching — connecting users with others who’re trying to learn their own language for mutual practice, by (their choice of) text, phone chat or video call.
The platform also incorporates a more formal learning component by providing access to tutors. But the main thrust is to help learners get better by practicing chatting to a native speaker via the app.
“Given the accelerated user-uptake and clear market opportunity, we felt that 2020 was the right time to partner with the team at Brighteye to bring Tandem into the mainstream,” said co-founder and CEO Arnd Aschentrup.
He added: “We anticipate significant growth opportunities for online learning and social learning in the wake of coronavirus.”
Tandem is the leading global language learning community. When it comes to learning languages, Tandem believes that actually speaking from day one is the fastest way to become fluent. This means developing a platform that connects people from across the world so they can practice speaking languages together.
For more information: https://www.tandem.net/
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