7 months ago
EdTech Company Lingvist Raises €5.1m
Lingvist Raises €5.1m, to Change the Way Humans Learn
- EdTech company Lingvist has combined learning science with advanced AI, originally built at CERN, to fundamentally alter the way humans process new knowledge.
- With its proprietary technology and learning data, Lingvist makes learning up to 10x faster.
- Lead investors Rubio Impact Ventures were joined by Rockaway Capital and Metaplanet Holdings
- See Lingvist’s website and Instagram profile for additional product information
The Estonia-based startup Lingvist, whose mission is to develop and scale learning technology that enables radical improvement in learning efficiency, has raised €5.1 million in the latest round of funding for its language learning app.
In this new round, Lingvist is backed by a group of prominent investors led by Rubio Impact Ventures, a leading impact venture fund based in the Netherlands with €150 million AUM. Rubio invests in world-changing entrepreneurs who unite powerful positive impact with a scalable commercial business, the future-proof approach to successful business.
Other investors include Rockaway Capital, through a new venture capital fund – the Rockaway Ventures Fund – which will focus primarily on start-ups in Central and Eastern Europe that are digitalizing traditional industries while following ESG (Environmental, Social, Governance) principles.
Metaplanet Holdings, a venture capital firm based in Tallinn, Estonia, and chaired by Skype’s co-founder, Jaan Tallinn, has also participated in the round.
Lingvist is an EdTech startup working to make language learning faster and more efficient using big data and AI. It has developed an award-winning algorithm that enables the application to swiftly customize and adapt course content to each user, and was co-founded in 2013 by CERN alumnus and nuclear physicist Mait Müntel, who was recently granted an award by the CERN Alumni Network.
“At Lingvist, we have been striving to make language learning more efficient through the medium of technology. We hope that the availability of our tools can support the continuation of learning in new formats and facilitate the connection of virtual communities. This funding will enable us to bring a separate scientific research team on board, to experiment with radical new ideas and bring them into production, and allows us to scale up our language learning application to many more languages and bring it to users in more markets. Rubio’s impact and investment process is very clearly articulated and well executed, and the experience in helping entrepreneurs scale is a perfect fit for Lingvist.” said Lingvist Co-founder and CEO Mait Müntel.
Rubio comments: "At Rubio, we believe that Lingvist epitomizes how the determination of one person (founder & CEO of Lingvist Mait Müntel, CERN alumnus and nuclear physicist) can change the process of human learning around the globe.The technology currently works for languages, but Lingvist’s long-term goal is to apply the technology to power any field of education. With our investment, we want to radically speed up the process of human learning."
If you would like to find out more about how Lingvist enables people to learn more efficiently using AI, check out their website. And most importantly, download the app now to build your vocabulary and start improving your language skills.
About Rubio Impact Ventures
Rubio Impact Ventures is a venture fund focused on early and growth stage enterprises with a positive impact on society and the environment.
The fund supports promising entrepreneurs, primarily in the Netherlands and NW EU, with growth capital and proven business tools to reach their full potential and enable them to achieve systemic change.
More information: https://www.rubio.vc/
About nFront Ventures
nFront brings capital and operational support to companies across various stages of development. The core focus is on fast-growing, capital-efficient, software propositions in Europe and the U.S., raising between €1m and €20m. As its strategy, nFront helps companies prepare and execute strong fundraising rounds, before investing alongside leading VC funds and HNWs in its network. With 12 years of international VC experience, nFront brings in-depth industry knowledge and an active co-investor network of over 550 VCs and HNWs across Europe and the U.S.