HomeFundingBusuu secures €6 Million from McGraw‐Hill Education

Busuu secures €6 Million from McGraw‐Hill Education

Busuu, one of the world’s largest social networks for language learning with over 55 million users, today announced that McGraw-Hill Education, a learning science company, acquired a minority stake of busuu for €6 million. The deal also authorises McGraw-Hill exclusive global rights to distribute busuu to its B2B customers, including schools, private language institutions and corporations. With the global market for language instruction amounting to $60 billion annually some may say the partnership of Busuu and McGraw‐Hill Education is a match made in heaven.

The two companies will explore adding McGraw-Hill Education’s industry-leading adaptive learning technology to busuu products. Founded in 2008, busuu has been adding as many as 100,000 users each day. The product has a strong market presence in Brazil, Russia, China, Turkey, Germany and the U.S. The company offers free and paid audio-visual language courses for 12 languages and includes direct interaction with native speakers around the world.

Bernhard Niesner, the CEO of busuu, also participated as a speaker at our EU-Startups Conference 2014. In relation to this recent deal he stated: “We are especially excited to explore adding McGraw-Hill Education’s adaptive capabilities to our platform and believe this will revolutionize the way people learn languages.”

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Mevish Aslam
Mevish Aslam
Mevish is the founder and Nomad in Residence at Terminal3.co and Sprinters.co. She empowers remote workers to leave the office cubicle to travel and work from anywhere in the world.
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