Tallinn-based language learning app Speakly has today announced closing a €900K seed funding round, led by Finnish Superhero Capital, and with the participation of Estonian Trind Ventures, London/ Stockholm based TrueSight Ventures, Estonian Contriber Ventures, and private angels.
Speakly, founded in 2018, is a language learning platform created by Ott Ojamets and Ingel Keskpaik who are both polyglots, speaking seven languages each. Speakly uses a unique scientific approach, created by Ott, based on the real-life statistical relevance of words and sentences. The company has researched and developed this type of language learning approach for several years and it offers evidence-based 5x faster and 10x more affordable studies compared to traditional methods. Currently, Speakly offers 8 learning languages with plans on widening the selection.
Speakly’s co-founder Ott Ojamets states: “We are very happy to have such great international partners backing us up during these globally difficult times. This investment lets us continue on our mission to make fast and affordable language learning available for everyone – whether it’s people working from home offices or students in distance learning. With this investment, we can offer a larger selection of languages and introduce new features.”
“What better proof of Speakly’s method than having business angels who have been studying with the platform, join the round,” says Ingel Keskpaik, co-founder of Speakly.
“Speakly’s proprietary insight and superpower are knowing and understanding language,” says Kasper Suomalainen, Superhero Capital Investment Manager. “Their methodology is an efficient, fast and fun way for people to learn a language – so that they can actually use and speak it in real-life situations within only a few months.”