Babbel — a Germany-based language learning startup — has raised a $10 million Series B funding led by Reed Elsevier Ventures, and including Nokia Growth Partners and IBB Beteiligungsgesellschaft, according to TechCrunch.
And no, I did not just mash on the keyboard randomly, “IBB Beteiligungsgesellschaft” is a major Berlin VC firm.
Babbel offers over 6,500 learning hours for thirteen languages across the Internet and mobile devices. The company has grown 200% per year since 2011, and currently has 15 million users in over 190 countries. It also acquired PlaySay — a mobile language-learning game app company — last week, although financial terms of the deal were not disclosed.
The company plans on expanding sales and marketing in the U.S., France, UK, Italy, Spain and Brazil in the coming year.
Personally, I’m fine just knowing English and the tiny bit of Spanish I need to commute around D.C. for my job — “Donde es la Casa Blanco? Aqui? Gracias, senorita!” Then I kiss the Mexican ladies on the cheek and we dance a little salsa.
But I’m sure most people would rather learn the entire language.