# Babbel

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/babbel

- Industry: Education/Training
- Headquarters: Berlin, Germany
- Website: www.babbel.com/
- Total disclosed funding: $32M
- Latest round: Series C (Apr 27, 2015)
- Investors on record: 6

## About

Based in Berlin, Germany, and founded in 2007 by Thomas Holl, Markus Witte, Lorenz Heine, and Toine Diepstraten, Babbel GmbH, formerly known as Lesson Nine GmbH, offers an online language learning platform using the method that combines communicative didactics, cognitivism, behaviorism and constructivism. In September 2023, the company acquired Toucan Technologies, Inc. Babbel GmbH has over 150 linguists covering over 10,000 hours of content and 60,000 lessons through its mobile application available on iOS and Android. As of 2024, the company is led by its CEO Arne Schepker, and has offices in Berlin and New York.

The company also provides services such as audio examples and dialogue trainers, speech recognition, and a review feature for 14 languages with seven source languages corresponding to the respective mother tongue of the learner, ranging from Spanish, German, Italian, French, and Swedish to Indonesian, among others.

The company earns revenue through a subscription model. Babble charges its users a monthly fee of EUR 8.45.

## Funding rounds

- Series C, Apr 27, 2015, $22M — Scottish Equity Partners, NGP Capital, REV Venture Partners, VC Fonds Technologie Berlin
- Series B, Mar 4, 2013, $10M — NGP Capital, REV Venture Partners, KIZOO Technology Ventures, VC Fonds Technologie Berlin
- Series A, Jul 29, 2008 — IBB Ventures, KIZOO Technology Ventures

## Investors

- IBB Ventures (https://capitalatlas.ai/funds/ibb-ventures) — Series A
- KIZOO Technology Ventures (https://capitalatlas.ai/funds/kizoo-technology-ventures) — Series A, Series B
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series B, Series C
- REV Venture Partners (https://capitalatlas.ai/funds/rev-venture-partners) — Series B, Series C
- VC Fonds Technologie Berlin — Series B, Series C
- Scottish Equity Partners (https://capitalatlas.ai/funds/scottish-equity-partners) — Series C