# Lingvist

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

- Industry: Education/Training
- Headquarters: Tallinn, Estonia
- Website: www.lingvist.io
- Total disclosed funding: $14M
- Latest round: Series A (Sep 22, 2021)
- Investors on record: 7

## About

Lingvist, based in Estonia, is a language learning platform that utilizes artificial intelligence and spaced repetition to offer personalized educational experiences through its web and mobile applications.Founded in 2013 in Tallinn, Estonia, Lingvist is a language learning platform that aims to enhance vocabulary acquisition through personalized learning experiences. Mait Müntel serves as both the CEO and founder. The company has raised a total of EUR 5.1 million across 6 funding deals, with the most recent being a Series A round on September 22, 2021, led by Rubio Impact Ventures, alongside participation from Rockaway and Metaplanet Holdings. This latest round marks the total amount raised by the company.Lingvist offers a personalized online language education experience via its mobile and desktop applications. The platform employs artificial intelligence and spaced repetition algorithms to tailor vocabulary learning to the individual user's level. Lingvist supports over 50 languages and features a variety of courses designed for beginners to advanced learners. Their Custom Decks feature allows users to create personalized learning experiences based on specific vocabulary related to their interests or industries.In the most recent fiscal year, Lingvist reported a revenue of EUR 2,050,278.60 and an EBITDA of EUR 441,445.50. The company's revenue model is based on subscriptions to access its library of language courses and features, offering different tiers to cater to user needs. This direct-to-consumer approach facilitates a straightforward user experience while also providing opportunities for partnerships with educational institutions and businesses.Following the Series A funding round on September 22, 2021, Lingvist plans to utilize the EUR 5.1 million raised to expand its workforce and continue developing its language learning application. The company is looking into designing upcoming new products aimed at enhancing user engagement and learning outcomes. Additionally, Lingvist has plans to expand into new geographic markets, particularly targeting regions across Europe, North America, and Asia by 2024.

## Funding rounds

- Series A, Sep 22, 2021, $6M — Rockaway, Rubio Impact Ventures, Metaplanet Holdings
- Series A, Nov 10, 2015, $8M — Inventure, Rakuten Group, Inc., SmartCap
- Seed, Mar 24, 2014 — Techstars

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Inventure (https://capitalatlas.ai/funds/inventure) — Series A
- Rakuten Group, Inc. — Series A
- SmartCap (https://capitalatlas.ai/funds/smartcap) — Series A
- Rockaway (https://capitalatlas.ai/funds/rockaway) — Series A
- Rubio Impact Ventures (https://capitalatlas.ai/funds/rubio-impact-ventures) — Series A
- Metaplanet Holdings (https://capitalatlas.ai/funds/metaplanet-holdings) — Series A