# Tandem Language Interact

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tandem-language-interact

- Industry: Education/Training
- Headquarters: Germany
- Website: www.tandem.net
- Total disclosed funding: $8.1M
- Latest round: Series A (Jul 28, 2020)
- Investors on record: 10

## About

Tandem Language Interact is a language exchange platform that connects users globally for language learning through real-time conversations, fostering cultural exchange and enhancing communication skills.Founded in 2015 in Germany, Tandem Language Interact enables users to learn languages through conversation with partners worldwide. The company has executed four deals, raising a total of GBP 4.5 mn in a Series A funding round led by Brighteye Ventures in July 2020. The CEO, Arnd Aschentrup, has been instrumental in the company’s growth and development since its inception.Tandem offers a language exchange app that connects users from around the globe to facilitate language learning through real-time conversation. The platform allows users to find partners based on language preferences, location, and shared interests, enabling them to practice languages such as English, Spanish, German, and many others. The app includes various communication features, including text messaging, voice notes, and video calls, supplemented by in-app language tools for correction and translation, enhancing the user experience. Since its launch, Tandem has attracted millions of users, primarily targeting individuals who wish to learn new languages or improve existing language skills, making it particularly appealing to students, travelers, and global professionals across markets such as North America, Europe, and Asia.Tandem generates revenue through a freemium model that encourages users to download the app and engage with its core functionalities for free. Users can opt for premium subscriptions, unlocking additional features such as unlimited messaging, advanced filtering options for partner searches, and enhanced language tools. The subscription structure includes monthly and annual pricing plans, catering to a diverse customer base ranging from casual learners to dedicated language enthusiasts. With a focus on direct-to-consumer transactions, Tandem capitalizes on user engagement to drive revenue from premium services while fostering a robust community of language learners. The platform’s flagship offering remains its intuitive exchange functionality, positioning Tandem as a prominent entity in the language education sector.Tandem plans to utilize the GBP 4.5 mn raised in July 2020 to enhance its product offerings and expand into new markets. The funding will support the development of new features and tools to improve user engagement. Moreover, the company aims to increase its presence in North America and Asia by targeting the launch of localized versions of the app by 2022, catering to the specific needs of learners in these regions.

## Funding rounds

- Series A, Jul 28, 2020, $5.9M — Rubylight, Brighteye Ventures, GPS Ventures, Trind Ventures
- Seed, Jun 1, 2016 — Enjoy Venture
- Seed, Apr 1, 2016, $2.2M — Catagonia Capital, Rubylight, Faber Ventures, Bynd Venture Capital, Hannover Beteiligungs Fond, Atlantic Labs
- Seed, Mar 1, 2015 — Hannover Beteiligungs Fond, Atlantic Labs

## Investors

- Hannover Beteiligungs Fond — Seed
- Atlantic Labs (https://capitalatlas.ai/funds/atlantic-labs) — Seed
- Catagonia Capital (https://capitalatlas.ai/funds/catagonia-capital) — Seed
- Rubylight (https://capitalatlas.ai/funds/rubylight) — Seed, Series A
- Faber Ventures (https://capitalatlas.ai/funds/faber-ventures) — Seed
- Bynd Venture Capital (https://capitalatlas.ai/funds/bynd-venture-capital) — Seed
- Enjoy Venture (https://capitalatlas.ai/funds/enjoy-venture) — Seed
- Brighteye Ventures (https://capitalatlas.ai/funds/brighteye-ventures) — Series A
- GPS Ventures (https://capitalatlas.ai/funds/gps-ventures) — Series A
- Trind Ventures (https://capitalatlas.ai/funds/trind-ventures) — Series A