Memrise, the machine learning-powered language learning app and platform, has raised $15.5 million in Series B funding. The round was co-led by Octopus Ventures and Korelya Capital, with participation from Avalon Ventures and Balderton Capital.
Underpinned by scientific methodology, Memrise claims to help over 35 million adults worldwide learn languages. The app, voted overall Best App in the 2017 Google Play Awards, supports more than 22 languages including Mandarin, French, Arabic and Spanish.
Founded in 2010 in Oxford by Ed Cooke, Ben Whately and Greg Detre, the company is profitable and employs a team of 70.
“Memrise is an accessible platform for all people to learn languages—at the heart of our vision is creating learning experiences that meaningfully connect people to the world.
“We’re a technology company actively working to improve human consciousness, and to foster authentic engagement across communities. We care about self-improvement and empowerment, and we’re determined to use technology to make learning—which we believe depends most fundamentally on meaningful connection with the world —richer and more engaging for tens of millions of people.”
New lead investor Eyal Rabinovich from Octopus Ventures added:
“We’re in love with Memrise’s vision for language learning, and have been deeply impressed with the high engagement levels and tangible learning among their millions of users. We look forward to supporting this exceptionally diverse and talented team in their mission to enrich human consciousness through learning.”
Memrise says the funding will be used to accelerate development, with “transformative” plans to enhance its software engine and roll out multimedia enhancements to its iOS, Android and web products.