Language Learning Website Babbel.com Receives Significant VC Funding
Investors endorse trend of online learning and accelerate Berlin-based company Lesson Nine's growth
BERLIN, GERMANY--(Marketwire - July 28, 2008) - Today Babbel.com was backed with significant investments by Kizoo and VC Fonds Berlin. The language learning website, product of the year old Berlin company, Lesson Nine GmbH, already shows substantial growth in its user base after only six months online.
Building on its playful and intuitive style, the website will expand significantly in the coming months. Following this funding milestone, today Babbel.com is releasing a preview of new tutorial formats which are currently in closed beta testing. These will cater to an even broader range of learning styles, introducing grammar lessons ranging from basic to intermediate levels.
Users can now look forward to improvements on Babbel.com's one-of-a-kind features for social networking and innovative, multimedia vocabulary building tools in French, English, Spanish, Italian and German. The new tutorials offer learning exercises like fill-in-the-blank and multiple choice in Babbel.com's dynamic interactive environment. Organized according to theme and proficiency level, they will be followed by a tool for more advanced speakers and language educators to create their own tutorials with an easy to use community course editor's program.
A showcase of these new features with descriptions and screenshots is available for viewing at http://www.babbel.com/about/ENG/tutorials
Until today's investment, the one year old German startup Lesson Nine GmbH was privately funded by its four founders. The enthusiastic group is comprised of technology experts, an entrepreneur, and an online marketing expert with many years of collective experience in the German software industry. The company will now add both to the in-house staff and to a core group of freelance collaborators, who as native speakers are responsible for much of Babbel.com's content and upkeep.
For more information, please contact
Lesson Nine GmbHMarkus Witte
+49 30 346 55 93 87
Email: press@babbel.com
Website: www.babbel.com
or
Lesson Nine GmbH
GroBbeerenstr. 81
10963 Berlin, Germany
Website: www.babbel.com/about/ENG/press
