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Another Language Learning Community Raises Funding: Busuu Gets ‘Six Digit’ Round

The streak of recent language learning fundings continues … Busuu, which claims more than 300,000 users, is set to announce Thursday that it has raised a “six-digit” round from an unnamed angel investor. The startup, which is based in Madrid, offers interactive language courses in Spanish, French, German, Italian and English — and is now adding Brazilian Portuguese to its roster. The site lets users take courses and also practice with other members. It’s free, although users can pay for “additional functionalities and more material.”

Several language learning startups have raised cash over the last several months. Moonshoot, which teaches kids English using online games, got $6.6 million just last week, LiveMocha raised an $8 million second round in late December, and EnglishCentral, which bases its own language learning system around popular video clips, took in about $3.5 million from Google (NSDQ: GOOG) Ventures and other investors. The bet among venture capitalists is that more and more of the very lucrative language learning market will move online.

One Response to “Another Language Learning Community Raises Funding: Busuu Gets ‘Six Digit’ Round”

  1. Busuu has 300,000 users? More like 4 or 5 thousand regular users according to quantcast.com. Why do companies insist on counting anyone who has ever registered with their site as a user? AOL has a ton of registered users, but how many have actually used it since the 20th century?