Language learning app Speak nets $20M, doubles valuation
When was the language learning app Speak launched?
The language learning app Speak was launched in 2014 by Connor Zwick and Andrew Hsu. The app focuses on teaching language by encouraging users to learn speaking patterns and practice repetition in crafted lessons, rather than memorizing vocabulary and grammar.
In how many countries is Speak available?
Speak, an AI-powered language learning app, is available in over 40 countries. The app has experienced significant growth since its launch in South Korea in 2019, doubling its user base every year for the last five years and reaching over 10 million users.
What was the amount raised in Speak's recent Series B extension?
Speak, an AI-powered language learning app, recently raised $20 million in a Series B extension led by Buckley Ventures. The round also saw participation from the OpenAI Startup Fund, Khosla Ventures, Y Combinator co-founder Paul Graham, and LinkedIn executive chairman, Jeff Weiner2. This brings Speak's total funding to $84 million and doubles its valuation to $500 million.