Online language tutoring platform Fluentify has raised £1.5m to develop its product and expand its offering into the French market.
Headquartered in London,Fluentify leverages machine learning and AI to help individuals learn a foreign language for both conversational and business use.
The company, which is privately owned and operated by Fluentify Ltd, was founded by entrepreneurs Giacomo Moiso, Claudio Bosco and Matteo Avalle.
The round was raised by Stefano Marsaglia, managing director and founder at Peninsula Capital, an independent investment firm which specialises in PE investments in Southern European markets and Latin America and by private investment from a major Italian family.
“The latest commitment to Fluentify, from two key investors, is testament to the pace of the company’s growth and the potential for its language learning mission,” commented Moiso, CEO and co-founder of Fluentify.
“Bilingualism can offer individuals a competitive edge in the job market and we’re seeing increasingly strong demand for the product as a result. We look forward to scaling up our presence in Europe and beyond in the coming months.”
Bosco, co-founder and COO added: “We are really proud to see that Stefano is investing in Fluentify further. This is really important for the company’s future growth and network.”
Marsaglia concluded: “In a crowded category of language learning tools and applications, Fluentify already stands out with a unique value proposition and ability to provide personalised tuition from fully qualified, experienced teachers. I’m excited to be investing in Fluentify, recognising the company’s continued growth and ability to fulfil its potential.”