Fluentify, a London, UK-based online language tutoring platform that enables learners to perfect their spoken English, raised £1.5m in funding.
The round was backed by Stefano Marsaglia from Peninsular Capital and private investors.
The company intends to use the funds to develop its product and expand its offering into the French market.
Founded in 2013 by entrepreneurs Giacomo Moiso, Claudio Bosco and Matteo Avalle, Fluentify is a language learning startup that uses machine learning and Artificial Intelligence (AI) to help individuals learn a foreign language for both conversational and business use.
The company connects learners to fully qualified teachers via its secure, integrated video conferencing platform for 30-minute sessions, using AI and machine learning software. The platform is accessible 24/7 by both web browser and app.
Learners can create custom plans to suit their requirements, whether they are a student, a professional, or a business looking for a company-wide plan.
The company raised £280k in an initial funding round to set up the company, originally aimed at individuals in B2B companies that import and export, an additional £1.5m raised by Stefano Marsaglia, Managing Director and Founder at Peninsula Capital, an independent investment firm which specializes in Private Equity investments in Southern European markets and Latin America and by private investment from a major Italian family.
Fluentify has offices in Milan, Roma and Turin.