Lingvist, a Tallinn, Estonia-based language learning service, recently raised €1m in funding.
Backers included Inventure, Estonian SmartCap, an investment arm of Estonian Development Fund, and other angel investors.
The company intends to use the funds to support the launch of the service and expand the team to prepare for the faster growth.
Founded in December 2013 by Mait Müntel, Lingvist provides a language learning service that applies big data analysis and mathematical optimization on the language learning process to accelerate the learning curve. A comprehensive user profile is developed by tracking the user’s natural abilities and acquired knowledge. Based on this learning progression data the solution determines the optimum learning course and guides the user’s learning path accordingly.
The company is currently part of the Techstars London program.