Speexx, a Munich, Germany-based provider of cloud-based communication and language skills training for large organizations, raised $5m in Series A funding.
Backers included Ventech and Alto Invest.
The company intends to use funds to continue enhancing its product and service portfolio and extend its global presence.
Led by Jörg Koberling, CEO and Founder, Speexx provides large organisations with cloud-based online language learning solutions for Business English, Spanish, German, Italian and French with ongoing support in 13 languages. It integrates online business communication skills training, mobile and social learning, expert coaches located throughout the world and personalized live online activities into its learning experience.
The platform has more than 7 million subscribers in 1,500 organizations – including Ericsson, Saint-Gobain, UNHCR and Credit Suisse.
Speexx is located in Munich, London, Madrid, Milan, Paris, Sao Paulo, Singapore, New York and