Lingvist, an Estonia-based startup, has raised €5.1 million in the latest round of funding for its language learning app. The new round is led by Rubio Impact Ventures, joined by Rockaway Ventures Fund and Metaplanet Holdings.
Founded in 2013, Lingvist said it uses AI and big data to make language learning faster and more efficient. Its smart algorithm tracks the progress and mistakes of users, and adapts lessons in real time to match their levels and memory patterns.
“This funding enables Lingvist to hire a separate scientific research team to experiment with radical ideas and bring them into production. It also allows Lingvist to scale its language learning application to many more languages and bring it to users in more markets,” said Lingvist Co-founder and CEO Mait Müntel.