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Home » Innovation » Cloud » Polish online learning platform Langloo raises seed funding from Polskapresse
Polish online learning platform Langloo raises seed funding from Polskapresse
Posted by: Natasha Starkell
Tags: iq partners,langloo,polskapresse Posted date:
August 31, 2012 |
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Polish online learning platform Langloo raised 130,000 Euro from media group Polskapresse in exchange for 16 percent of new shares. Langloo, founded in 2010 was launched as an Internet platform to learn English and has since grown to offer over 100 courses.
In Russia, where just the market of English education is measured at over $1 billion, a similar online business Lingualeo has recently received $3 million in funding from Runa Capital.
Despite the relatively small size of the investment, this is a good news for Poland startup ecosystem as better proficiency in English across a wider entrepreneurial community is one of the essential basic prerequisites to compete on the global markets.
Earlier this year Polskapresse, which is a part of the German holding Verlagsgruppe Passau GmbH has acquired an equity stake in Gruper, the largest daily deals site after Groupon Poland. It also owns advertisement platforms dom.gratka.pla and moto.gratka.pl. The company’s internet portfolio combined has a 5,8 million users according to Megapanel / PBI. Its online presence will be used to boost Langloo marketing efforts.
Langloo’s other investor, venture capital firm IQ Partners retains over 18 percent of the equity in the company. IQ Partners backed over 50 companies so far, the latest ones being GoWorld (financial services), SocialPhoto (mobile image sharing). iFood (e-gastronomy), and personal finance management app Moneyzoom.
About the author
Natasha Starkell
Twitter LinkedIn Facebook Google+ Natasha Starkell is the founder and CEO of GoalEurope, advisory firm focusing on technology investment and software development in Russia and Eastern Europe. Prior to starting GoalEurope she has worked in the field of finance, mergers and acquisitions, corporate strategy and offshore outsourcing at Unisys Corporation in Switzerland and United Kingdom. She has an MBA degree from London Business School. She speaks Russian, English and German. She lives in Northern Germany.
Twitter LinkedIn Facebook Google+ Natasha Starkell is the founder and CEO of GoalEurope, advisory firm focusing on technology investment and software development in Russia and Eastern Europe. Prior to starting GoalEurope she has worked in the field of finance, mergers and acquisitions, corporate strategy and offshore outsourcing at Unisys Corporation in Switzerland and United Kingdom. She has an MBA degree from London Business School. She speaks Russian, English and German. She lives in Northern Germany.
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