Get our rare newsletters
Contact GoalEuropeIf you have questions or need a consultation, get in touch.
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.
+44 (020) 3290 3544
vita at goaleurope dot com