Less than a month after launching its Invesdor campaign, WordDive has successfully closed the initiative after securing €1,274,100 from 658 investors. The AI-based mobile and online application for learning languages efficiently was launched in 2010 and stated that it combines the best of Finnish education know-how and game industry.
WordDive was awarded best e-learning solution in Finland in 2011, released its iPhone app in 2014, and it was selected as one of its Top 100 European Startup Companies by tech publication Red Herring in 2015. The company noted its turnover increased by 560%, from €140,000 to €930,000, in three years. It was reported that in Finland alone, WordDive is best known for its English prep course. As of December 2016, WordDive had over 250,000 users in 150 countries. The company stated:
“The WordDive application makes learning exceptionally fast and efficient. Thanks to the AI, the pace of learning and the exercising of study items can be optimised individually for each user. In addition, WordDive is based on the use of multiple senses, which is the most efficient way to learn a new language. WordDive’s two main products are digital language courses for adults (English, Estonian, Finnish, French, German, Italian, Japanese, Russian, Spanish and Swedish) and final exam prep courses for high school seniors (English and Swedish).”
Funds from the Invesdor campaign will be used for further development and expansion.
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