Babbel – Looking to expand after major investment round

The leading app for language learning, announced a $22 million investment round led by Scottish Equity Partners and supported by existing investors. The round supports the company’s expansion plans, and with perfect timing to boot: Babbel opened its first office in the US at the beginning of 2015. Thomas Holl, Co-founder and President, will head operations in New York. He stated, “The US holds enormous potential for Babbel, and we expect growth in the three-digit percentile in 2015 alone.”

Link to the Startup Website: www.babbel.com