busuu
Financials
Estimates*
USD | 2015 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|---|---|
Revenues | 12.0m | 9.8m | 16.0m | 21.9m | 27.7m | 33.1m | 32.7m |
% growth | - | - | 63 % | 37 % | 27 % | 20 % | (1 %) |
EBITDA | - | (6.7m) | (4.4m) | (5.5m) | (3.3m) | (11.4m) | (27.0m) |
% EBITDA margin | - | (68 %) | (27 %) | (25 %) | (12 %) | (35 %) | (82 %) |
Profit | - | (6.7m) | (4.4m) | (4.5m) | (3.8m) | (10.2m) | (27.7m) |
% profit margin | - | (69 %) | (28 %) | (21 %) | (14 %) | (31 %) | (84 %) |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
€300k | Seed | ||
€200k | Seed | ||
$4.7m | Series A | ||
N/A | Support Program | ||
* | $6.7m | Series B | |
€4.0m | Series B | ||
* | N/A | Late VC | |
$436m | Acquisition | ||
Total Funding | €14.9m |
Related Content
Recent News about busuu
EditBusuu is an award-winning language learning app that serves over 90 million users globally. The company offers high-quality language courses developed by a team of language experts and integrates a social network feature that allows users to practice with native speakers. Busuu operates in the education technology market, catering to individual learners, educational institutions, and organizations. The business model is primarily subscription-based, generating revenue through premium memberships that provide access to advanced features and additional content. In 2015, Busuu partnered with McGraw Hill Education, enhancing its distribution capabilities and customer support through McGraw Hill's extensive network. This partnership also led to the development of 'Busuu for Education,' a tailored solution for academic institutions.
Keywords: language learning, app, social network, native speakers, subscription, education technology, McGraw Hill, premium memberships, adaptive learning, global users.