Estonian edtech startup Lingvist bags €5.1 million in the latest round of funding
Founded in 2013, The Tallinn-based firm Lingvist has raised €5.1 million in its latest round of funding for its language learning software. Its project is to create and expand learning technology that enables substantial improvements in learning ability. Lingvist is being backed by a team of famous backers, led by Dutch VC company Rubio Impact Ventures, and accompanied by other shareholders in this current investment. Lingvist is an edtech startup that uses big data and AI to make language learning quicker and more effectively. It has created an award-winning algorithm that allows the application to quickly tailor and modify course material to each end consumer. According to the officials, with this investment, Lingvist will be ready to employ a separate scientific research team to test and implement fresh thoughts. It also enables Lingvist to expand its language learning software to a wider range of languages and industries.