GERMANY – Tandem, a Berlin, Germany-based language exchange app, raised £4.5m in Series A financing.
The round, which brings the total amount raised to £6.8m, was led by Brighteye Ventures along with Trind Ventures, Rubylight Limited and GPS Ventures. The company will use the funds to develop additional features for the app, and support team expansion across marketing and engineering functions. Founded by Arnd Aschentrup, Tobias Dickmeis, and Dr. Matthias Kleimann, Tandem is a language exchange app with over ten million members across 180 countries. Members fill out a profile, identify the language they would like to learn, and whether they prefer to practice via text, audio, or video chat. The app then pairs members up, enabling them to practice their new language whilst teaching their native one. Tandem members can choose from more than 300 different languages, including 20 sign languages, 20 indigenous languages, and six fictional ones like Mandalorian or Klingon. It is available on iOS and Android, as well as the web. The company employs 24 full-time employees, and has plans to grow to a 50-member team globally. 28/07/2020
