Babbel, a language learning app, acquired LingoVentura, a Berlin, Germany-based language travel platform.
The amount of the deal was not disclosed.
The acquisition will allow Babbel to accelerate and directly start iterating the service into a go-to place for language learners.
LingoVentura is a language travel platform, that already handles bookings for 200 language schools in over 100 cities and countries.
Babbel’s platform for language travel is set to launch in 2019.
Founded in 2007 by Markus Witte (Chief Executive Officer) and Thomas Holl (Chief Technology Officer), Babbel provides an app for web, iOS and Android that allows people to learn 14 different languages from 7 display languages via bite-sized lessons.
The company has a team of over 700 people from more than 50 nations, spread between Berlin and New York. It recently surpassed 1,000,000 active paying subscribers.
FinSMEs
05/12/2018