Language education tech start-up Fluentify has announced that it has closed a $410,000 investment round primarily backed by angel investor Stefano Marsaglia, former chairman of Barclays global financial institutions and current co-head of Mediobanca investment bank. Founded in 2013 by Italian entrepreneurs Giacomo Moiso, Andrea Passadori, Matteo Avalle and Claudio Bosco, Fluentify offers an online marketplace which allows language learners to pair up with native speakers to help them develop fluency in their target language.
Fluentify, a London-based videoconferencing language learning platform founded last year, has closed a $410,000 angel investment, led by Stefano Marsaglia, former chairman of Barclays global financial institutions group and current co-head of Mediobanca investment bank. The new funding brings the startup’s total raised to date to $500,000. The webcam-based language learning marketplace, which aims to connects people who want to brush up their skills in a particular language with native speakers from around the world, allows any native speaker to become a ‘fluentifier’ language tutor — provided they pass its vetting procedure. The aim is to offer a broad pool of potential tutors who bring other professional skills with them, allowing fluentify users to find tutors who also work in particular professions to help them brush up on specialist vocab, for instance. That’s one way the platform says it’s setting itself apart from the myriad other language learning marketplaces already out there.