Mountain Partners backs Lingoda

A consortium of business angels also took part in the round alongside existing investor Global Founders Capital, which committed to the company in 2013.

The fresh financing will be used to improve the quality of the courses and for marketing purposes.

Another German online language company, Babbel, was backed by Reed Elsevier Ventures in March 2013. It raised two funding rounds with a combined total of $12.2m and operates in Europe, the US and emerging markets.

Company
Founded in 2012, Lingoda is an online language school offering courses in English, German, Spanish and French. Courses are certified by the European Framework of Reference for Languages.

It has 5,000 students in 10 countries and 17 employees at its Berlin headquarters. Lingoda claims to be doubling its revenues every four months.

People
Felix and Fabian Wunderlich are co-founders and co-managing directors of Lingoda.

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• Mountain Partners AG