GP Bullhound invests in Busuu

The firm is investing in Busuu through GP Bullhound Fund IV, which closed on €113m in June 2019. It focuses on growth-stage businesses in the software, entertainment, digital services, marketplace and financial technology sectors, and will look to invest in around 20 companies in total within the equity ticket range of €500,000-10m per deal.

The new funding will allow the company to accelerate its growth and develop its product offering, as well as launch new B2C and B2B distribution channels.

Previous funding
Busuu raised €500,000 from angel investors in 2010 and 2011.

ProFounders Capital invested in a €3.5m funding round alongside private investors in 2012.

McGraw-Hill Education invested €6m in the company in 2015 and undisclosed investors provided €4m in 2017.

Company
Founded in 2008 and headquartered in London, Busuu is a language learning platform that provides users with online courses and a global community of native speakers and tutors. The platform is available in 12 different languages and has more than 100 million users worldwide. It employs 131 people, according to LinkedIn.

People
GP Bullhound – Per Roman (managing partner).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• Venture
• United Kingdom