New Funding for a New Babbel
Babbel is changing – for the better. With the just-announced funding of one million Euros from the EU’s European Regional Development Fund (ERDF) and the State of Berlin, we have plans to expand through 2011 in technology and content. This means new and improved vocabulary packages, Beginners’ Courses, grammar lessons and an even better learning experience. The funds will be complemented by 200,000 Euros of our own.
In contrast with various other online learning platforms, Babbel.com is completely ad-free. The idea is to keep up the quality of the content with an eye to Babbel.com’s 500,000+ users, and not to advertisers. Not exceptionally in the world of young internet companies, up until now our earnings have been significantly less than our expenses. With the help of venture capital and the appeal of a completely revamped platform, we’re looking toward a unique and exciting new future for language learning on the internet.