The Babbel Blog

language learning in the digital age

New Funding for a New Babbel

Posted on October 20, 2009 by

eu_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.

Comments

[...] by its main competitors. US-based Livemocha has raised $14m, while European rival Babbel has raised over ?1m. On that note, Busuu claims to have recently overtaken market leader Livemocha in terms of traffic, [...]

[...] by its main competitors. US-based Livemocha has raised $14m, while European rival Babbel has raised over ?1m. On that note, Busuu claims to have recently overtaken market leader Livemocha in terms of traffic, [...]

[...] by its main competitors. US-based Livemocha has raised $14m, while European rival Babbel has raised over ?1m. On that note, Busuu claims to have recently overtaken market leader Livemocha in terms of traffic, [...]

[...] by its main competitors. US-based Livemocha has raised $14m, while European rival Babbel has raised over ?1m. On that note, Busuu claims to have recently overtaken market leader Livemocha in terms of traffic, [...]

[...] by its main competitors. US-based Livemocha has raised $14m, while European rival Babbel has raised over ?1m. On that note, Busuu claims to have recently overtaken market leader Livemocha in terms of traffic, [...]

[...] by its main competitors. US-based Livemocha has raised $14m, while European rival Babbel has raised over €1m. On that note, Busuu claims to have recently overtaken market leader Livemocha in terms of traffic, [...]

[...] by its main competitors. US-based Livemocha has raised $14m, while European rival Babbel has raised over ?1m. On that note, Busuu claims to have recently overtaken market leader Livemocha in terms of traffic, [...]

[...] by its main competitors. US-based Livemocha has raised $14m, while European rival Babbel has raised over €1m. On that note, Busuu claims to have recently overtaken market leader Livemocha in terms of traffic, [...]

[...] by its main competitors. US-based Livemocha has raised $14m, while European rival Babbel has raised over ?1m. On that note, Busuu claims to have recently overtaken market leader Livemocha in terms of traffic, [...]

[...] by its main competitors. US-based Livemocha has raised $14m, while European rival Babbel has raised over €1m. On that note, Busuu claims to have recently overtaken market leader Livemocha in terms of traffic, [...]

[...] by its main competitors. US-based Livemocha has raised $14m, while European rival Babbel has raised over €1m. On that note, Busuu claims to have recently overtaken market leader Livemocha in terms of traffic, [...]

[...] by its main competitors. US-based Livemocha has raised $14m, while European rival Babbel has raised over €1m. On that note, Busuu claims to have recently overtaken market leader Livemocha in terms of traffic, [...]

Anna, you might be right if the EU just gave us the money. Unfortunately, we’ll have to pay it back. Like venture capital, this is no gift. It’s just supporting our growth. So everybody who is paing for Babbel helps us to pay our language teachers and translators. And ultimately we hope to be able to pay back the loans.

One million euros from the EU? Congratulations! But now you’ve started charging people. I understand that you are hiring professionals and that the servers do cost, but right now, I see the EU gave you a million euros to develop a product you’re making profit with. A fair solution would be if you used that money to finance a Babbel light (like Babbel 1.0) and charge for the extra content or features that cost you extra.

Great news ! Babbel is a realy helpful and exciting website, it’s nice to hear, it is growing up. All the best !

Okay, let’s try some spanish today … ;-)

[...] Letztlich gewinnen wir alle. Der Verein, die Fans, die Trainerausbildung, der deutsche Fußball – und natürlich Babbel selbst, denn: „Babbel is changing – for the better.„ [...]

Herzlichen Glückwunsch!

Well done and well deserved. What about an interview on EDUKWEST ;).

All the best,
Kirsten

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