COBALT advised a major Japanese e-commerce and Internet company Rakuten in a 7.4 million EUR investment into Lingvist, an Estonian origin start- up developing an innovational language learning technology.
Lingvist technology approaches language learning with a unique mathematical methodology enabling users of all ages and levels to learn a new language on B2 level in approximately 200 hours.
Currently the tool offers opportunity to learn English and French, soon the selection will be complemented by Spanish, German, Italian, Russian, Japanese and Swedish. Lingvist is selected into the world’s leading acceleration program for technology enterprises TechStars.
COBALT Estonia team in this project included partner Martin Simovart and Senior Associate Kristjan Kotkas.
Read more about the language learning tool here: https://lingvist.io/
Read more about the investment here: http://geenius.ee/uudis/lingvist-poorab-tousva-paikese-maale-eesti-idufirma-sai-8-miljonit-dollarit