Babbel Raise $10 Million From Nokia, Reed Elsevier And Other Investors

Want to learn a new language? But can’t find time to take out from your tight schedule? Head over to Babbel, a website which offers an online and mobile based language learning system covering Spanish, English, French, German, Italian, Portugese, Swedish, Turkish, Indonesian, Polish, Norwegian, Danish and Dutch.

The website, which is a Berlin based startup is present in more than 190 countries, with more than 15 million users, and with German pulling in the most users.

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Babbel announced today that it has managed to raise close to $10 million in Series B Funding to support it’s further growth.

The investment has been led by Reed Elsevin Ventures, Nokia Growth Partners, IBB Beteiligungsgesellschaft via its VC Fonds Technolgie Berlin and Kizo Technology Capital. Other than using the part of the money to bankroll its international expansion plans and product, Babbel will use part of the money to extend its partnerships with hardware manufacturers, platform providers and media worldwide.

Babbel was founded in August 2007 and currently employs approximately 170 employees and freelancers (70 are full-time staff).

The startup has free apps for iPhone, Ipad, Android and Windows 8 users.

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