Twenix, a Spanish edtech company that helps professionals break down the barrier of communicating in English, scooped €3.5 million in Series A funding.
The round was led by Brighteye, a leading European edtech VC, in addition, JME Ventures and Inveready have also continued to support the project alongside numerous business angels.
With this new round, Twenix’s strategy is to strengthen its position in the international market, focus on its establishment in Italy, and further develop its methodology and digital platform.
The company also seeks to grow its business model by strengthening its reach and support to companies and businesses.
Company: Twenix
Raised: €3.5M
Round: Series A
Funding Month: July 2022
Lead Investors: Brighteye
Additional Investors: JME Ventures and Inveready
Company Website: https://twenix.com/
Software Category: e-learning SaaS
About the Company: Founded in Almería in 2017 by Daniel Delgado, Jorge Moreno, José Antonio Ruís, and Miguel Sanz, Twenix is an e-learning SaaS that helps teams in the business with their English knowledge acquisition. Twenix aims to cover the lack of English training focused on companies and professionals in the labor market. The company’s methodology is based on improving verbal communication and is aimed at enabling users to put their knowledge of the English language into practice from day one. Based on 1to1 classes with teachers from all over the world, the users are immersed in situations that they would find in their place of work or personal environment, obtaining the necessary tools to achieve their objectives through the language. Twenix works with over 230 teachers from all over the world, has tripled the number compared to June of last year, and in only 6 months they have exceeded all of the classes taught in 2021. It has a presence in Madrid, Barcelona, and Milan.
Source: https://techfundingnews.com/edtech-startup-twenix-strives-to-make-communicating-in-english-seamless-scoops-e3-5m/