Norrsken VC Europe backs India-based LanguifyAI for Seed Round
LanguifyAI raises seed round from Norrsken VC for an undisclosed amount. LanguifyAI is looking for raising a second tranche of investment of 700K USD for which they have received a 30% commitment. LanguifyAI has previously raised funds from Titan Capital, Smile Group, Goel Family Fund, CIIE, Alsiasar Impact, and several angels.
- (1888PressRelease) August 16, 2023 - LanguifyAI, a pioneering B2B SaaS company operating in the EdTech sector, has secured its initial investment tranche from Norrsken VC, headquartered in Sweden, Europe. This achievement is particularly noteworthy in today's challenging startup funding landscape, highlighting LanguifyAI's potential and innovative approach to education technology.
Alex Bakir, Norrsken Accelerator’s General Partner, shared, “The overwhelming quality and volume of applications for this year's program were awe-inspiring. With over 2500 applications from 112 countries, selecting the cream of the crop for the 2023 batch was no easy task.” LanguifyAI proudly stands among the top selections. Their dedication to improving the lives of students worldwide is evident in their pursuit of additional funding. The company is actively seeking a second tranche of investment totaling 700K USD, of which it has already received a 30% commitment. This financial injection will provide LanguifyAI with the resources needed to enhance its technology, expand its market reach, and continue reshaping the landscape of EdTech.
"We are excited about the investment from Norrsken VC and the possibilities it brings," stated Lokap Sahu, Founder and CEO of LanguifyAI. "Our commitment to improving education through technology remains steadfast. The support from Norrsken VC is a testament to our vision and the value our solutions bring to the industry."
This is not the first time LanguifyAI has attracted attention from prominent investors. In addition to Norrsken VC, the company has previously raised funds from notable entities such as Titan Capital, Smile Group, Goel Family Fund, CIIE, Alsiasar Impact, and several angel investors. These investments highlight the industry's recognition of LanguifyAI's potential to create meaningful change in the field of education technology by executing their mission to empower educators and provide 1-on-1 personalized learning at scale, affordably. They have launched their conversational AI, think of Alexa or Siri but for education. Support Languify in providing equitable access to education for every student across the globe : https://www.producthunt.com/posts/j-a-r-v-i-s-for-every-classroom
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