Overview
Babbel GmbH, operating as Babbel, is a German subscription-based language learning software and e-learning platform, available in various languages since January 2008.
History
Babbel is operated by Babbel GmbH in Berlin, Germany. Babbel has around 450 full-time employees and freelancers. The company is based in the Berlin neighborhood of Mitte.
The company was founded in August 2007 by Thomas Holl, Toine Diepstraten, Lorenz Heine and Markus Witte. In January 2008, the language learning platform went online with community features as a free beta version. In 2008, Kizoo Technology Ventures and IBB Beteiligungsgesellschaft mbH became Babbel's first investors. Then, in 2009, Babbel was granted roughly one million euros by the ERDF European Structural Fund. The new product version, Babbel 2.0, went online in November 2009. At that time Babbel's founders decided against an advertising and mixed-finance model (freemium), opting for paid content.
In March 2013, Babbel acquired San Francisco startup PlaySay Inc. to expand into the United States. As part of the acquisition, PlaySay Founder and CEO Ryan Meinzer joined Babbel as a strategic advisor for its US operations.
From Wikipedia (CC BY-SA 4.0).