Babbel
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 84.0m | 106m | 124m | 147m | 121m | 270m | 205m |
% growth | 25 % | 27 % | 16 % | 19 % | (18 %) | 123 % | (24 %) |
EBITDA | (9.0m) | (10.0m) | <1m | (20.0m) | - | - | - |
% EBITDA margin | (11 %) | (9 %) | 1 % | (14 %) | - | - | - |
Profit | (9.0m) | (12.4m) | (3.0m) | (23.6m) | - | - | - |
% profit margin | (11 %) | (12 %) | (2 %) | (16 %) | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Spinout | ||
N/A | Growth Equity VC | ||
$1.3m | Grant | ||
$10.0m | Series B | ||
* | $22.0m | Series C | |
Total Funding | €30.3m |
Recent News about Babbel
EditBabbel is an innovative online language learning platform that aims to make language acquisition accessible and enjoyable for everyone. The company operates in the global e-learning market, providing interactive courses in 14 different languages, including Dutch, Spanish, French, and German. Babbel's primary clients are individuals looking to learn a new language for personal, professional, or travel purposes. This includes students, professionals, and retirees from various countries around the world.
Babbel's business model is subscription-based. Users can access a limited amount of content for free, but to unlock the full range of courses and features, they need to subscribe to a paid plan. These plans are available on a monthly, quarterly, or annual basis, providing flexibility to suit different learning paces and budgets. The company generates revenue through these subscription fees.
The platform's courses are designed by a team of language experts and educators, ensuring that the content is both effective and engaging. Babbel uses a combination of interactive lessons, real-life dialogues, and speech recognition technology to help users develop their speaking, listening, reading, and writing skills. The lessons are tailored to the user's native language and learning goals, making the learning experience personalized and efficient.
In addition to individual subscriptions, Babbel also offers corporate solutions, allowing businesses to provide language training to their employees. This B2B (business-to-business) service helps companies enhance their workforce's language skills, which can be crucial for international operations and communication.
Babbel's commitment to quality and user satisfaction has earned it numerous awards and a strong reputation in the e-learning industry. The company continues to innovate and expand its offerings, aiming to bridge language barriers and foster mutual understanding across cultures.
Keywords: language learning, e-learning, subscription-based, interactive courses, global market, personalized education, speech recognition, corporate solutions, multilingual, user-friendly.