About Blue Canoe
Blue Canoe is a company based in Bellevue (United States) founded in 2016.. Blue Canoe has raised $3.9 million across 4 funding rounds from investors including Qualcomm Ventures, AI2 Incubator and Fantail Ventures. Blue Canoe offers products and services including Blue Canoe App, Vocabulary Builder, Wordsmith, Listening and Reading Comprehension, and Interview Prep. Blue Canoe operates in a competitive market with competitors including Babbel, Rosetta Stone, Voxy, ELSA Speak and Lingumi, among others.
- Headquarter Bellevue, United States
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Sectors
EducationTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.9 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Qualcomm Ventures
& 4 more
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Employee Count
Employee Count
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Products & Services of Blue Canoe
Blue Canoe offers a comprehensive portfolio of products and services, including Blue Canoe App, Vocabulary Builder, Wordsmith, Listening and Reading Comprehension, and Interview Prep. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for practicing English pronunciation and comprehension interactively.
Tool to learn daily words through sentence activities and reinforcement.
AI feature for personalized feedback on sentence pronunciation practice.
Exercises for improving understanding of English conversations and texts.
Tool to practice job interview responses with feedback on grammar and vocabulary.
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Funding Insights of Blue Canoe
Blue Canoe has successfully raised a total of $3.9M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(08 Feb 2017)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Seed - Blue Canoe | Valuation | AI2 Incubator |
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| Mar, 2019 | Amount | Seed - Blue Canoe | Valuation | Foothill Ventures | |
| Oct, 2017 | Amount | Seed - Blue Canoe | Valuation | Kernel Labs |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Blue Canoe
Blue Canoe has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Qualcomm Ventures, AI2 Incubator and Fantail Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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AI-first startups are supported through incubation and expertise.
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Founded Year | Domain | Location | |
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Venture capital investing in technology sectors such as AI and automotive.
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Founded Year | Domain | Location | |
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Early-stage investments are made across multiple sectors by Fantail Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Blue Canoe
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Blue Canoe
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Blue Canoe Comparisons
Competitors of Blue Canoe
Blue Canoe operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Babbel, Rosetta Stone, Voxy, ELSA Speak and Lingumi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS-based language learning solutions are offered through interactive courses.
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| domain | founded_year | HQ Location |
Speech-recognition technology is utilized for language learning software solutions.
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| domain | founded_year | HQ Location |
English language learning through online courses and tutoring
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| domain | founded_year | HQ Location |
Developer of an application providing English language pronunciation and fluency training
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| domain | founded_year | HQ Location |
Interactive devices are utilized for pre-school English language learning.
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| domain | founded_year | HQ Location |
Web-based conversational english language learning platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Blue Canoe
Frequently Asked Questions about Blue Canoe
When was Blue Canoe founded?
Blue Canoe was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Blue Canoe located?
Blue Canoe is headquartered in Bellevue, United States. It is registered at Bellevue, Washington, United States.
Is Blue Canoe a funded company?
Blue Canoe is a funded company, having raised a total of $3.9M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.4M, raised on Feb 08, 2017.
What does Blue Canoe do?
Blue Canoe Learning was founded in 2016 in Bellevue, United States, within the edtech sector focused on corporate training. An app-based platform is provided to assist non-native English-speaking employees in improving pronunciation and business communication. Feedback is delivered through the mobile app using the Color Vowel system, speech recognition, and machine learning technologies. The app is accessible on Android and iOS devices for corporate users.
Who are the top competitors of Blue Canoe?
Blue Canoe's top competitors include Babbel, Voxy and Rosetta Stone.
What products or services does Blue Canoe offer?
Blue Canoe offers Blue Canoe App, Vocabulary Builder, Wordsmith, Listening and Reading Comprehension, and Interview Prep.
Who are Blue Canoe's investors?
Blue Canoe has 5 investors. Key investors include Qualcomm Ventures, AI2 Incubator, Fantail Ventures, Foothill Ventures, and Kernel Labs.
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