About Busuu
Busuu is a company based in London (United Kingdom) founded in 2008 by Bernhard Niesner was acquired by Chegg in November 2021.. Busuu has raised $11.17 million across 5 funding rounds from investors including McGraw Hill, Chegg and GP Bullhound. Busuu has completed 1 acquisition, including Verbling. Busuu operates in a competitive market with competitors including Tandem, Speak, Lingoda, Verbling and Cakap, among others.
- Headquarter London, United Kingdom
- Founders Bernhard Niesner
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Sectors
Education
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Busuu Limited
- Date of Incorporation 08 Aug, 2012
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.17 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
McGraw Hill
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Chegg
(Nov 29, 2021)
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Funding Insights of Busuu
Busuu has successfully raised a total of $11.17M across 5 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 5
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2020 | Amount | Series B - Busuu | Valuation | GP Bullhound |
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| Jul, 2015 | Amount | Series B - Busuu | Valuation | McGraw Hill |
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| Oct, 2012 | Amount | Series A - Busuu | Valuation |
investors |
| 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 Busuu
Busuu has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include McGraw Hill, Chegg and GP Bullhound. 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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M&A and strategic advisory firm
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Founded Year | Domain | Location | |
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VC firm investing in Europe
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Founded Year | Domain | Location | |
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Educational materials and adaptive learning tools are provided for students.
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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 Busuu
Busuu has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Verbling. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Offering solutions for live video language learning
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Busuu
| 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 |
Busuu Comparisons
Competitors of Busuu
Busuu 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 Tandem, Speak, Lingoda, Verbling and Cakap, 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 |
A language learning app facilitating user-driven conversation exchanges.
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| domain | founded_year | HQ Location |
Speak is recognized as an AI-driven language learning application.
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| domain | founded_year | HQ Location |
Online language tutoring is delivered via native speakers.
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| domain | founded_year | HQ Location |
Offering solutions for live video language learning
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| domain | founded_year | HQ Location |
Multiple languages are taught via online SaaS and app 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 Busuu
Frequently Asked Questions about Busuu
When was Busuu founded?
Busuu was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Where is Busuu located?
Busuu is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Busuu?
Bernhard Niesner is the current CEO of Busuu. They have also founded this company.
Is Busuu a funded company?
Busuu is a funded company, having raised a total of $11.17M across 5 funding rounds to date. The company's 1st funding round was a Series A of $4.57M, raised on Feb 01, 2010.
What does Busuu do?
Busuu was founded in 2008 in London, United Kingdom, as a mobile-based platform in the edtech sector focused on language acquisition. Audio-visual courses in multiple languages are accessed by users, while skills are practiced through community interactions with native speakers via video chat and peer text corrections. An app for children and professional business courses are also offered, with the mobile application available on Android and iOS devices.
How many acquisitions has Busuu made?
Busuu has made 1 acquisition, including Verbling.
Who are Busuu's investors?
Busuu has 4 investors. Key investors include McGraw Hill, Chegg, GP Bullhound, and PROfounders Capital Partners.
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