About Speak
Speak is a company based in San Francisco (United States) founded in 2016 by Andrew Hsu and Connor Zwick. It operates as a Freemium, Subscription Services, and EduTech. Speak has raised $141.5 million across 8 funding rounds from investors including OpenAI, Accel and Khosla Ventures. Speak offers products and services including Speak Tutor. Speak operates in a competitive market with competitors including Tandem, Busuu, Lingoda, Verbling and Cakap, among others.
- Headquarter San Francisco, United States
- Founders Andrew Hsu, Connor Zwick
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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
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- Legal Name Speakeasy Labs, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$141.5 M (USD)
in 8 rounds
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Latest Funding Round
$78 M (USD), Series C
Nov 13, 2024
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Investors
OpenAI
& 14 more
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Employee Count
Employee Count
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Products & Services of Speak
Speak offers a comprehensive portfolio of products and services, including Speak Tutor. 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.
AI tutor provides personalized language learning and feedback.
Funding Insights of Speak
Speak has successfully raised a total of $141.5M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $78 million completed in November 2024. 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 8
- Last Round Series C — $78.0M
- First Round First Round
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2024 | Amount | Series C - Speak | Valuation | Accel | |
| Jun, 2024 | Amount | Series B - Speak | Valuation | Buckley Ventures | |
| Aug, 2023 | Amount | Series B - Speak | Valuation | Lachy Groom |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Speak
Speak has secured backing from 15 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include OpenAI, Accel and Khosla 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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Accel is recognized as a leading venture capital firm.
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AI-based companies are funded through venture capital investments.
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Early-stage startups are funded by this venture capital firm.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 Speak
| 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 - Speak
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Speak Comparisons
Competitors of Speak
Speak 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, Busuu, 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 |
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| domain | founded_year | HQ Location |
A language learning app facilitating user-driven conversation exchanges.
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| domain | founded_year | HQ Location |
Social networking for language learning is enabled via mobile platform.
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| domain | founded_year | HQ Location |
Online language tutoring is delivered via native speakers.
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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 |
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Multiple services are booked via an app-based platform.
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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 Speak
Frequently Asked Questions about Speak
When was Speak founded?
Speak was founded in 2016.
Where is Speak located?
Speak is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Speak?
Connor Zwick is the current CEO of Speak. They have also founded this company.
Is Speak a funded company?
Speak is a funded company, having raised a total of $141.5M across 8 funding rounds to date. The company's 1st funding round was a Series B of $16M, raised on Jun 01, 2016.
What does Speak do?
Speak is developed as an innovative language learning platform utilizing advanced AI technology. It is focused on helping users achieve fluency through personalized tutoring via Speak Tutor. The app is designed to encourage speaking practice with instant feedback across multiple languages including English, Spanish, French, Korean, and Japanese. Solutions are provided for individual learners seeking effective language acquisition. The platform operates within the EdTech sector, reimagining traditional language education methods.
What products or services does Speak offer?
Speak offers Speak Tutor.
Who are Speak's investors?
Speak has 15 investors. Key investors include OpenAI, Accel, Khosla Ventures, OpenAI Startup Fund, and Y Combinator.
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