About Tandem
Tandem is a company based in Berlin (Germany) founded in 2015. It operates as a Freemium, Two-Sided Marketplace, and EduTech. Tandem has raised $8.66 million across 5 funding rounds from investors including European Union, Brighteye Ventures and Trind VC. Tandem offers products and services including Tandem App. Tandem operates in a competitive market with competitors including Busuu, Speak, iTutorGroup, Lingoda and Lingumi, among others.
- Headquarter Berlin, Germany
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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 Tandem Fundazioa
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.66 M (USD)
in 5 rounds
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Latest Funding Round
$93.7 K (USD), Grant
Oct 01, 2023
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Investors
European Union
& 12 more
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Employee Count
Employee Count
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Products & Services of Tandem
Tandem offers a comprehensive portfolio of products and services, including Tandem App. 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.
Language exchange app connecting users for mutual learning.
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Funding Insights of Tandem
Tandem has successfully raised a total of $8.66M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $93.7 thousand completed in October 2023. 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 Grant — $93,704
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First Round
First Round
(01 Jun 2015)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Grant - Tandem | Valuation |
investors |
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| Oct, 2020 | Amount | Grant - Tandem | Valuation |
investors |
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| Jul, 2020 | Amount | Series A - Tandem | Valuation | Brighteye Ventures |
| 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 Tandem
Tandem has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include European Union, Brighteye Ventures and Trind VC. 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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Venture capital fund investing in the edtech sector
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Founded Year | Domain | Location | |
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Investments in ICT startups are made by Trind VC.
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Founded Year | Domain | Location | |
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Global tech startup investments are focused on by Rubylight.
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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 Tandem
| 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 - Tandem
| 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 |
Tandem Comparisons
Competitors of Tandem
Tandem 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 Busuu, Speak, iTutorGroup, Lingoda 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 |
Social networking for language learning is enabled via mobile platform.
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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 |
Interactive language training and on-demand expert learning are delivered online.
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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 |
Interactive devices are utilized for pre-school English language learning.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Tandem
Frequently Asked Questions about Tandem
When was Tandem founded?
Tandem was founded in 2015.
Where is Tandem located?
Tandem is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Who is the current CEO of Tandem?
Alex Mollart is the current CEO of Tandem.
Is Tandem a funded company?
Tandem is a funded company, having raised a total of $8.66M across 5 funding rounds to date. The company's 1st funding round was a Series A of $5.78M, raised on Jun 01, 2015.
What does Tandem do?
Tandem is a language learning platform where millions of users connect to teach and learn languages from each other. Native speakers are paired to practice target languages through text, voice, audio, and video interactions. Features like in-app translation and correction tools are provided to enhance communication. The app supports a global community across various countries, fostering cultural exchange alongside language skills. It operates in the EdTech sector, focusing on accessible, user-driven education solutions.
What products or services does Tandem offer?
Tandem offers Tandem App.
Who are Tandem's investors?
Tandem has 13 investors. Key investors include European Union, Brighteye Ventures, Trind VC, Rubylight, and GPS Ventures.
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