WordDive
Artificial intelligence based application for learning languages.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €800k | Seed | |
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 18 % | 2 % | 48 % | (4 %) | 36 % | 34 % | 63 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (5 %) | (45 %) | 3 % | (41 %) | (42 %) | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (13 %) | (45 %) | (4 %) | (51 %) | (60 %) | 66 % | (45 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 119 % | 117 % | 158 % | - | - | - | - |
Source: Company filings or news article
Related Content
WordDive Oyj operates as a digital language learning platform, providing services through both mobile and web applications. The company, headquartered in Tampere, Finland, was established in 2010 by Timo-Pekka Leinonen, who currently serves as the CEO. Before founding WordDive, Leinonen had a 19-year career at Nokia, where he held global business responsibility for a network management system with revenues of €400 million.
The company's business model is based on subscriptions, offering individuals, corporations, and educational institutions paid access to its language courses. Customers can purchase licenses for 3, 6, or 12-month periods, which provide access to all levels of a chosen language. WordDive has successfully raised capital through multiple funding rounds, including securing $263K in a Seed round in January 2017 and an additional €1.5 million via Privanet in April 2018.
WordDive's core service revolves around its patented learning algorithm, which personalizes the learning pace and exercises for each user. This technology, which received a U.S. patent in 2018, utilizes artificial intelligence and involves multiple senses to help transfer vocabulary and grammar from working memory to long-term memory. The platform offers courses in 10 languages, with all content developed by language teachers and audio recorded by native speakers. The service is designed for goal-oriented adults, offering the flexibility to learn anytime, and includes specialized prep courses for Finnish high school exams, which have proven popular in Finland and Germany.
The platform has gained significant traction, reporting 850,000 users across 150 countries by 2020. The company has also received several accolades, including being named the Best e-Learning Solution in Finland in 2011, the Best Mobile Service in Finland in 2014, and a Red Herring Europe Top 100 winner in 2015. In 2018, Education Alliance Finland certified WordDive for its pedagogical quality.
Keywords: language learning app, EdTech, online language courses, personalized learning, subscription model, Finnish startup, mobile learning, vocabulary acquisition, artificial intelligence in education, e-learning platform, grammar exercises, language proficiency, digital education, patented learning method, Timo-Pekka Leinonen, Tampere, corporate language training, exam preparation courses, self-paced learning, multi-sensory learning