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Announced

Completed

Startup Venture Capital led a $27m Series B round in Speak.

Financials

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Transaction ValueĀ£22m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Minority

Domestic

Private

Digital Services

Venture Capital

Acquisition

South Korea

artificial intelligence

Private Equity

Completed

Friendly

e-learning

Single Bidder

Synopsis

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Startup Venture Capital, a venture capital firm, led a $27m Series B round in Speak, a South Korean startup that uses artificial intelligence to help people learn English, with participation from Lachy Groom, Josh Buckley, Justin Mateen, Gokul Rajaram, andĀ Founders Fund. The company intends to use the funds to accelerate development of new conversational language experiences through generative AI, faster expansion to new regions and languages, and hiring to support these goals.

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