Memrise Closes $1.05M Funding

Funding Rounds

▤ Summary

Memrise, a London, UK-based online learning platform startup, has closed a $1.05m funding.Backers include Avalon Ventures, Balderton Capital, Matt Mullenweg’s Audrey Capital and Lerer Ventures, as well as angels including Nabeel Hyatt, former head of Zynga Boston, Jeff Hammerbacher, former head of data at Facebook, and Bill Warner, founder of Avid.The company intends to use the capital to continue to develop their platform, content and tools, adding mobile apps and more languages.Founded by Greg Detre and Ed Cooke, Memrise aims to brings together ideas from the science and practice of learning with game dynamics and a community element to help people learn quickly and in a social and enjoyable way.The community continuously creates and curates content with friendly competition between members to incentivize learning.

$ Funding

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Amount $1.1M Total raised
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Date February 16, 2012 Announcement date
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Investors - Lead investors
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Company http://www.memrise.com Funded company

▥ Classifications

industries
HealthTech
applications
EduTech - learning

◇ AskAI Classifications

Labels
SaaS EdTech Software Language Learning Software

▦ Linked Companies

Memrise
$10M to $25M