Amount Raised
$22.5 Million
Round Type
series c
Investors
LohGlobal VenturesMonk’s Hill VenturesGradient VenturesDevelopment Bank Of JapanVietnam Investments GroupAozora BankUni PresidentUob Venture Management
Description
ELSA, the English language learning platform, announced today it has raised $22.5 million in Series C funding. It also launched ELSA AI Tutor, which draws on years of speech recognition data collected by the app and reproduces conversations through generative AI to help learners correct their pronunciation, grammar and tone. This brings ELSA’s total raised so far to $60 million.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech