Twenix, an Almería-founded EdTech startup that helps professionals break down the barrier of communicating in English, has raised €3.5 million in its Series A funding.
The round was led by Brighteye, a leading European EdTech VC, which has also invested in companies such as Oneday and Skiller Whale. In addition, JME Ventures and Inveready have also participated in this round alongside numerous business angels.
With the fresh capital, the startup plans to strengthen its position in the international market, focusing on its establishment in Italy, as well as on further developing its methodology and digital platform. On the other hand, Twenix will seek to grow its business model by strengthening its reach and support to companies and businesses.
Founded in 2017 by Daniel Delgado, Jorge Moreno, José Antonio Ruís and Miguel Sanz, Twenix offers a methodology based on improving verbal communication and is aimed at enabling users to put their knowledge of the English language into practice from day one. Based on 1to1 classes with teachers from all over the world, the user is immersed in situations that they would find in their place of work or personal environment, obtaining the necessary tools to achieve their objectives through the language.
The company’s aim is to cover the lack of English training focused on companies and professionals in the labour market.
Commenting on the funding, Co-founder & CEO of Twenix, Jorge Moreno, said:
“We are very pleased that top-level partners such as Brighteye, JME, and Inveready continue to count on us to keep Twenix growing and breaking down the English communication barrier among professionals all around the world. This round of funding is essential to continue investing in the expansion to Italy, a market that excites us. After months of traction with very positive results, it represents a first step towards the internationalisation of Twenix in other European countries.”
Currently, the startup works with over 230 teachers from all over the world, having tripled the number compared to June of last year, and in only 6 months they have exceeded all of the classes taught during in 2021. It has a presence in Madrid, Barcelona and Milan.
Ben Wirz, Partner, Brighteye, added:
“Twenix gives businesses a uniquely affordable, efficient way to build language learning proficiency, unlocking incredible value for employers and employees alike. We’re very excited to help the team grow, enabling companies to better use English language training to attract, retain and grow talent across Europe.”
Taking the journey forward, Twenix plans to develop the platform with new improvements to be launched. One such improvement will be last-minute bookings – classes which can be booked just 15 minutes in advance. It will also launch a new service where users can access a library with different specialised content to reinforce other skills such as “listening” and “reading” and maximise their 1to1 class results.
Last year in December, Twenix had raised €2 million in a seed round from Banco Sabadell.
