Memrise
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 5.9m | 10.3m | 10.1m | 10.1m | 10.0m | 9.9m | 10.1m |
% growth | 174 % | 74 % | (2 %) | - | (1 %) | (1 %) | 2 % |
EBITDA | (<1m) | (<1m) | <1m | <1m | (<1m) | - | - |
% EBITDA margin | (10 %) | (7 %) | 2 % | 9 % | - | - | - |
Profit | (2.5m) | (3.9m) | (1.3m) | (2.2m) | (1.1m) | - | - |
% profit margin | (42 %) | (38 %) | (13 %) | (21 %) | (11 %) | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Seed | ||
N/A | $18.0k | Seed | |
$60.0k | Seed | ||
$1.1m | Seed | ||
N/A | $5.1m | Series A | |
N/A | Support Program | ||
* | $15.5m | Series B | |
Total Funding | CAD29.7m |
Related Content
Recent News about Memrise
EditMemrise is a language learning platform that leverages memory techniques and machine learning to help users become multilingual. Founded on the principles of serious research, Memrise aims to radically change the ability of normal people to learn new languages. The platform serves a diverse client base of over 65 million learners in 189 countries, ranging from casual learners to serious polyglots. Operating in the online education market, Memrise offers a freemium business model where users can access basic features for free and pay for premium features. Revenue is generated through subscription fees for premium content and features, which include advanced learning tools, offline access, and personalized learning plans. The company's core product is its mobile and web application, which provides interactive language courses, memory-enhancing techniques, and progress tracking. Memrise's commitment to continuous improvement is evident in its regular updates and new feature rollouts, ensuring that users have access to the latest advancements in language learning technology.
Keywords: language learning, memory techniques, machine learning, multilingual, online education, freemium model, mobile app, web app, interactive courses, progress tracking.