Memrise raises $15.5M as its AI-based language-learning app passes 35M users

Memrise, a UK startup whose eponymous language-learning app employs machine learning and localised content to adapt to users' needs as they progress through their lessons, has raised another $15.5 million in funding to expand its product. The funding comes after a period of strong growth: Memrise has now passed 35 million users globally across its 20 language courses, and it tipped into profitability in Q1 of this year. Ed Cooke, who co-founded the app with Ben Whately and Greg Detre, told TechCrunch that this places it as the second-most popular language app globally in terms of both users and revenues. This round, a Series B, was led by Octopus Ventures and Korelya Capital, along with participation from existing investors Avalon Ventures and Balderton Capital. Memrise is not disclosing its valuation -- it has raised a relatively modest $22 million to date -- but Cooke (who is also the CEO) said the plan will be to use the funding to expand its AI platform and add in more features for users.