Live online school Colingo secures USD2.4 million in seed funding
Live online school Colingo has raised USD2.4 million in a seed funding round led by Atlas Ventures, as announced by the company's founder Ben Lowenstein, according to a report published by TechCrunch today.
Colingo will use the newly raised funding to hire more teachers and develop its English-language learning system. Morado Ventures, 500 Startups, Social Leverage, and Havoc Capital contributed to this financing round. Angel investors including Dogster founder Ted Rheingold, Chegg founder Aayush Phumbhra, and Khosla partner Ben Ling also participated in the round, the report said.
Today is the official launching of Colingo, but the firm has already built its English-language foundation more than a year ago. To date, the startup has 27 teachers, over 70 curricular skills, and more than 150,000 students from 180 countries to date in its network.
The English-learning startup takes a web-first approach to link language learners and native speakers and teachers. Using Google Hangouts video chat, students can learn English through immersion and conversation. Colingo's services include a free 7-day trial, a USD50/month unlimited access program, and a USD150/month "Personal Teacher" plan, TechCrunch reported.