Voxy raises $2.8 Million for Language Learning Application

Voxy, the company based in Roseland, New Jersey, has recently announced the end of the first round of funding for the company, which has brought them an infusion of capital of $2.8 million. The company specializes in developing software solutions for learning languages in an easy and fun way. This first funding round has been led by Seavest Inc., along with ff Venture and Contour Ventures. This means that Seavest, Inc. and at Contour Ventures are going to join Voxy’s investor base and to join off the Asset Management and several other new and existing angel investors.

This money is intended to be used for the expansion of the product designed by Voxy and the company in itself. The firm intends to use this amount of funding in order to finance the release of a new line of products which are going to make the process of learning foreign languages a lot easier. They are mainly referring to the release of new lectures on learning languages which are going to be held and supported by modern devices such as iPhones and web platforms. If we are to think about it that way, the results of the company are already significant, as Voxy already finds itself on the top 10 products specially designed for iPhones which can be found in the education segment.

The company’s site also announces the fact that this new funding round has brought the company the resources in order to launch the learning language application for iPhones in Brazil as well. This means that a new application has been designed; that of learning English for Portuguese speakers. There are lots of advantages to this new learning technique, the most important of which being that the application is totally free. Moreover, as the language lessons are specially designed by a nation, this makes it easier and more fun for the local speakers to learn the foreign language. For the moment, the company declares that the reception they have had on their product from their Brazilian users has been incredibly positive. It has been noticed that, in 48 hours since the launch, the “Aprenda Inglês” application became the number one education application across the country, reaching the 5th place on the overall top of free applications released in Brazil.

The release of this new free application in Brazil has also been covered by the Brazilian media, which actually points out to the importance of the product on the Brazilian market and on the effects this release has had upon the users of the product.

The money raised for funding is also being used for the expansion of the company’s staff which has been widely expanding over the last few months. By these means, the company intends to increase the popularity of the product and to improve the quality of the language learning application in order to reach more users quicker and to keep them as satisfied as possible.