Speak

Speak Raises $78M in Series C

Speak has successfully raised $78M in a Series C at a $1B valuation led by Accel, Buckley Ventures.

Company Overview

Speak is a EdTech company headquartered in San Francisco, CA, founded in 2016 with 200+ employees.

AI-powered language learning app

Fundraising Details

• Amount Raised: $78M
• Round Type: Series C
• Valuation: $1B
• Date: 2024-12-13
• Investors: Accel, Buckley Ventures

About Speak

AI-powered language learning app The company is positioned in the EdTech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: San Francisco, CA
• Founded: 2016
• Team Size: 200+
• Industry: EdTech

What This Means

This funding round demonstrates strong investor confidence in Speak's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The EdTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Speak's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1B valuation marks an important milestone for Speak, positioning the company among notable players in the EdTech industry.

Looking Ahead

With this new capital, Speak is well-positioned to execute on its growth strategy and continue building innovative solutions in the EdTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-12-13. For more information about Speak, visit their headquarters at San Francisco, CA.