News from a veteran amongst the language learning communities: Palabea that had first launched its service in 2007 in public beta just received an investment of 1 million + Euro from the Investitionsbank Berlin Brandenburg (IBB) which turns the language learning community into one of the best funded startups in education 2.0.
I was lucky that both Regine Haschka-Hellmer, CMO and Matthias Spanic, CSO of Palabea agreed to get interviewed for KWestions on short notice.
After some tweaking and changes around the team and company structure, Palabea have now set focus on some distinct areas in the online language learning market. The new money will be invested in a cloud and mobile solution besides some investment in the team, of course.
The Palabea team currently focus on 9 different languages one is able to learn in the community and it was particularly interesting to hear that a main focus will be on game mechanics to make the learning experience a fun one.
For the business model itself, Palabea see themselves distinct from their competitors in the market by not only offering a marketplace for language learning but also a subscription based solution and as a third revenue stream a software as a service solution for teachers and schools.
It was a pleasure catching up on the news with both Regine and Matthias and I’m sure we are going to regularly hear news from this Berlin based start-up.