Livemocha is a very innovative and web based language learning solution got VC funding

By Vineet at December 22, 2009 | 8:51 pm | Print

What Company Is Offering:

Livemocha is a very innovative and web based language learning solution.It is integrating online instructional content with a global community of language learners. Livemocha is a venture funded company backed by Maveron, a leading Seattle based venture firm with tremendous consumer and e-learning expertise.

How Much It Got From VC Funding:

It has got $8 million in a Series B round of VC funding which is led by August Capital, with participation from existing investor Maveron.

How This Company Is Progressing:

Livemocha is growing worldwide, with over 4.8 million registered members from over 200 countries. Livemocha offers free and premium online learning courses for over 30 languages, led by the award-winning Livemocha Active English

About VC:

1.August Capital to invest in companies differentiated by technical innovation and entrepreneurial excellence. Today, August Capital’s six partners — Marquardt, Johnston, Andy Rappaport, David Hornik, Vivek Mehra and Howard Hartenbaum — have more than a century of combined venture and operational experience. Together they manage $1.3 billion and have invested in more than 75 companies across the technology spectrum.

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2.Maveron utilizes a unique investment platform to identify and invest in the most promising consumer businesses, accelerate their trajectory, and thoughtfully monetize these companies to maximize stakeholder value. This platform encompasses our people, our network, and our insight. It is set up to deliver superior financial returns through partnerships with the best and brightest entrepreneurs who are in the early- to mid-stages of developing strong and highly differentiated brands.
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