Speak, which was launched in 2014, is designed to teach language by having users learn speaking patterns and practice repetition in crafted lessons. The company started with English and has since launched lessons in Spanish, with French lessons coming soon. The app charges $20 per month, or $99 per year, for access to all features. The company's future plans include developing new models that deliver better real-time feedback on tone and pronunciation.
Key takeaways:
- Language learning app Speak has grown to over 10 million users since its launch in South Korea in 2019, doubling its user base every year for the last five years.
- The company recently closed a $20 million Series B extension, bringing its total raised to $84 million and doubling its valuation to half-a-billion dollars.
- Speak's method of teaching language focuses on speaking patterns and practice repetition in crafted lessons, rather than memorizing vocabulary and grammar.
- The company plans to develop new models that deliver better real-time feedback on tone and pronunciation, and is set to launch French lessons in the future.