Language tutoring platform Fluentify gets £1.5m backing for French expansion

Online language tutoring platform Fluentify has secured a seven-figure investment to develop its product and expand across the channel.

The London-headquartered company will use the £1.5m boost to scale its operations in the French market, develop its face-to-face team and drive research and development.

Fluentify works to help people perfect their spoken English for conversational and business use.

The new investment included backing from Stefano Marsaglia, managing director and founder of private equity firm Peninsula Capital, and private investment from an Italian family.

It follows an initial £280k in funding when Fluentify was founded by entrepreneurs Giacomo Moiso, Claudio Bosco and Matteo Avalle. In its early days, the company was aimed at individuals working at B2B companies that import and export.

Fluentify’s mission is to simplify the language-learning process. Its integrated video conferencing platform connects learners with fully qualified teachers for 30-minute sessions using AI and machine learning software.

CEO Giacomo Moiso said: “The latest commitment to Fluentify, from two key investors, is testament to the pace of the company’s growth and the potential for its language learning mission.

“Bilingualism can offer individuals a competitive edge in the job market and we’re seeing increasingly strong demand for the product as a result.”

He added: “We look forward to scaling up our presence in Europe and beyond in the coming months.”

Fluentify COO Claudio Bosco commented: “We are really proud to see that Stefano is investing in Fluentify further. This is really important for the company’s future growth and network.”

Peninsula Capital’s Stefano Marsaglia said: “In a crowded category of language learning tools and applications, Fluentify already stands out with a unique value proposition and ability to provide personalised tuition from fully qualified, experienced teachers.

“I’m excited to be investing in Fluentify, recognising the company’s continued growth and ability to fulfil its potential.”