EdTech’s Global Language Learning Marketplace Kicks Off $ 500,000 | Texas News
MCKINNEY, Texas, December 7, 2021 / PRNewswire-PRWeb / – Language learning market, an early stage EdTech marketplace and a PaaS startup, announced the opening of a Seed Round, a fundraising $ 500,000, scheduled to close in the first quarter of 2022. Language Learning Market is a multinational C-Corp owned and run by women, with offices in Mexico, India, Jordan, and headquartered at the MillHouse in McKinney, Texas.
The company will direct the funds raised to resources that will accelerate growth as a global platform for the educational resources industry. Specific investments in Marketplace team support, strategic partnerships, key marketing initiatives and operations will drive site traffic and revenue growth. Language Learning Market has received grants from the McKinney Economic Development Corporation (MEDC) Innovation Fund, Impact Ventures, WomensNet and IFundWomen for EdTech Innovation and Timely Business Plan.
“With overwhelmingly positive feedback from early investors and our extensive network of advisors, we are confident and eager to raise these funds to take the language learning market to the next level. ” Allison monroe, founder and CEO.
Benjamin Vann, Executive Director of Impact Ventures, is one of the first investors. Vann says: “As the world becomes more and more integrated and divided at the same time, the need for communication is greater than ever. We have invested in Language Learning Market (LLM) because the company is poised to bridge the communication gap, one language learner at a time, with their single market solution. Most importantly, we have invested in hard-working LLM founders who not only have the ability to articulate their vision, but have also demonstrated their strong ability to execute from launch to growth. “
Education, one of the world’s largest industries, is expected to reach $ 7.3 trillion by 2025 in total global government, business and consumer spending. However, the global language learning industry is unorganized and disconnected, which has only been exacerbated by the COVID-19 pandemic.
The language learning marketplace organizes and curates educational resources in all languages on three separate platforms, connecting parents and educators with the best learning resources in the world.
1. Online market to buy and sell educational resources in any language (think, Etsy)
2. Education Industry Directory with businesses, school listings and reviews (think, Trip Advisor)
3. Global network of media influencers is dedicated to expert advice and brand advertising (think, TED-Ed)
Allison monroe and its leadership team, launched the platforms in 2021, at a pivotal time as the COVID-19 pandemic has further highlighted the need for a centralized place where parents and educators can reliably find the best educational resources in several languages. “Last year, the future of education turned to online learning and digital products, prompting parents and educators around the world to scour the internet for the best educational resources. We bring together the best of global education in one place, ”says Monroe.
The popularity of the market has skyrocketed and now represents 2,000 billion dollars one year of global sales. In addition, the global language learning market is on track to reach $ 77 billion by 2024.
Monroe says, “We have built beautiful and robust collaborative and participatory platforms, with automated systems and low overhead that create passive income for everyone involved. It is an exciting time to be an entrepreneur with the technology available and furthermore, in EdTech, the explosive growth of global online education. Global e-learning alone is expected to triple in 4 years for 350 billion dollars. We are well positioned to take our business to the next level with this funding. “
About the language learning market
Language Learning Market, launched in 2021 and based in McKinney, Texas, is a global online marketplace and directory of educational resources in all languages. Language Learning Market seeks to find the best learning resources from around the world under one roof. The company is made up of 3 platforms; an online marketplace for buying and selling educational resources, a directory of education companies and schools, and a global media network dedicated to education for all.
Hiba Hamati, Language Learning Market, 1 972-439-1669, [email protected]
SOURCE language learning market