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UAE-based Startup Verbatica Secures USD 700K From Angel Investors

UAE-based Startup Verbatica Secures USD 700K From Angel Investors

– Verbatica has secured $700,000 in angel investments to enhance its educational platform for English and Arabic, with plans to enter the MENA market and seek an additional $2 million in a funding round set for November 2024. The company also aims to expand into Indonesia and Asia.

– The platform integrates insights from over 100 active teachers and utilizes adaptive AI to support both independent and teacher-assisted learning. It features a Language Quotient (LQ) that assesses proficiency in reading, listening, writing, speaking, and cultural understanding.

– The startup will begin demo testing on August 15 and officially launch by the end of August. CEO Nikita Savilov cited the UAE’s diverse population and high demand for language learning, noting a significant Russian presence among property buyers as a key factor in launching the platform there.

UAE-based startup Verbatica has raised $700,000 in angel investment to advance its innovative educational platform for learning English and Arabic.

This funding will facilitate the company’s expansion into the Middle East and North Africa and support preparations for a second funding round scheduled for November 2024. Verbatica plans to extend its services to Indonesia and eventually across Asia. In the upcoming November round, the company aims to secure an additional $2 million.

Co-founded by Nikita Savilov, an MGIMO alum with over ten years at Skyeng, and Nikolay Morozov, Verbatica leverages insights from over a hundred active teachers and employs adaptive AI to optimize language learning. The platform offers both self-directed and teacher-assisted learning options, consolidating resources such as dictionaries and flashcards.

A unique aspect of Verbatica is its Language Quotient (LQ), which evaluates language proficiency in five areas: reading, listening, writing, speaking, and cultural understanding. This includes deep engagement with the language’s culture through books, films, customs, history, slang, and social media, providing a well-rounded contextual learning experience.

Demo testing of the platform is set to begin on August 15, with an official launch planned for the end of August to coincide with the start of the academic year.

Nikita Savilov, Verbatica’s CEO, said that the UAE’s diverse population and high demand for language learning are considered  key factors for launching the project there.

He added that Russians were among the top three property buyers in the UAE in the first half of 2024, with high demand for learning English and Arabic for career growth and social adaptation.

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