Memrise Inc.
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Memrise Inc. - overview
Established
2010
Location
London, -, UK
Primary Industry
Education/Training
About
Memrise Inc. is an innovative language learning platform that offers a broad array of online courses to facilitate language acquisition for diverse learners worldwide. Founded in 2010 in London, UK, Memrise Inc. specializes in language learning applications that utilize authentic content and interactive features.
The company was co-founded by Ben Whately and Edward Cooke. Memrise has raised a total of USD 15. 5 mn, most recently through a Series B funding round on June 11, 2018, co-led by Korelya Capital and Octopus Ventures, with participation from returning investors Avalon Ventures and Balderton Capital. Memrise specializes in language learning applications that offer a diverse range of courses across various languages, including Spanish, French, German, and Arabic.
The platform incorporates authentic content, personalized learning pathways, and interactive features such as native speaker videos to enhance user engagement. Memrise's services are accessible via a user-friendly mobile app and website, designed to support learners from casual users to serious language enthusiasts, primarily marketed in North America, Europe, and parts of Asia. In the most recent year of 2023, Memrise reported a revenue of USD 9,533,231. 50 and an EBITDA of USD 2,064,969.
60, primarily generated through subscription models that provide users access to premium features and additional content. Memrise plans to advance its offerings with new products designed to enhance language learning experiences. The company is targeting expansion into new markets in Asia and Europe by 2025. The recent funding from the Series B round will be utilized to support these initiatives, particularly in enhancing product features and expanding marketing efforts to attract new users.
Current Investors
Avalon Ventures, Balderton Capital, Octopus Investments
Primary Industry
Education/Training
Sub Industries
Education & Training Website, Education & Training Services
Website
www.memrise.com
Verticals
Mobile Apps
Company Stage
Series B
Total Amount Raised
Subscriber access only
Memrise Inc. - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 4,941,025 | 8,575,383 | 8,412,681 | 8,424,247 | 8,368,523 | - | - | - |
| % Revenue Growth (YoY) | - | - | 73.6% | (1.9%) | 0.1% | (0.7%) | - | - | - |
| EBITDA (USD) | - | (521,219) | (1,065,385) | 172,961 | 812,475 | (8,882) | - | - | - |
| Operating Income (USD) | - | (2,365,212) | (3,243,592) | (2,213,600) | (1,796,155) | (2,901,082) | - | - | - |
| Operating Margin | - | (47.9%) | (37.8%) | (26.3%) | (21.3%) | (34.7%) | - | - | - |
| % EBITDA Margin | - | (10.5%) | (12.4%) | 2.1% | 9.6% | (0.1%) | - | - | - |
| NET Income (USD) | (1,239,309) | (2,061,077) | (3,243,592) | (1,078,420) | (1,795,950) | (952,375) | - | - | - |
| % Net Margin | - | (41.7%) | (37.8%) | (12.8%) | (21.3%) | (11.4%) | - | - | - |
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