A wide range of language applications are supported by investors and business leaders, with development prospects in China, the US, and post-Brexit Britain. The year 2022 was a banner one for edtech industry. According to Dealroom, investment into European firms reached a record-high of €1.5 billion this year, more than double the €653 million number for 2020. The epidemic has sparked the development of more creative methods for online language teaching and learning, and investors seek to capitalize on this expanding sector.

Language learning is a lucrative industry. Students who travel to the UK to learn English annually contribute £2 billion to the national economy. Additionally, it is a market that lends itself to the adaptability of mobile learning, and sure enough, there are over 350 language learning applications available on the Apple App Store alone that aim to cover the gaps.

However, the field of German language technology is difficult to excel in. Technology is evolving quickly, therefore companies have to adapt in order to thrive.

We asked investors to list their best edtech businesses that are presently flying under the industry's radar because the field is gaining traction. They selected them. 

Memrise

Memrise, a language business headquartered in the UK and inspired by the worldwide market, provides courses built around the most recent language learning methodologies. The co-founders of Memrise, Ed Cooke and Ben Whately, first met at the University of Oxford, and Whately afterwards moved to China to immerse himself in the culture. He started off by teaching German before starting enterprises with Chinese partners. His language learning ideas were founded on his personal experiences.

Tandem

Languages have never come easily to Arnd Aschentrup, creator of Tandem, who pairs together language learners for video discussions. However, you must quickly understand what clients desire. Aschentrup and his partners founded Vive in 2012 after having already built two internet companies, including a mobile community. The mobile video community that enables users to communicate with like-minded people worldwide was branded the "anti-Chatroulette". But as Aschentrup notes, "we rapidly discovered that what users truly desired from the community was language practice. 

Lingvist

At CERN, Mait Müntel was using Lingvist to simultaneously study the local language and do particle research. But things weren't going so well. So he created software that evaluates your degree of language proficiency and decides how you should proceed. The startup from Tallin already supports four languages: French, German, Russian, and Spanish, and it already has 1 million users.

Mondly

Mondly is one of the most well-known language-learning programs available today. Mondly listens to your words and phrases using cutting-edge AI technology, and only rewards you if you did it correctly. There are four features available: mondlyWORKS, a software program for enterprises to learn foreign languages; mondlyVR; an AR app with speech recognition and chatbot - mondlyAR; and mondlyKIDS, a no-cost educational game. This Romanian start-up is the closest thing to a traditional classroom for language education, according to Bloomberg, for a good reason.

Beelinguapp

Learning languages is approached in a pretty novel way via Berlin-based Beelinguapp. Users may read, highlight, and repeat lines while using it as an audiobook with a karaoke reading style and a pronunciation practice option. It works by displaying texts in two distinct languages side by side. There are currently materials accessible in 13 languages, with three different degrees of difficulty for fairy tales, news, science articles, and novels.

LiveXP tutors

LiveXP is a platform for online language learning and teaching. Users may plan and provide individual lessons, create pre-recorded courses, host and watch live streams, and more. A community where people can attend classes and practice their language skills with others, LiveXP is more than just a platform. Finding a tutor who can assist you with practice is one of the finest methods to learn German and do it efficiently. On LiveXP, there are many online German tutors that may be a great help to language students.

Play2Speak

Play2Speak is a firm established in Madrid that uses virtual reality, artificial intelligence, and digital storytelling to help individuals become more fluent in English. One game, for instance, immerses players in a marine voyage where they may converse with computer-generated individuals and improve their language skills in natural settings. Finally, the individualized report system of Play2Speak assesses the user's English pronunciation, vocabulary, and fluency. Just turn on your VR headset and start having fun.

Speak

A social technology company called Speak. SPEAK arranges meetings and a language-exchange program to connect those who are new to the city with others who already live there.The goal is to eliminate linguistic barriers while also encouraging diversity, multilingualism, and the eradication of prejudice. Speak social, a company with locations around Europe but its headquarters in Lisbon, was named one of the top 100 European businesses driving digital transformation in 2018 by Google and the Financial Times.

Chatterbox

Through online and in-person German language sessions, this platform for language learning unites the linguistic skills and cultural insights of refugees with language learners. Mursal Hedayat, an Afghani immigrant who spoke four languages but had trouble finding employment, started it. Based in London, classes are given for businesses, people, and educational institutions in a variety of languages, including Bengali, Somali, Swahili, and Urdu.