Praktika Raises $32.5M in Series A to Advance AI-Powered Language Learning App
Praktika is pioneering in the field of AI-driven language education, focusing on creating immersive, tailored learning experiences.
Company Name: Praktika
Location: London, UK
Sector: Education Technology, AI Software
Funding Details: Raised $32.5M in Series A funding, following a previously unannounced $2.5M Seed round. The Series A was led by Blossom Capital, with participation from Creator Ventures, Blue Wire Capital, Carles Reina (ElevenLabs), and Patrice Evra (five-time Premier League champion).
Purpose of Investment: To enhance the app experience, improve avatar accuracy, add new languages including Spanish, French, and German, and establish new development hubs in Eastern Europe and the UAE.
Leadership: Led by CEO Adam Turaev, CTO Anton Marin, and CPO Ilya Chernyakov.
Product: Praktika offers a language learning app featuring personalized AI-powered avatars that provide an automated tutorship experience. These avatars adapt lessons to the learner’s specific needs and styles, offering interactions in various accents and continually refining their approach based on user interaction.
About Company: Praktika is pioneering in the field of AI-driven language education, focusing on creating immersive, tailored learning experiences. The company's innovative use of generative AI avatars sets it apart in the EdTech space, providing learners with a unique and effective way to acquire new languages.