Babbel Named To Viva Technology and GP Bullhound’s “Top 100 Next Unicorns” List
Babbel was chosen for the list of the 100 most promising scale-ups in Europe
Viva Technology and GP Bullhound nominated Babbel as one of the “Top 100 Next Unicorns”
According to the 2019, 2020 and 2021 lists, more than 40% of the nominated companies have become unicorns, or reached a potential valuation of USD 1 billion or more, to date
Babbel, the learning platform that creates mutual understanding through language, has been named to Viva Technology and GP Bullhound’s "Top 100 Next Unicorns". This annual list of the 100 most promising scale-ups in Europe was compiled by Viva Technology, the largest startup and tech event in Europe, in partnership with global technology investment bank, GP Bullhound. It was also made possible with the support of Capgemini Ventures, European Innovation Council, White & Case and contributions from five of the world's most reputable investment funds: Accel, Balderton, Eurazeo, Northzone and Partech. This list highlights companies that possess the attributes to reach a potential valuation of USD 1 billion or more in the near future.
Julie Ranty, Managing Director of Viva Technology, said: "Once again, this year’s Top 100 scale-ups list demonstrates the extraordinary potential of European technology. Selecting only 100 potential future unicorns is becoming more and more challenging each year, given the exponential trajectory of European startups between 2021 and 2022. Our mission at Vivatech is to support the emergence of European digital champions. We are delighted that more and more startups are putting sustainability at the heart of their challenges, and their model”.
Arne Schepker, CEO Babbel, says, “We are honored to be listed among this elite group of European digital champions, who are being celebrated for not only their growth potential, but also their potential to have a positive social impact. Last year was a pivotal year for Babbel with the launch of our new LIVE virtual classes, as well as podcast and video lessons that are reaching millions of new users. We also have a committed Impact Team, who is increasingly busy with projects designed to create mutual understanding and embolden our commitment to corporate social responsibility. I am grateful for the teams who are driving this innovative work, scaling Babbel’s offering to serve learners around the world and amplifying our capacity to do good”.
Babbel’s blended language learning platform consists of the Babbel App, grounded in an expert-led learning methodology; Babbel Live virtual classes with qualified teachers; award-winning Babbel Podcasts, downloaded in the millions; and Babbel for Business (B2B) for corporate clients. Babbel believes the future of learning is in variety and guidance, with a human touch. This combination supports learners in achieving their language learning goals and in doing so, fulfills Babbel’s purpose of creating mutual understanding through language.
For more information, please contact Brittany Walters at bwalters@babbel.com.
About Viva Technology
VivaTech is the biggest startup and tech event in Europe and is recognized worldwide as a powerful catalyst for business transformation, startup growth and innovation for the common good. Since 2017 VivaTech has brought together in Paris the world's top business leaders, startups, investors, researchers, and thinkers for a unique experience combining inspiration, networking, and a showcase for innovation. Starting with the 2021 edition, VivaTech is now enriched with a digital platform that connects a global community of innovators. The sixth edition of VivaTech is taking place June 15-18, 2022. For more information, please visit www.vivatechnology.com.
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 10 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com.
About Babbel
Babbel develops and operates an ecosystem of interconnected online language learning experiences and is driven by the purpose of creating mutual understanding through language. This means building products that help people connect and communicate across cultures. The Babbel App, Babbel Live, Babbel Podcasts and Babbel for Business products focus on using a new language in the real world, in real situations, with real people. And it works: Studies by linguists from institutions such as Michigan State University, Yale University and the City University of New York demonstrated the efficacy of Babbel’s language learning methods.
The key is a blend of humanity and technology. Babbel offers more than 60,000 lessons across 15 languages, hand-crafted by nearly 200 didactics experts, with user behaviors continuously analyzed to shape and tweak the learner experience. This results in constantly adapting, interactive content with live classes, games, podcasts and videos that make understanding a new language easy, from Spanish to Indonesian.
Because Babbel is for everyone, its team is as diverse as its content. From its headquarters in Berlin and its U.S. office in New York, 1000 people from more than 80 nationalities represent the backgrounds, characteristics and perspectives that make all humans unique. Babbel sold over 15 million subscriptions by creating a true connection with users.
More information: www.babbel.com
