UAE Startup Verbatica Raises $700K in Angel Investment
Demo testing of the platform is set to begin on August 15th.
UAE-based edtech startup Verbatica has raised $700,000 from angel investors to develop its educational platform for learning English and Arabic.[1]
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This funding will support Verbatica's expansion into the Middle East and North Africa and prepare for a second funding round in November 2024, where the company aims to raise an additional $2 million. Verbatica also plans to extend its services to Indonesia and eventually across Asia.
Co-founded by Nikita Savilov, a MGIMO alum with over ten years of experience at Skyeng, and Nikolay Morozov, Verbatica uses insights from over a hundred active teachers and employs adaptive AI to improve language learning. The platform offers both self-directed and teacher-assisted learning options, consolidating resources such as dictionaries and flashcards.
Verbatica’s Language Quotient (LQ) evaluates language proficiency in five areas: reading, listening, writing, speaking, and cultural understanding.
This includes engagement with the language’s culture through books, films, customs, history, slang, and social media.
Demo testing of the platform is set to begin on August 15th, with an official launch planned for the end of August to coincide with the start of the academic year.