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Security Type
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Debt
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Categories
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Education, Entertainment, Technology
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Min Investment
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$250
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Offering Date
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October 15, 2021
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Expected Close Date
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April 30, 2022
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Target Raise
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$100.00K-$1.07M
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No. Investors
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164
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Security Price
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$1
- Number of Employees
- 7
- Cash
- $66,801
- Revenue
- $7,481
- Short Term Debt
- $64,702
- Cost of Goods
- $2,850
- Long Term Debt
- $448,781
- Net Income
- $-504,177
Company Description
Traditional language learning methods are ineffective and unenjoyable. In a fast-growing market of hungry language-learners, FabuLingua is the freemium subscription app based on learning science that harnesses the power of stories and gameplay to teach kids new languages more effectively and enjoyably than ever.
Key Deal Facts
Voted Best New Language Learning Technology - 2021 Launchpad Int'l Language Education Competition
Founding team: CEO lead mobile app to NASDAQ IPO + background in linguistics & psychology + mobile game expert
Education meets Gaming. Language learning market doubles to $115B by 2025; mobile gaming will grow to $272bn by 2030
Freemium subscription for teachers & families (B2B2C); recurring revenue platform + gameplay monetization
90,000 downloads in 20 months, 75% of trials convert to paying subscribers
Children's digital language market is the next big growth story; planned rollout in multiple languages & markets
Advisors incl. growth leader of Honey & Acorns, founder of Friendster + Professor at Princeton
Female, Latina-founded with diversity and access at the heart of its mission
Use of Proceeds
64% towards product development for game mechanics & teacher module; 20% to marketing support; 10% to general corporate; 6% towards WeFunder fees.
Management Team / Advisory Board Bios
Mark Begert, CEO + Co-founder
Founding member/CFO of China mobile app pioneer Linktone scaling company & leading NASDAQ IPO.
Leslie Begert, Pedagogy & Co-founder
Goldman Sachs, L’Oréal, Oxford Psychology + Cambridge Social Anthropology, Multilingual
Joseph Urban, Product
Mobile gaming + digital director + UI/UX design + art + publishing - AppLovin (Lion Studios), Jam City
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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Valuation
Security Description
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.