Fabulingua

Fabulingua

In explosive market, story-based mobile game disrupts the way children learn languages

View on Wefunder
Security Type
SAFE
Industry
Education
Min Investment
$100
Location
Austin, TX
Offering Date
October 15, 2021
Expected Close Date
January 13, 2022
Security Price
$1

Use of Proceeds

64% towards product development for game mechanics & teacher module; 20% to marketing support; 10% to general corporate; 6% towards WeFunder fees. 

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

Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments