The investment is part of Voxy’s series B financing, which also includes Rethink Education, an investment fund focused on education technology.
The partnership means Pearson will become a key minority shareholder in Voxy and supports Pearson’s goal to use engaging, digital and personalised learning tools to make education more effective and help people make progress in their lives through learning. Pearson will incorporate Voxy’s products and technology into the suite of services it offers to learners.
Voxy’s learning platform uses integrated multi-device applications and cutting edge technology to create uniquely engaging learning experiences for more than 2.5 million users learning English around the world. Its integrated web and mobile learning platform is modelled on an interest-driven learning approach that uses gaming mechanics to help users to learn English by generating personalised lessons from real world content and social media. Voxy has been rated the number one education iTunes app in 23 countries.
Bhavneet Singh, President of Pearson English and Informal Learning, said “We are very excited to be working closely with Voxy. Our partnership is another important step in Pearson’s drive to offer learners more direct, digital learning tools. It’s our aim to help people learn English anytime, anywhere, across any device with tools that are personalised to their needs, easy to navigate and with the tracking and testing they’re looking for to provide instant feedback and demonstrable results. Voxy’s cutting edge technology is a great complement to our existing offering to English learners right across our businesses which include Wall Street English and GlobalEnglish.”
Paul Gollash, Founder and CEO of Voxy, said “Voxy is thrilled to be partnering with Pearson to help change people’s futures. Combining Pearson's global scale and distribution network with Voxy's innovative and highly efficacious technology will help us to more effectively connect with the more than two billion people who are learning English and need this critical skill to improve their lives.”
Pearson (pearson.com) is the world’s leading learning company. Our education business combines 150 years of experience in publishing with the latest learning technology and online support. Pearson’s courses and resources are available in print, online and through multi-lingual packages, helping people learn whatever, wherever and however they choose. With more than two billion people around the world learning English, Pearson is at the forefront of the industry. More than 1.5 million teachers and 35 million students in 150 countries use our English language learning resources and tools each year.
Voxy (voxy.com) is a New York City based company that uses mobile technology to provide language education. Our mobile/web platform has proven efficacy, which it achieves by dynamically building personalised, adaptive, task-based lessons that allow students to learn in context. Since launching in 2010 as a TechCrunch Disrupt finalist, we have grown to over 2.5 million users and have pioneered numerous innovations in contextual learning, including the use of geo location, speech recognition, natural language processing and image-recognition. Voxy is currently focused on teaching English to Spanish and Portuguese speakers and will soon be expanding to other emerging markets around the world. For more information, call Paul Gollash at +1 773-771-7984.
As a result of the investment, Pearson will have a seat on Voxy's board and Rick Segal, managing partner of Rethink Education will become chairman.
About Rethink Education
Rethink Education (rteducation.com) is an early-stage education technology venture capital fund investing in companies that have demonstrated success in implementing business models that leverage technology to re-imagine how traditional education is delivered. Rethink's investments include EverFi, Engrade, Hapara, and Pathbrite. For more information, call Rick Segal at +1 914-683-8474.