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Language learning app Speakeasy joins ranks of unicorn startups
Korean startups

Language learning app Speakeasy joins ranks of unicorn startups

Global venture capital firms such as OpenAI Startup Fund joined the latest funding round

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Dec 12, 2024 (Gmt+09:00)

1 Min read
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Speakeasy Labs is based in San Francisco
Speakeasy Labs is based in San Francisco


Speakeasy Labs Inc., a South Korea-focused language learning app operator, has joined the ranks of unicorn startups after raising $78 million at a valuation of $1 billion.

The artificial intelligence-based app offers tutoring services for foreign language learners, correcting grammatical errors while speaking.

Global venture capital firms such as OpenAI Startup Fund, Khosla Ventures, Accel and Y Combinator joined the latest funding round.

The startup's valuation is double the $500 million estimated for its previous fundraising in July.

A unicorn is a private company with a corporate value of $1 billion or more.

San Francisco-based Speakeasy Labs was launched in 2019 with a focus on South Korea. It achieved 5.5 million downloads in South Korea as of July this year.

Write to Eun-Yi Ko at koko@hankyung.com
 


Yeonhee Kim edited this article.
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