Tech

Spanish Edtech Startup Twenix Secures a €3.5M-Worth Series A Round

Published on: 16 July 2022
by KnowESG
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Twenix, the Spanish edtech company that helps professionals break down the barrier of communicating in English, has closed a new Series A financing round worth €3.5 million. It is led by Brighteye, a leading European edtech VC, which has also invested in companies such as Genially, ThePowerMBA, and Ironhack.

JME Ventures and Inveready have also continued to support the project, in addition to different business angels. These investors have once more shown their trust in Twenix by investing again after being part of previous rounds. The last financing round was in December 2021, when Banco Sabadell also participated.

With this new backing, the Spanish company’s strategy is to strengthen its position in the international market, focusing on its establishment in Italy, as well as on further developing its methodology and digital platform. On the other hand, Twenix will seek to grow its business model by strengthening its reach and supporting companies and businesses.

“We are very pleased that top-level partners such as Brighteye, JME, and Inveready continue to count on us to keep Twenix growing and breaking down the English communication barrier among professionals all around the world. This round of funding is essential to continue investing in the expansion to Italy, a market that excites us. After months of traction with very positive results, it represents a first step towards the internationalisation of Twenix in other European countries,” says Jorge Moreno, CEO of Twenix.

“Twenix gives businesses a uniquely affordable, efficient way to build language learning proficiency, unlocking incredible value for employers and employees alike. We’re very excited to help the team grow, enabling companies to better use English language training to attract, retain, and grow talent across Europe,” says Ben Wirz, Partner at Brighteye.

Source: fe News

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