Aarhus, Denmark-based Swap Language, a language training provider, announced on Thursday that it has secured €2M in a Seed round of funding led by Amsterdam-based Mediahuis Ventures and Helsinki-based Sparkmind.VC.
Swap Language plans to use the funds to expand its services into the German market. The company has already initiated a pilot programme in the region and aims to add more languages to its platform.
Additionally, the company intends to work towards its ultimate goal of developing a fully-fledged AI teacher capable of replacing human teachers in teaching both speaking and writing skills.
What does Swap Language solve?
It is estimated that the worker shortage will cost businesses worldwide €8T by 2030.