$32.5 million in Series A investment was secured by Praktika, a language learning app provider located in London, UK, that employs customised AI-powered avatars.
Investors
- Creator Ventures
- Blue Wire Capital
- Blossom Capital
- Carles Reina (ElevenLabs)
- Patrice Evra (five-time Premier League winner)
Use of funds
The money will be used by the firm to enhance the user experience on the app, increase the accuracy of the avatar, add additional languages—including Spanish, French, and German—and set up new development centers in the United Arab Emirates and Eastern Europe.
About Praktika
Praktika is a language learning startup led by Ilya Chernyakov (CPO), Anton Marin (CTO), and Adam Turaev (CEO). It provides an automated tutorship experience driven by generative AI avatars. A genuinely immersive language-learning experience is created by learners interacting with realistic AI avatars that customize courses to meet their individual requirements and learning preferences. Tutors may converse in a variety of dialects, including American, British, Asian, and Indian, and they can tailor their lessons to each student’s ability and learning preferences. Lessons become increasingly individualized to produce desired outcomes the more the student engages with their avatar. With more than a million active users globally and about $20 million in annualized income, the app has already garnered momentum.
