Photo: Lara Far / Unsplash

5 million euros for cloud training platform 'Speexx'

The Munich-based digital publishing company has successfully completed a €5 million financing round. With the fresh capital from BayBG Bayerische Beteiligungsgesellschaft and the European technology investor Ventech, the Munich-based digital language training company aims to accelerate its international growth.

Digital Publishing has been developing and marketing the cloud-based B2B language learning platform since 2012 'Speexx'Speexx is a "learning-from-anywhere" platform that combines AI-based needs analysis, assessment, adaptive learning, ongoing performance support, and HR tools. International companies such as UBS, Merck, and Volkswagen, institutions such as the UN and the European Central Bank, and public sector organizations such as Swiss government organizations already use Speexx to train their employees.

Venture Growth Investment at the right time

"In the enterprise segment, the topic of 'business continuity' has gained enormous importance in recent months, as companies adapt to the new normal. Hybrid working and user-centered professional development in the digital workplace are replacing traditional models, and digital transformation is currently experiencing a tremendous boost,"

so Jörg Koberling, founder and CEO of Digital Publishing. He continues:

"We are delighted that we were able to win BayBG, a long-standing, reliable partner, for a venture growth investment at exactly the right time. Speexx, as a globally available, complete digital solution, has a clear competitive advantage and a unique market position in the new normal, which we must now capitalize on: Speexx is The New Normal."

New scaling opportunities due to the Corona pandemic

BayBG Investment Manager Lukas Biberacher added:

"The cloud-based solution for business language training optimally meets customer requirements regarding digitization and individualization of learning content. Given the changing conditions of the coronavirus pandemic, this opens up entirely new scaling opportunities."

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