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Austria.
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Language learning platform Busuu sold for € 385 million

laptop and hands © Busuu

Busuu was founded by the Austrian Bernhard Niesner together with Adrian Hilti of Liechtenstein in the year 2008. The two share a passion for languages and were dissatisfied with typical methods of learning languages.

Busuu itself said it generates annual revenue of € 40 million, with 500,000 paying users, and employs a staff of 160 people in Madrid and London. On balance, 120 million users have already used the platform's offering at least once. Recently the company launched online classes which are held live by language trainers. By its own account, Busuu ranks among the leading education technology providers in the world, boasting numerous awards for innovativeness and its impact in the field of teaching foreign languages. In the future, Busuu users will be able to access Chegg services and vice versa.

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