Cognate Language Learning
About this raise
Cognate Language Learning, with a valuation of $4.5 million, is raising funds on Wefunder. The company has developed a customizable language learning platform working towards the future of language learning. The platform uses AI to customize the content and vocabulary based on the users’ requirements, profession, interests, and goals. Cognate Language Learning has operations in Germany and has LOIs in place to reach over 5,000 users by the end of 2023. Alejandro Paschalides, Shirley Lu, and Tamim Zaki founded Cognate Language Learning in March 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for marketing, R&D, feature improvements, salaries, cost of goods sold, and SG&A.
Investment Overview
Not Funded: $2,850
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 12/12/2022
- Close Date
- 04/30/2023
$50,000
$1,000,000
$100
SAFE
Early Stage
RegCF
$3,500,000
$4,500,000
0%
Company & Team
Company
- Year Founded
- 2022
- Industry
- Education, Training, & Coaching
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
-
$0
as of FY2022
- Monthly Burn
-
$1,687
as of FY2022
-
Runway
-
24+ months
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $120,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2023 | Wefunder | $4,500,000 | $2,850 | SAFE | Not Funded | RegCF |