About this raise: Fluent Forever, with a valuation of $35 million, is raising funds on Republic. The company uses a personalized and effective approach to help people learn languages. The business builds fluency in languages with its ear training, spaced repetition algorithm, intelligent word groupings, customized flashcards, and personalized content. Fluent Forever’s app and coaching are based on neuroscience and allow people to remember a language long-term. Gabriel Wyner founded Fluent Forever in April 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5,000,000. The campaign proceeds will be used to expand to more languages, expand the marketing efforts, find distribution partners, and achieve growth.

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Investment Overview

Invested this round: $290,010

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
07/07/2022
Close Date
10/11/2022
Min. Goal
$25,000
Max. Goal
$5,000,000
Min. Investment

$150

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$35,000,000

Discount

10%

Company & Team

Company

Year Founded
2018
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Chicago, Illinois
Business Type
High Growth
Company Website
Visit Website

Team

Employees
20
Prior Founder Exits?
No
Founder Name
Gabriel Wyner
Title
CEO

Financials

 Revenue +8% YoY
$1,870,617
 Monthly Burn
$181,212
 Runway
4.8 months
Gross Margin
80%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,870,617

$1,093,166

COGS

$375,641

$223,815

Tax

$0

$0

 

 

Net Income

$-2,174,548

$-1,845,193

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$876,705

$1,864,192

Accounts Receivable

$0

$0

Total Assets

$1,713,985

$2,678,165

Short-Term Debt

$658,362

$523,734

Long-Term Debt

$232,166

$337,839

Total Liabilities

$890,528

$861,573

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Learning a language is hard.

I couldn’t even get a basic grasp of Spanish in middle school. So I eventually just threw in the towel and took Latin -- a dead language that's barely spoken.  

I've always held the belief that gaining fluency in a language as an adult is next to impossible without innate abilities. It’s one of those things that everyone wants to do -- but it's too difficult to seriously pursue. I grew up speaking Serbian in my house. I can’t even begin to imagine how difficult it would be to try and learn Serbian in my adult life. And the stats support this. Studies show that the ability to learn a language is strongest until age 18, after which it drastically declines.

Company Funding & Growth

Funding history

Total Prior Capital Raised
$5,000,000
VC Backed?
Yes
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Fluent Forever 10/11/2022 Republic $35,000,000 $290,010 SAFE Funded RegCF
Fluent Forever-3, a Series of Jason’s Syndicate 08/30/2021 The Syndicate - $144,608 Equity - Common Funded RegD 506(b)
Fluent Forever-2, a Series of Jason’s Syndicate 11/04/2020 The Syndicate - $277,198 Equity - Common Funded RegD 506(b)
Fluent Forever, a Series of Jason’s Syndicate 08/11/2020 The Syndicate - $359,993 Equity - Common Funded RegD 506(b)
Fluent Forever 04/09/2019 Microventures $8,500,000 $263,834 Convertible Note Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Fluent Forever on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $35,000,000

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