Overview

Raised to Date: Raised: $290,010

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

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    

Valuation Cap

$35,000,000

Discount

10%

Venture Capital Investors:

Stout Street Capital

Firebrand Ventures

Cultivation Capital

LAUNCH/Jason Calacanis

Spero Ventures

Mana Ventures

Brighter Capital

Lofty Ventures

Rolling Commitments ($USD)

Status

Funded

Reporting Date

10/31/2022

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$3,021

# of Investors

372

Momentum

Funded

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Fluent Forever

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

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.

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

Financials as of: 07/07/2022

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	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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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.

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