It’s my pleasure to announce FabuLingua received right this moment’s Metropolis Highlight: Austin pitch-off! The corporate competed towards knowRX Well being and Vertikal X on right this moment’s TechCrunch Dwell episode and received free exhibition house at TechCrunch Disrupt this October.
Mark Begert pitched his firm to 3 Austin-based buyers who discovered his messaging and pitch to be clear, concise and simple to comply with.
Mark defined all through his four-minute pitch that his firm teaches children Spanish by means of video games and tales. He likened FabuLingua to Prodigy Schooling’s ultra-popular schooling product that teaches math by means of an identical gamification service.
In FabuLingua, customers (children) work together with tales and video games that unlock new features because the youngster progresses. The corporate calls it invisible studying, the place the textual content is in Spanish however learn aloud in English. Alongside the best way, the service drops the English helpers and presents the kid with solely Spanish directions. Because the youngster explores the FabuLingua world, extra tales unlock, enabling extra educating alternatives. The service is accessible by means of a month-to-month subscription, and is accessible on Android and iOS gadgets.
The corporate was based by Leslie and Mark Bergert. Whereas Mark is the CEO, he made it clear in his pitch that Leslie, as a polyglot, leads the course of the corporate. It’s her ardour of educating languages, he says, that pushes the corporate ahead. She was raised in a multicultural, bilingual surroundings and studied linguistics at Oxford College alongside her option to incomes a psychology diploma. She later earned her masters diploma in social anthropology from Cambridge College.
The corporate says it has greater than 80,000 downloads, 15,000 registered customers and over 1,000 households paying for the subscription.
FabuLingua relies out of Austin, Texas, and raised $1.3 million in pre-seed funding rounds. The corporate is presently elevating capital by means of Wefunder, the place it raised $322,983 with a $7.5 million valuation cap. The marketing campaign is energetic, and FabuLingua remains to be accepting new buyers by means of Wefunder.
Two different corporations offered within the Austin pitch-off. David Franklin pitched knowRX Well being, which connects with sponsors and collaborates with physicians and builds a group of sufferers for scientific analysis. Charlie Sarmiento pitched Vertikal X, a market for athletes primarily based in blockchain know-how.
Particular due to the fantastic Austin-based judges: Krishna Srinivasan, co-founder of LiveOak Enterprise Companions; Bryan Chambers, president of Capital Manufacturing facility; and Sarah Model, founding common associate at True Wealth Ventures.