AmazingTalker, a Taiwan-based education technology company, has raised $15.5 million in its Series A funding round.
The round was co-led by CDIB Capital and the Alibaba Taiwan Entrepreneurs Fund. Other investors, including JAFCO Asia and 500 Global have also participated in the fundraise.
The company plans to use the fresh funds to increase its team size, it now has 110 employees spread across Taipei and Hong Kong, and hire for product managers and developers specifically. It will also expand its business in Southeast Asia, Japan, Korea, Europe, and North America.
Founded in 2016 by Abner Chao, AmazingTalker is committed to building a comprehensive online learning platform that allows anyone to learn any language and knowledge online. The company’s aim is to make online English-language learning more accessible and to empower teachers to make more income from online lessons.
With AmazingTalker, tutors can easily start their own online education business with the comprehensive support, and learners can find the right tutor easily. The firm, which promises a better profit-sharing system for its instructors, also offers K-12 education services for children. The platform believes that one-on-one learning with native speakers gives students a more personalized learning experience and helps them get the most out of their lessons.
Speaking about the company, Founder and CEO of AmazingTalker, Abner Chao, said in a statement,
“At the time, online programs for English cost up to 200,000 Taiwanese dollars (US$7,000), making them an unaffordable option for many people. The online English learning market was then dominated by online education firm TutorABC, which set the fees that tutors could charge. Over the years, AmazingTalker received a positive response.”
Chao further, added:
“The company will tailor its services to newer markets as well. For instance, in countries where English is the native language, AmazingTalker will focus on K-12 education. In non-English-speaking markets, it will continue to push its language-learning services.”
The startup claims to have nearly 8,000 registered tutors and 1.1 million registered users and has clocked in 5.5 million online course reservations.
In the near future, AmazingTalker is looking forward to helping more tutors maximize their earning potential and continuing to improve the online learning experience for all our users.