Since the coronavirus spread, the popularity of e-learning and second-language learning apps were at the highest peak. Since most of the governments were hesitant to take risks in continuing face-to-face learning as the pandemic is still uncontrollable. The safest way possible is learning online and using several tools and apps to make up with their lessons.
The result of this pandemic is having the learning platforms dominate the market for e-learning as well as the increase of new users for various apps like Tandem.
Tandem is basically a language exchange app that primarily focuses on matching two individuals to teach each other with their language. It is based in Berlin and founded by Arnd Aschentrup, Tobias Dickmeis, and Matthias Kleimann
Even before the COVID-19, Tandem already accumulated a million users from all around the globe. And due to the pandemic, its memberships grew to more than 10 million. The most prominent users are from China, followed by the US and Japan.
Although the competition in the market is high with the big companies on the side, such Duolingo and Babbel, Tandem is ready for the battle as the team raises its fund to cope up with their growing supporters.
They have raised the fund to $5.7 million with the help of Brighteye Ventures, Trind Ventures, GPS Ventures, and Rubylight Limited. The co-founder and CEO Aschentrup said that “2020 was the right time to partner with the team at Brighteye to bring Tandem in the mainstream.” He also added that they are anticipating “significant growth opportunities” amidst the coronavirus in terms of online and social learning.
Currently, the team is planning to allocate the fund they’ve raised to develop additional features of the app and to expand the team by making the 24-full time employees to 50 members around the globe.