AllRight , an English learning app for children, raises $5M to scale-up from Genesis Investments – TechCrunch

Summary (IA Generated)

AllRight is a platform for English language learning, aimed at children four years or older, which combines lessons with real teachers and homework with ‘AI-powered’ tutors.

5 billion English language learners globally and the number of children among them reached 500 million in 2020.

The global English language learning market is projected to reach $55 billion by 2025, growing at 7% annually, according to reports.

Since its launch in 2017 AllRight has launched Spanish – English, Polish – English, and Russian – English language pairs and garnered 9,000 students, who take 50,000 lessons per month.

The learning process is powered by a real-time collaboration platform for teachers and students, doing live lessons online with lessons ‘quality controlled by AI’ and an ‘AI-powered tutor’ with a voice-only interface with speech recognition and synthesis.

Vitaly Laptenok, General Partner of Genesis Investments said: “This is the biggest deal of Genesis Investments by date…The platform currently demonstrates 3x year-over-year growth and the team supports these dynamics by entering new markets and scaling there.