- Immerse recently announced that it has raised $9 million in funding. These are the details.
Immerse – a leading virtual reality language teaching and learning platform in the metaverse – announced that it has raised $9 million in Series B funding. The funding round was co-led by the existing investor Eagle Venture Fund and new investor Mustang Creek Capital and includes participation from new and returning social impact investors. This investment brings the company’s total capital raised to $11.5 million.
Launched in 2017, Immerse disrupted the language education industry and pioneered social virtual reality language learning with the first synchronous virtual reality language teaching and learning platform. The business platform is used in partnership with the world’s top language schools to provide virtual reality English learning experiences to students in the Asian, European and Latin American markets.
Now, Immerse is poised to become the first subscription-based VR education service company in the metaverse and will bring its fully immersive, instructor-led, multiplayer language learning experiences directly to serious language learners and enthusiasts. of VR. And Immerse will launch its consumer-facing virtual reality world language learning app on the Meta Quest store this summer, starting with the release of their Spanish language learning program. A French learning program will be released in the fall, followed by German, Japanese and Italian in the coming months.
The new funding round will allow Immerse to significantly grow its team, invest in continued product innovation, and launch its VR app on other major VR platforms. And Immerse plans to grow its global team from 12 to 35 over the next 4 months and is already recruiting for a variety of education, engineering and marketing roles.
Essentially Immerse transports learners to a fully immersive virtual world where they can interact socially and physically in real time with their peers and their instructor in the target language through the eyes of their avatar. And Immerse’s new approach to language immersion enables users to express themselves authentically, engage in deep and meaningful conversations in 3D worlds, and develop real fluency.
Immerse’s virtual reality language learning experiences include:
1.) Collaborate with their peers to solve problems while escaping from a deserted island
2.) Give and follow directions while preparing a meal in the chef’s kitchen
3.) Discuss abstract art while painting together in an art studio
4.) Improve their storytelling skills around a campfire
5.) Share their opinions on fashion while trying on new outfits at a mall
KEY QUOTES:
“Over the past four years, we have developed a revolutionary product that fundamentally transforms the way languages are taught and learned. We’ve partnered with some of the biggest language institutions including EC English, AEON and CCEL to launch their English VR programs, helped hundreds of ambitious language learners develop foreign language communication skills from the comfort of their home, built an incredible team and attracted world-class social impact investors. Having this extra capital behind us accelerates our mission to become the leading educator in the metaverse.
— Quinn Taber, co-founder and CEO of Immerse
“Education is one of the most exciting applications of VR since gaming and fitness, and we are thrilled to partner with Immerse to bring language immersion to as many people as possible. a laser-focused team that has already proven itself as VR pioneers and education disruptors through their B2B work in English language learning. We’re not only big fans of their technology, but also their values-driven culture.We are proud to support their work as they strive to deepen human connections and create positive social change in the world.
— Wes Lyons, General Partner at Eagle Venture Fund
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