Speexx announced raising raised $5 million in a Series A round of funding from Ventech and Alto Invest.

Speexx, a Munich, Germany-based leading provider of cloud-based communication and language skills training for large organizations, announced that it raised $5 million in a Series A round of funding.

The money was provided by Ventech and Alto Invest and will be used to continue enhancing its product and service portfolio and extend its global footprint. The company aims to grow sales and marketing at 9 hubs in APAC, EMEA, and the Americas and to accelerate the delivery of visionary new language training solutions.

Speexx, founded in 2011 by CEO Jörg Koberling, provides a range of cloud-based online language learning solutions for Business English, Spanish, German, Italian and French with ongoing support in 13 languages.