Speexx secured €5 million from BayBG and Ventech invest

Speexx, a Muncih, Germany-based provider of SAAS for learning purposes, announced that it secured a funding round of €5 million ($5.9M).

The money was raised from investors including BayBG and Ventech Invest.

Speexx, founded in 2011 by CEO Jörg Koberling, develops and sells a B2B SaaS platform helping with digital language training on all end devices. The company's tools are used by around 1,000 companies and organizations and has around 8 million users. Customers include UBS, Merck and Volkswagen as well as institutions such as the UN and the European Central Bank.

Speexx, which has additional offices in London, Madrid, Milan, Paris, Sao Paulo, New York and Shanghai, has previously raised $5 million in 2015.