Chegg, the NYSE listed student media learning platform is acquiring Busuu, the online language learning startup established in Europe in 2008, for approximately $436 million (€385 million) in an all-cash transaction.
At its exit Busuu had raised only $16.1m in total, a tiny amount even I in European terms, and testament to the sheer grit of the founders who, by the end, had built a business that had reached over 120 million learners to date across more than 160 countries. Busuu provides courses in 12 different languages to over 500,000 paying subscribers.
The company’s last funding round was May 27, 2020 for $2m from GP Bullhound and ultra-high net worths. Prior to that …
