Edtech startup Tida announced on the 24th that it had attracted Series A investment from JB Investment . The investment amount and corporate value were not disclosed.
Tida has grown rapidly since its launch of the Korean language education service in 2020. Currently, the number of global cumulative downloads has exceeded 4 million, and last year, sales more than doubled compared to the previous year, proving its growth potential and competitiveness.
In particular, Tida's global conversation app uses an 'interactive simulation' method that combines voice recognition technology and first-person video, providing users with an immersive learning experience that makes them feel like they are actually conversing with a native speaker. This app has a differentiated approach that goes beyond simple grammar learning and emphasizes actual speaking experience, and has even ranked 1st among Korean language education apps and 8th among Japanese language education apps in major app stores.
Through this investment, Tida plans to leap forward as an AI-based multilingual learning content app. Starting with Spanish educational content, it plans to add various language learning content for English-speaking users and establish itself as a global multilingual conversation app. In addition, it plans to actively recruit global marketing and business development talents to expand into the global market.
Jeong Hee-cheol, senior auditor at JB Investment, said, “Tida proved its potential for continued growth after turning a profit last year with its sales doubling,” and “We expect that Tida will expand even more rapidly in the global market through this investment.”
Jang Ji-woong, CEO of Tida, said, “Tida has focused on providing opportunities for anyone to learn foreign languages without economic or environmental constraints,” and added, “With this investment, we will lead the global language learning market by adding diverse language learning content that English-speaking users want, as well as Spanish.”
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