Emmersion Raises $5.5 Million Funding Led by Sepio Capital
Emmersion, the leader in automated language assessments, announced last week that it has closed an early-stage, $5.5 million round of funding. The round was led by Sepio Capital with participation from Next Frontier Capital, Jeremy Andrus, and Tamarak. “We led this financing not only because Emmersion can become the category leader in the $7.5 billion […]
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Emmersion, the leader in automated language assessments, announced last week that it has closed an early-stage, $5.5 million round of funding. The round was led by Sepio Capital with participation from Next Frontier Capital, Jeremy Andrus, and Tamarak.
“We led this financing not only because Emmersion can become the category leader in the $7.5 billion language assessment market, but also because they can help billions of language-learners demonstrate their skills and change their lives through better employment and education opportunities,” said Mitch Rencher, director at Sepio Capital. “No other product can offer a similarly automated, accurate, and affordable alternative.”
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“Next Frontier Capital is thrilled to become an investor in Emmersion,” said Will Price, founder and general partner at Next Frontier Capital. “We were attracted by the strength of the management team, customer base, and AI-enabled language assessment tools that are disrupting a massive market. Emmersion’s automated solutions are driving powerful ROI and efficiencies as customers look to replace manual, time-consuming language assessments with Emmersion’s automated and highly accurate language tests.”
The funding round comes shortly after Emmersion launched its one-of-a-kind, fully automated, and fully adaptive language assessment engine. With this round, Emmersion will double efforts for expanding product capabilities and growing the team that will continue to take its solution to market.
“We are coming into this round with some incredible momentum,” said Brigham Tomco, chief executive officer and cofounder at Emmersion. “We are excited to partner with our investors to continue delivering the best language assessment platform in the industry, add new languages to the portfolio, and continue development of specialized offerings for employee screening, academic progress, and certification.”
