English Attack! Closes €900k Funding Round
Partners with With FRCI, five Business Angel networks and Bpifrance
08 JULY 2015, PARIS
SummaryEntertainment Learning, publisher of the English Attack ! online learning service, announced today that it has completed a €900k funding round with Cap Decisif Management, manager of the Fonds Régional de Co-Investissement Ile-de-France (FRCI), in co-investment with French business angel networks Investessor, Val’Angels, Femmes Business Angels, Paris Business Angels, and WeLikeStartup. The total investment includes an Innovation Loan from Bpifrance.
PARIS, July 8th, 2015 : Entertainment Learning, publisher of the English Attack ! online learning service, announced today that it has completed a €900k funding round with Cap Decisif Management, manager of the Fonds Régional de Co-Investissement Ile-de-France (FRCI), in co-investment with French business angel networks Investessor, Val’Angels, Femmes Business Angels, Paris Business Angels, and WeLikeStartup. The total investment includes an Innovation Loan from Bpifrance.
English Attack! - created by Paul Maglione and Frédéric Tibout, two experienced executives in digital entertainment and video games – brings true innovation to the global market for English language learning thanks to a unique pedagogical approach based on clips from current films, and a range of learning games. The service has experienced rapid growth in its user base, which recently passed the 400,000 registered user mark.
This first round of external financing for the company, complemented by an Innovation Loan by Bpifrance, will allow English Attack! to accelerate its growth in its key markets, and to further develop its service features and platform, including mobile applications.
Said Paul Maglione : ”Our unique content approach, designed for today’s “digital native” generation of learners, achieves true learner engagement and actual frequent service usage. This investment will allow us to further enrich that approach, and bring it to an ever wider global audience with the mission of making English Attack! the leading digital brand for learning English.”
« The dedication of the management team, and the early successes of its international business in a very demanding market of users looking for an alternative approach to the traditional learning of English, were the key factors in our investment decision » added
Yvan-Michel Ehkirch, Partner at CapDecisif Management.
Entertainment Learning was advised by the Aston law firm (Olivier Sanviti and Bruna Bardawil). CapDecisif Management, Investessor, Val Angels, Femmes Business Angels and Paris Business Angels were advised by the law firm Rémy-Vignat (Géraldine Vignat).
Press Enquiries :
Paul Maglione – email@example.com
About Entertainment Learning and English Attack !
Entertainment Learning was founded by experienced digital entertainment executives Paul Maglione and Frederic Tibout. It is the publisher of English Attack! which launched commercially in 2012, creating true innovation in the $35 billion market for English language learning via a 100% entertainment-driven approach to helping learners increase and enhance their exposure to, and use of, the language. It achieves this via interactive lessons based on clips from blockbuster movies, hit TV series, and television news reports; chart-topping music videos; professionally produced casual games; visual dictionaries; and a global social network of learners of English. The site’s user interface is available in 27 languages, and it is fully compatible with PC, Mac, Android and iOS.
For more information: www.english-attack.com
About the FRCI
The Fonds Regional de Co-Investissement (FRCI) , created at the initiative of the Regional Council of Ile de France with the support of the French government and the European Union, is an equity or quasi-equity investment vehicle that finances innovative Ile-de-France startups and SME’s. The FRCI is managed by CapDecisif Management ( www.capdecisif.com ) and participates in financings exclusively through co- investments made pari passu with one or more partner investors, including networks of Business Angels, investment Funds and crowdfunding platforms investing in Île-de-France.
For more information: www.frci-idf.com
Val'Angels is a leading network of entrepreneurs and business angels founded in 2007 and mainly involved in the Val-de-Marne and throughout Ile de France. Its mission, carried out via proactive venture partnerships with VC’s or regional incubators, is to bring experienced Business Angels together with less experienced investors to invest in innovative projects and to support entrepreneurs by sharing the network’s experiences and skills with them.
For more information: www.valangels.com
Investessor is the leading business angel network in France. The 300 Investessor members guide and finance projects with high growth potential, from any activity sector, mostly in Ile-de-France. Investessor annually responds to more than a thousand project initiatives, considers more than 500 applications and selects 50 entrepreneurs for a presentation in front of its Angel investors. Over the past 17 years, Investessor angels, now working in partnership with the Sibessor 2 investment fund and the Web 2.0 Business Angels platform WeLikeStartup, have financed over 200 innovative projects that could, from the standpoint of their commercial potential, achieve a turnover of almost 130 million euros and create 1,950 jobs in the Ile-de-France region.
For more information: www.investessor.fr
About Femmes Business Angels
The only all-women network of Business Angels in France, and the leading such network in Europe, Femmes Business Angels comprises over a hundred women who invest individually and partner with early stage or developing startups, indistinctly whether founded by women, men, or both. FBA investors track a wide range of activities and sectors in order to foster the emergence of innovative startups with high potential. Since the establishment of the network in 2003 , FBA members have invested nearly 6 million euros in over one hundred projects selected for their innovation, potential, social utility, and the personality of their entrepreneur founders. A friendly and dynamic network , FBA encourages women to participate in the exciting function of the Business Angel and play an active role in business creation.
For more information : www.femmesbusinessangels.org
About Paris Business Angels
With nearly 200 members, active investors and mentors, Paris Business Angels is one of the most prominent business angel networks in France. Over the last 10 years, its members have invested 25 million euros in nearly 200 companies, enabling the creation of over 2,500 jobs. Paris Business Angels is mainly involved in seed rounds from €200k to €1m, mostly via co-investment. Its focus is on innovative, digital and tech startups. For instance, Paris Business Angels supports companies like Videodesk, Soundsapp.co, Digischool, Openways, Optinvent, 3D Sound Labs…
For more information: www. www.parisbusinessangels.com
WeLikeStartup is the digital platform of the Web 2.0 Business Angels. WeLikeStartup brings initial financing to start-up companies by pre-selling or raising funds in capital. It enablesinvestors to support entrepreneurship and job creation in France whilst bringing services matching the start-ups’ concerns in terms of security and liquidity. Funded by a recognized team of entrepreneurs and financing professionals, WeLikeStartup is registered in the ORIAS (Unique Register for Insurance, Banking and Financing Intermediaries), is a member of the CNCEF (National Chamber of Financial Advisors and Experts); is recognized by the FRCI (Regional Fund of Co-investment in the Ile-de-France region) and is an Associate Member of the leading business angel network in France (Investessor).
For more information: www.welikestartup.fr
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About English Attack!
English Attack! (www.english-attack.com) creates true innovation in the $35 billion market for English language learning via a 100% entertainment-driven approach to helping learners increase and enhance their exposure to, and use of, the language. It achieves this via interactive lessons based on clips from blockbuster movies, hit TV series, and television news reports; chart-topping music videos; professionally produced casual games; visual dictionaries; and a global social network of learners of English.
Entertainment Learning was founded by experienced digital entertainment executives Paul Maglione and Frederic Tibout, who launched English Attack! commercially in 2012 after the service had won or been a finalist in several French and European startup competitions including Plugg Brussels, The Next Web Amsterdam, and Seedcamp Paris.
- See more at: https://www.crunchbase.com/organization/entertainment-learning#sthash.KL8Sgz3E.dpuf