Educational Startup PlaySay Raises $250K Of Funding


PlaySay said it has raised an additional $250,000 of follow-on funding, bringing the total raised by the company to $820,000. The company is backed by Kevin Yu, former director of PayPal Japan; Sean Glass, founder of Higher One; and Novak Biddle Venture Partners. The San Francisco startup also launched a new iPhone game app that connects language learners.

PRESS RELEASE

INNOVATIVE SOCIAL LANGUAGE LEARNING STARTUP PLAYSAY ANNOUNCES LAUNCH OF NEW FLAGSHIP IPHONE APP; $250K IN NEW FUNDING; DEAL WITH HARPERCOLLINS

May 1st, 2012, San Francisco, CA – PlaySay Inc., a 2011 TechCrunch Disrupt Finalist, launches their new app today. The new iPhone app is a first-of-its-kind game that connects language learners so they can have real conversations with pronunciation feedback. The iPhone app is the culmination of the company’s four years of business in the language learning space.

The company is backed by Kevin Yu, former director of PayPal Japan; Sean Glass, founder of Higher One; and Novak Biddle Venture Partners, the most active VC investors in the education space nationally. The company has raised a total of $820,000 to date. “We’re very excited about PlaySay’s potential,” said Phil Bronner, general partner at Novak Biddle Venture Partners.

PlaySay also announced today that it has secured a content licensing deal with HarperCollins, the largest foreign language dictionary publisher of the world. The company currently has a content licensing deal with McGraw-Hill Professional, one of the largest publishers of language learning books and materials. PlaySay’s Premium Content Users will soon be able to access professional publisher content to further enhance their language learning.

“Since my founding of PlaySay four years ago out of my own need to learn Japanese, technological advances in speech recognition and cloud technologies have enabled us to create this iPhone app that I am most proud of,” said Ryan Meinzer, founder and CEO of PlaySay Inc. “It truly will change the way people learn and communicate in foreign languages worldwide.”
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About PlaySay Inc.
PlaySay is an iPhone game that connects language learners so they can have real conversations with pronunciation feedback. PlaySay is a 2011 TechCrunch Disrupt Finalist backed by the most active VC’s in the education space of the USA (Novak Biddle Venture Partners). PlaySay has closed premium content deals with the one of the largest publishers of language learning books and materials (McGraw-Hill) along with the largest foreign language learning dictionary publisher of the world (HarperCollins). For more information, please visit http://playsay.com.

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