Amsterdam-based Myngle, which operates a platform for online language education, has just secured nearly €1 million euros ($1.25 million) in the form of a bank loan from Rabobank. The loan is backed by the Dutch government through an innovation program. Myngle had earlier secured €800,000 seed investment from the HenQ fund and private individuals. Myngle, founded by ex-eBay employees, is essentially a "marketplace for languages" where teachers and students can virtually connect and determine if there's a match for an online course to start between the parties (from both sides).
Language E-learning Startup Myngle Secures €1 Million Euros
Robin Wauters, TechCrunch
Wed, 03/04/2009 - 10:37am
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