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Polygled

We help people keep their language skills by communicating

Russia, Moscow city
Market: Education, training
Stage of the project: Prototype or product is ready

Date of last change: 27.12.2020
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Idea

For all those who have taught and learn foreign languages and are dissatisfied with the fact that without practice the language is forgotten, Polyged website and applications allow to get accessible permanent international practice of communication in an individual and club format. We have a platform, our own communication, moderated clubs, Uber for mentors, and a marketplace of language and relevant services with a friendly theme.

Current Status

Validation of the idea of one-to-one communicative practices - 40,000 registered users from 25 countries, CAC<$1.
Confirmation of the hypothesis of conversation clubs on the platform, development of software for the network of clubs, revenue was $20,000.
Preaccelerator Strata Ventures, USA
Accelerator FisTech.Start, RF
Now we have 53000 registered users from 125 countries. And now we are ready to launch.
We offer the most efficient and accessible tool and a new way to communicate for millions of people around the planet.

Market

Our market - Language learning market online.
PAM - $6.3 billion; TAM - $3 billion (Individuals) - * «ONLINE LANGUAGE LEARNING MARKET By Product (SaaS, Apps, Tutoring), Language (English, German, Japanese, Korean, Mandarin Chinese), User (Consumer, Government, K-12, Corporate), and Geography Forecast to 2027" - Meticulous Market Research Pvt. Ltd., July 2020
Customer segment - individuals. First - the most active - students.

Problem or Opportunity

We have gone beyond the usual and formal in the educational space. We offer the most efficient and accessible tool and a new way to communicate for millions of people around the planet.
We need money for promotion in many countries in one time.

Solution (product or service)

We need investments $500,000 to grow exponentially. This amount can help us to attract about 400,000 users for 6 months and to be cash-flow positive.

Competitors

there are no offers on the market for the practice of communication, everything I offer is only training. There. where one-on-one communication with native speakers is declared, in fact everything turns into dating.
More detail:
Tandem and Hellotalk - only one-to-one and dating
Lingoda and Prepy - payments tutoring
Duolingo - traning without convesational with live interlocutors.

Advantages or differentiators

Our advantages are language clubs and moderation, own LMS and all types of connections in the platform. We have tutors but offer to safe language after learning!

Finance

Business model : subscription, SAAS
Subscription - clubs, additional content - price - $10.
%% for individual tutors - 10%
%% for group courses LMS - 20%
Cost structure - marketing (50%), IT and R&D (30%), other (20%)

Business model

Business model : subscription, SAAS
Promotion channels -
Russian universities and their foreign partner universities,
A network of ambassadors from Central Asia - students,
Targeted advertising on social networks,
Intermediaries with international connections,
Formation of local networks - sales and market managers,
Participation in related events.

Money will be spent on

This amount is enough to attract 400 thousand clients and the project's self-sufficiency in 6 months.
Marketing - 50%
IT - 20%
R&D - 20%
Others - 10%

Offer for investor

Investment proposal
Project estimate $ 5 million
A 10% package is offered for $ 500 thousand.
The minimum check is $ 100 thousand.

Team or Management

Mentors & Advisors

Risks

We are the international platform and do not have any political and countries risks.
We will protect from copy using linguistics patents.

Incubation/Acceleration programs accomplishment

Participation in Pre-accelerator Strata Ventures, USA and accelerator PhisTech.Start RF.

Won the competition and other awards

We are an ambassador of Russian language - we are supported by the Pushkin Institute of the Russian Language and the Russian Foreign Ministry.

Photos

Photo 1 - We help people keep their language skills by communicating

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video