Busuu.com, the language learning community, has raised an Angel round from FON-founder and serial entrepreneur Martin Varsavsky. The Madrid-based startup is remaining mum about the size of the investment, however, but says that to-date Busuu has received less than ?1m in funding. That's a figure dwarfed by its main competitors. US-based Livemocha has raised $14m, while European rival Babbel has raised over ?1m. On that note, Busuu claims to have recently overtaken market leader Livemocha in terms of traffic, citing data from Compete.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/srvMhbavMu4/
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