Memrise

OverviewSuggest Edit

Memrise is a language learning platform with a website, iOS and Android apps. It specializes in combining memory techniques and entertaining content in order to make language learning recreational. Memrise provides a number of language courses across 25 languages, which are totally free to learn, but there are extra features and learn modes that can be unlocked with a Memrise Pro subscription. 

TypePrivate
Founded2010
HQLondon, GBMap
Websitememrise.com
Employee Ratings4.3More
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Latest Updates

Employees (est.) (Jul 2021)104
Revenue (FY, 2018)£8.6 M(+74%)

Key People/Management at Memrise

Ed Cooke

Ed Cooke

Co-Founder
Ben Whately

Ben Whately

Co-Founder and COO
Lucy Milne

Lucy Milne

Chief Marketing Officer
Daniel Wilson

Daniel Wilson

Head of Data and Insight
Mike Nagle

Mike Nagle

Head Of Design
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Memrise Office Locations

Memrise has an office in London
London, GB (HQ)
3 Fashion St, Shadwell
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Memrise Financials and Metrics

Summary Metrics

Founding Date

2010

Memrise total Funding

$21.7 m

Memrise latest funding size

$15.5 m

Time since last funding

3 years ago

Memrise investors

Avalon Ventures, Balderton Capital, Techstars, Lerer Ventures, KenBaumann, Audrey Capital, Octopus Ventures, Korelya Capital, Future Fifty
Memrise's latest funding round in June 2018 was reported to be $15.5 m. In total, Memrise has raised $21.7 m
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Memrise Revenue

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Memrise's revenue was reported to be £8.58 m in FY, 2018
GBP

Revenue (FY, 2018)

8.6m

Gross profit (FY, 2018)

6.5m

Gross profit margin (FY, 2018), %

75.7%

Net income (FY, 2018)

(3.2m)

EBIT (FY, 2018)

(3.2m)

Cash (31-Dec-2018)

443.7k
GBPFY, 2016FY, 2017FY, 2018

Revenue

1.8m4.9m8.6m

Revenue growth, %

174%

Cost of goods sold

625.8k2.0m2.1m

Gross profit

1.2m2.9m6.5m
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GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

36.7k42.5k87.3k55.9k85.0k181.7k85.7k443.7k

Accounts Receivable

33.9k57.6k61.3k5.8k222.5k610.9k474.4k

Inventories

Current Assets

36.7k76.4k144.9k117.1k100.2k447.9k972.3k2.2m
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GBPFY, 2016FY, 2017

Net Income

(1.2m)(2.1m)
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GBPFY, 2011

Financial Leverage

-0.8 x
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Memrise Operating Metrics

Memrise's Users was reported to be 35 m in Jun, 2018.
Oct, 2016Mar, 2017May, 2018Jun, 2018

Courses

200

Languages

24

Users

10 m20 m30 m35 m
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Memrise Online and Social Media Presence

Memrise's Trends

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Memrise News and Updates

August 06, 2018

How 3 developers used Core ML to run AI models on an iPhone

FEATURE: iOS developers talk about Apple's Core ML platform, and the improvements they'd like to see in future versions.
June 11, 2018

AI-powered language learning startup Memrise raises $15.5m Series B round

Memrise, a language learning app powered by machine learning, has closed a $15.5m (£11.5m) Series B funding round, led by Octopus Ventures and Korelya Capital. Additional participation came from existing investors Avalon Ventures and Balderton Capital, which was recently listed as one of the top …
June 11, 2018

Memrise raises $15.5M as its AI-based language-learning app passes 35M users

Memrise, a UK startup whose eponymous language-learning app employs machine learning and localised content to adapt to users’ needs as they progress through their lessons, has raised another $15.5 million in funding to expand its product. The funding comes after a period of strong growth: Memrise ha…
August 26, 2017

The New Way To Learn Languages: Virtual Reality

A new VR app allows people to converse in "real life" situations
June 27, 2017

Startup Surgery: How long does it take to set up a limited company?

Michael O'Brien from chartered accountants and financial advisers Kreston Reeves answers a reader's question about what is involved in setting up a limited company and how long it takes. The post Startup Surgery: How long does it take to set up a limited company? appeared first on Tech City News.

Memrise Blogs

July 16, 2021

Sports, language and connecting with others

July 12, 2021

How we improved the collection and analysis of customer feedback

Collecting and addressing customer feedback is a core part of how all companies can improve in the long-term. Luckily, here at Memrise we’re always listening. Every month, we gather lots of feedback from various channels, and we’ve been working non-stop to improve how to organise and make sense of t…
July 08, 2021

Travel essentials: The COVID-safe phrases you need this Summer

July 07, 2021

Can I improve my memory? Top Tips from Memrise CEO Ed Cooke

July 01, 2021

Modelling the domain layer using Composable Use Cases

Some time ago we had a problem inside the Memrise Android codebase with our domain layer. Repositories and Use Cases were heavily used but there weren’t clear guidelines on what they were supposed to do and not do. It was common to find them being used in combination, which in reality meant we didn’…
June 21, 2021

Learn Japanese with Anime: 9 Addictive Shows to Start With

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 Memrise Frequently Asked Questions

  • When was Memrise founded?

    Memrise was founded in 2010.

  • Who are Memrise key executives?

    Memrise's key executives are Ed Cooke, Ben Whately and Lucy Milne.

  • How many employees does Memrise have?

    Memrise has 104 employees.

  • What is Memrise revenue?

    Latest Memrise annual revenue is £8.6 m.

  • What is Memrise revenue per employee?

    Latest Memrise revenue per employee is £82.5 k.

  • Who are Memrise competitors?

    Competitors of Memrise include Duolingo, Mrs Wordsmith and Wowzers.

  • Where is Memrise headquarters?

    Memrise headquarters is located at 3 Fashion St, Shadwell, London.

  • Where are Memrise offices?

    Memrise has an office in London.

  • How many offices does Memrise have?

    Memrise has 1 office.