| Type | Private |
| HQ | London, GB |
| Founded | 2010 |
| Size (employees) | 107 (est)+4% |
| Website | memrise.com |
Memrise was founded in 2010 and is headquartered in London, GB
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Memrise Office Locations
Memrise has an office in London
London, GB (HQ)
38-40 Commercial Rd
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Memrise Financials and Metrics
Summary Metrics
Founding Date | 2010 |
Memrise total Funding | $22.9 m |
Memrise latest funding size | $15.50 m |
Time since last funding | 6 months ago |
Memrise investors | KenBaumann, Octopus Ventures, Korelya Capital, Lerer Ventures, Audrey Capital, Balderton Capital, Techstars, Avalon Ventures |
Memrise's latest funding round in June 2018 was reported to be $15.5 m. In total, Memrise has raised $22.9 m
Memrise Revenue
Memrise's revenue was reported to be £4.94 m in FY, 2017
| GBP | |
|---|---|
Revenue (FY, 2017) | 4.9m |
Gross profit (FY, 2017) | 2.9m |
Gross profit margin (FY, 2017), % | 59.6% |
Net income (FY, 2017) | (2.1m) |
EBITDA (FY, 2017) | (451.2k) |
EBIT (FY, 2017) | (2.4m) |
Cash (31-Dec-2017) | 85.7k |
| GBP | FY, 2016 | FY, 2017 |
|---|---|---|
Revenue | 1.8m | 4.9m |
Cost of goods sold | 625.8k | 2.0m |
Gross profit | 1.2m | 2.9m |
Gross profit Margin, % | 65% | 60% |
| GBP | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|---|---|---|
Cash | 36.7k | 42.5k | 87.3k | 55.9k | 85.0k | 181.7k | 85.7k |
Accounts Receivable | 33.9k | 57.6k | 61.3k | 5.8k | 222.5k | 610.9k | |
Current Assets | 36.7k | 76.4k | 144.9k | 117.1k | 100.2k | 447.9k | 972.3k |
PP&E | 2.4k | 4.2k | 18.9k | 25.6k | 46.0k | 79.1k | 97.6k |
| GBP | FY, 2016 | FY, 2017 |
|---|---|---|
Net Income | (1.2m) | (2.1m) |
| GBP | Y, 2017 |
|---|---|
Revenue/Employee | 77.5k |
Financial Leverage | -0.8 x |
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Memrise Online and Social Media Presence
39.42k Twitter followers
Memrise has 39.42k Twitter Followers. The number of followers has increased 0.3% month over month and increased 1.9% quarter over quarter
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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.
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Memrise Blogs
November 09, 2018
What Exactly is Singles’ Day?
Forget Valentine’s Day – how about a festival to celebrate singledom? Singles’ Day is celebrated in China on the 11th of November. As the name suggests, it’s an occasion for singletons to celebrate (or commiserate) their lot. Find out more,... Continue reading →
October 11, 2018
Speak Mexican Spanish like the locals
Mexico is the largest Spanish speaking country in the world! It’s no wonder that Mexican Spanish is one of the most popular varieties of Spanish to learn. One of the things that makes Mexican Spanish distinct from other types of... Continue reading →
August 10, 2018
Say goodbye to our mascot, Ziggy
You spoke, we listened. We want you to have a fun learning experience. One that’s as effective as possible and helps you discover new worlds and cultures. So when you said you didn’t like Ziggy, we had to take action.... Continue reading →
June 10, 2018
Made-in-Japan English!
The Japanese language has no hesitations when it comes to importing words from abroad, and why not? Foreign words add spice to our mother tongue! New layers of meaning and nuance can be instantly introduced to the local language when... Continue reading →
June 05, 2018
We asked you what your favourite English accents were
We asked you what your favourite English accents were People from all over the world with over75 native tonguesvoted in our survey on 60+ accents and the results are in. Overall, accents from the British Isles* were most revered,... Continue reading →
Memrise Company Life and Culture
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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 and Ben Whately.
How many employees does Memrise have?
Memrise has 107 employees.
What is Memrise revenue?
Latest Memrise annual revenue is £4.9 m.
What is Memrise revenue per employee?
Latest Memrise revenue per employee is £46.2 k.
Who are Memrise competitors?
Competitors of Memrise include Mrs Wordsmith, Kahoot! and MangaHigh.com.
Where is Memrise headquarters?
Memrise headquarters is located at 38-40 Commercial Rd, London.
Where are Memrise offices?
Memrise has an office in London.
How many offices does Memrise have?
Memrise has 1 office.