Healthcare, Science & Education MARKUS WITTE | BABBEL Founder & CEO SPEAKER BIO Markus Witte, Babbel Co-Founder and CEO, leads the company. Before Babbel, Markus was engaged on a managerial level in various positions at Native Instruments, a leading manufacturer of music software, where he shared responsibility for the development of online marketing and web infrastructure. Markus began his career in 1998 as a lecturer at New York University, following almost two years working as a research assistant at the Institute for Cultural Studies of the Humboldt University in Berlin. His special interest is media and communication development and the future of learning. KEY CORPORATE FACTS & KPIs COMPANY OVERVIEW Headquarters Berlin, Germany With Babbel everybody can learn a language easily and with fun. The market-leading Office Locations Berlin, New York language learning app offers interactive language courses on the Web, on the phone and tablet, and now also on Apple Watch. Founded 2007 Babbel brings together high-quality educational contents with the latest technology. Each No of Employees 450 language course is developed by a team of linguists, writers and language teachers. Babbel Active Markets Workdwide helps learners to discover the joy of learning a language and motivated them to continue. The average Babbel customer uses the app for more than twelve months. Business Overview Premium subscription model KPI #1 Profitable since 2011 The premium business model ensures an ad-free environment with a focus on the learning content. Currently Babbel offers 14 languages (English, Spanish, French, Italian, Portuguese, KPI #2 Revenue CAGR 2011 -2015: 100% Turkish, Swedish, Norwegian, Dutch, Danish, German, Polish, Indonesian and Russian). The Over 1m paying subscribers. Fast Company languages can be learned from seven different base languages. The courses are created Recent Milestones Magazine recognised Babbel as the most individually for each language combination. innovative education company of 2016 Total Funding $32m Babbel was founded in 2007 by Markus Witte (CEO), Thomas Holl (President Babbel Inc.) and Lorenz Heine (Chief Innovation Officer). The company now employs more than 450 workers Key Investors Reed Elsevier Ventures, Scottish Equity from 39 nations in Berlin and New York. The company has generated positive cash flows Partners, Nokia Growth Partners since 2011 and continues to grow each year by 100%. The Babbel apps for iOS and Android Website babbel.com are downloaded up to 120,000 times a day. 30