Babbel Named Global Most Innovative Language Learning Company
Fast Company has ranked Babbel amongst the world’s most innovative companies for 2023
Placed #4 in their education category, Babbel leads as the world’s most innovative language company
Fast Company highlights Babbel’s successes in the areas of product, the U.S. market, its B2B offering and efforts towards social causes
Berlin / New York, March 10th 2023: Babbel, the world’s top selling online language learning platform, has been named in Fast Company’s list of World’s Most Innovative Companies 2023. Ranking Babbel #4 in the education category, Fast Company highlighted several successes the company has seen, in particular the expansion of its product offering.
Founded in 2007 as the first online language learning platform in the world; today Babbel is an expert-curated language learning ecosystem, offering self-study lessons, instructor-led live classes, a selection of podcasts and a variety of other language learning content, including cultural bites, games and an online Magazine loaded with content. Last year Babbel also successfully broke into the US market, selling over 1 million subscriptions in H1 alone and overtaking Europe as its strongest market. On top of that, Babbel successfully expanded into the B2B market offering its Babbel for Business product, which now includes a large collection of multinational companies among its customers. The language learning platform also remains committed to social causes, demonstrated by its most recent development of free language courses for Ukrainian refugees. A new interface with lessons for Ukrainian speakers to learn English, German and Polish was created just weeks after the outbreak of the war in 2022, in recognition of the language gap for those who were displaced.
“Since inventing the category in 2007, Babbel has transformed the global learning market. Having learned ourselves, I feel we are again at a pivotal moment, evolving from an app to a platform of various learning experiences”, says Arne Schepker, CEO of Babbel. “I am very proud that Fast Company recognizes our language learning ecosystem expansion and our social efforts for Ukrainian refugees. Today, at the forefront of this industry, we see more exciting opportunities than ever for learners to succeed in reaching their language goals.”
“What a strange and thrilling year it has been to honor this year’s Most Innovative Companies. This year’s list compiles some of the most cutting-edge groundbreakers who are changing our world every single day, from legacy organizations like McDonald’s to upstarts like MrBeast and institutions such as NASA. Babbel, along with everyone else on this list, is doing something completely, uniquely different, yet they all have one thing in common: innovation,” said Fast Company editor-in-chief, Brendan Vaughan.
The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides a firsthand look at the inspiring and innovative efforts of companies across all sectors of the economy. This year’s list highlights the businesses at the forefront of their respective industries, paving the way for the innovations of tomorrow. These companies are setting the standard with some of the greatest accomplishments of the modern world. In addition to the World’s 50 Most Innovative Companies, 540 organizations are recognized across 54 sectors and regions.
ABOUT FAST COMPANY
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.
Babbel develops and operates an ecosystem of interconnected online language learning experiences and is driven by the purpose of creating mutual understanding through language. This means building products that help people connect and communicate across cultures. The Babbel App, Babbel Live, Babbel Podcasts and Babbel for Business products focus on using a new language in the real world, in real situations, with real people. And it works: Studies by linguists from institutions such as Michigan State University, Yale University and the City University of New York demonstrated the efficacy of Babbel’s language learning methods.
The key is a blend of humanity and technology. Babbel offers more than 60,000 lessons across 15 languages, hand-crafted by more than 180 didactics experts, with user behaviors continuously analysed to shape and tweak the learner experience. This results in constantly adapting, interactive content with live classes, games, podcasts and videos that make understanding a new language easy, from Spanish to Indonesian.
Because Babbel is for everyone, its team is as diverse as its content. From its headquarters in Berlin and its U.S. office in New York, 750 people from more than 65 nationalities represent the backgrounds, characteristics and perspectives that make all humans unique. Babbel sold over 10 million subscriptions by creating a true connection with users.
More information: www.babbel.com