Language-learning Startup Chatterize Raises NZ$1 Million to Roll Out its Platform in China

Chatterize Raises NZ$1 Million

Chatterize, a language-learning platform based in Wellington, New Zealand, has raised NZ$1 million to roll out its AI-enabled chatbot in China to help Chinese students learn English through conversation.

The seed funding round was led by New Zealand investment group Icehouse Ventures, with participation from Eleanor Venture, an Ausie tech investment syndicate headed by Startmate mentor Kylie Frazer, according to Smart Company. Chatterize is a recent graduate from Startmate accelerator program.

Founded in 2019 by Lane Litz and Beleza Chan, Chatterize is an English conversation app that accelerates spoken fluency by applying conversational AI to recreate an immersion learning environment. The startup has recently launched a Minimum Viable Product (MVP) called TalkTown, a conversational English environment at home built around true-to-life experiences, as a ‘mini-program’ on the WeChat ecosystem. It claims to have garnered 35,000 users so far this year.

Chatterize creates an engaging and pressure-free environment to accelerate English learning in school and the real world. It offers real-life scenarios with modern, useful words and phrases, unlimited conversation time, and key insights and learning results in real time, personalized for each learner. Its TalkTown allows children to complete daily conversations about practical topics, learn native-sounding words and phrases, and perfect their pronunciation.

With the new investment, the company said it will continue to invest in scaling its platform, add more content, and build its operations in China and New Zealand.

On why Chinese market, Lane Litz said, “The Chinese online English education market is one of the largest and fastest growing edtech markets in the world.” According to the Smart Company, within the next four months or so, Chatterize hopes to have the proprietary app on the market and in six months’ time, the startup is targeting between 5000 and 8000 paid users. “We’re looking to make about $2 million in revenue in 24 months, and that is 15,000 paid users,” she said.

Smart Company said so far Chatterize’s team has been focused on proving out the cost of acquisition for unpaid users, understanding what leads to those users sticking around and, perhaps most importantly, testing the technology. Litz said its software uses artificial intelligence and speech recognition technology – specifically for Chinese children speaking English. While it is a bit of hard to go for a speech recognition platform, the co-founder said that WeChat program will effectively act as a user acquisition channel.

Chatterize’s TalkTown is currently available as a WeChat mini-program. Interested individuals can open it straight from the WeChat app. A remote-first business, Litz is based in New Zealand, while Chan is in China, and the startup has employees in China and the US.

Img Src

About the Author
Author: Stephen Soulunii
Stephen Soulunii No more a student, but love to learn. Not a teacher, but care about how students are taught. Not an educator, but want everyone to be educated. Not a social worker, but desire to see change. Not a reformer, but always want to see a better world. The author believes that only sound education can bring a better future, better world and technology can help achieve a lot in this field.

Like what we do?

The Latest EdTech News To Your Inbox

Follow us:

   

 

About ETR Community

EdTechReview (ETR) is a community of and for everyone involved in education technology to connect and collaborate both online and offline to discover, learn, utilize and share about the best ways technology can improve learning, teaching, and leading in the 21st century.

EdTechReview spreads awareness on education technology and its role in 21st century education through best research and practices of using technology in education, and by facilitating events, training, professional development, and consultation in its adoption and implementation.

 

-> Read More

Join the EdTech Community

Subscribe and Join the 100,000+ members who trust us...

Testimonials
I find every news, reviews very informative and interesting. This site is indeed a great site for both teachers and learners. Thanks to EdTech for creating such an enriching site on education. Hats off!!
- Regin Brown, Educationist and Blogger, United Kingdom


My group likes this site because it's so up-to-date and has tons of relevant articles.
- Angela Giuliano, Teacher, New Mexico


Your write ups and articles ignites the minds making them receptive to the whole new wealth of EdTech.
- Jagat Rana, Parent, India


EdTechReview has some great resources for teachers who need to get some ideas about technology in the classroom.
- Loretta Wideman,Teacher, East Africa


EdTechReview keeps educators up to date with trending tech savvy terms relative to the discipline.
- Dr. Ingrid Rizzolo,Education Professional, Curriculum and Instruction Designer, New York City Area

-> Read More

Go to Our Client List

Adobe Avaya Bettasia Bonio Campus Management CK12 CKS Evernote IBM Intel IQPC Kidzania McGraw Hill Moodle Moot USC Rossier CMR University The British School Canadian International School Pathways Ridge Valley

Subscribe to our Newsletters...