Jun 8, 2022

Cambly , a San Francisco, CA-based one-on-one video chat app that connects English learners to native English tutors, raised $60m in venture funding. The round was led by Benchmark and Bessemer Venture Partners with participation from Katrina Lake (Founder and Former CEO of Stitch Fix), Nathan Blecharczyk (Co-Founder of Airbnb), Michael Siebel (Partner at Y Combinator), Ryan Petersen (Founder and CEO of Flexport) and Ben Silbermann (Co-Founder and CEO of Pinterest). Thr company intends to use the funds to expand operations and its business reach. Launched in 2014 by Sameer Shariff, CEO, Cambly is a marketplace that matches students who want to learn English with the right English tutor based on a few key factors like occupation, interests, time zone, gender, native language, and personality. Students pay a subscription fee to access service, and tutors are paid for time they spend speaking with students. All language sessions can be accessed directly on desktop or with the mobile app. Cambly is now used in more than 150 countries. The company is headquartered in San Francisco with teams in Rio de Janeiro (Brazil), Istanbul (Turkey), Riyadh (Saudi Arabia), Shanghai (China), Seoul (Korea), Tokyo (Japan), Bangalore (India), Berlin (Germany), and Paris (France). FinSMEs 08/06/2022