Voovo Raises $500K in Pre-Seed Round

by Kay Aloha Villamor in October 7th, 2024

Voovo, a Budapest, Hungary-based AI-powered flashcard app, has raised $500,000 in a pre-seed funding round. 

Investors 

The round was led by Techstars, with contributions from STRT Ventures, Peter Csillag, and Óbuda University’s Venture Capital Fund. 

Techstars is a pre-seed and early-stage venture capital firm, investing in a diverse, global pool of entrepreneurs and high-growth companies. Founded in 2006, with investments in over 3,800 companies.   

Voovo Use of Funds 

The fresh capital will enable Voovo to refine its platform, expand partnerships with educational institutions, and scale its impact across Hungary and Central and Eastern Europe. 

About Voovo 

Voovo provides an AI-powered flashcard app designed to enhance learning efficiency and engagement through microlearning techniques. The platform integrates two scientifically proven methods—spaced repetition and active recall—to help students study, retain, and master new information. For educators, Voovo provides resources to create custom flashcards and quizzes, offering insights into student progress to inform teaching strategies. Since its launch, Voovo has supported over 20,000 students across Europe and beyond. Its mission is to provide students and educators with a tool that makes learning more efficient and less overwhelming.  

Funding Details 

Company: Voovo Hungary Ltd. 

Raised: $500K 

Round: Pre-Seed 

Funding Date: October 2024 

Lead Investor: Techstars 

Additional Investors: STRT Ventures, Peter Csillag, Óbuda University’s Venture Capital Fund 

Company Website: https://www.voovostudy.com/ 

Software Category: Educational 

Source: https://www.voovostudy.com/study-blog/voovo-secures-500k-in-pre-seed-round-to-revolutionize-spaced-repetition-in-education

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