Espresso Capital provides Voxy with a $10 million credit facility
New York — June 14, 2022 — Espresso Capital announced today that it has provided Voxy, an innovative English training solution used successfully by hundreds of institutional clients around the world, with a $10 million credit facility. The company will use the funds to help execute its growth strategy as it looks to expand into new markets.
“Having flexibility as we roll out our growth plans was important to us,” said Voxy CEO Jan Viviani. “With Espresso’s facility, we not only have a line of credit that will grow with our business over time, we’ve got greater optionality as we pursue M&A targets in strategic markets and expand our presence in Europe and the Asia-Pacific region.”
Voxy’s AI-driven platform is built for scale and is facilitated by comprehensive administrative reporting dashboards and metrics. The company’s results-driven training solutions are designed for modern learners, providing a highly personalized and engaging English learning experience that’s tailored for specific roles within the business at any English proficiency level.
“Voxy is a leader in the B2B corporate segment that stands out for its pedagogy, innovative technology, and results-driven approach to learning,” said Steven Michau, Executive Director at Espresso Capital. “Their great leadership team, strong unit economics, and impressive blue chip customer base are among the reasons we’re excited to be partnering with them.”
“We’ve had a great experience with Espresso,” continued Viviani. “They’ve been open and honest with us from day one, have done everything they said they would, which is exactly what you want in any kind of business partner.”
Voxy’s existing investors include SJF Ventures, Inherent ESG, and Contour Venture Partners.
“We’re excited to see Voxy position itself for continued growth with this debt facility from Espresso Capital,” said Arrun Kapoor, Managing Director of SJF Ventures. “We remain very enthusiastic about the company’s prospects going forward.”
Voxy is an innovative corporate training solution that has been used successfully by hundreds of corporate clients around the world to upskill their teams. Our AI-driven platform, accessed both on desktop and any mobile device, allows each learner to follow a fully personalized and highly engaging learning experience. Voxy’s comprehensive content library covers more than 45 technical and soft skill courses and 25,000+ English lessons taken from renowned resources such as the AP, the Financial Times, Bloomberg, and more. Voxy courses are accompanied by certified teachers who offer round-the-clock, remote live instruction, empowering people to improve communication, foster collaboration, and grow global businesses. Our scalable solution, facilitated by our comprehensive admin reporting dashboard, results in an effortlessly inclusive program, designed to drive results for modern learners.
Backed by leading investors in education and technology, Voxy was founded in New York City and has teams across the US, Brazil, Chile, Mexico, Singapore, Spain and Ireland.
For more info, please visit https://voxy.com/.
About Espresso Capital
Espresso empowers companies with innovative venture debt solutions. Since 2009, we’ve helped more than 300 technology companies and their investors accelerate growth, extend runway, and increase strategic flexibility with non-dilutive capital. Learn more at espressocapital.com.