How to raise angel funding following a recession

After two years of bootstrapping the business, Busuu’s CEO Bernhard Niesner raised angel money. Here’s what he learnt.

by Kitti Palmai

When tough times prevail, Busuu – the language-learning platform connecting people with native speakers – rose to the challenge, tripling its user numbers globally during the first year of the pandemic. This was not the first time the edtech company had gone against all odds, however.

Busuu’s CEO and co-founder Bernhard Niesner, who founded the business during the Great Recession, explains how the initially Madrid-based “bootstrapped” company managed to secure funding and move to London in 2012. 


“We wrote Busuu’s business plan while doing our MBA and then started the company right after graduation. We had support from our families and a bit of savings, so we bootstrapped the business for the first couple of years with no external funding.

Sign in to continue

Sign in

Trouble signing in?

Reset password: Click here

Email: mtsupport@haymarket.com

Call: 020 8267 8121

Register

FREE

  • Up to 4 free articles a month
  • Free email bulletins

Register Now

Get 30 days free access

Sign up for a 30 day free trial and get:

  • Full access to managementtoday.co.uk
  • Exclusive event discounts
  • Management Today's print magazine

Join today