Voxy, the New York City-based language learning startup that launched at TechCrunch Disrupt in 2010, is in the process of raising a Series A-2 round of equity financing. In a Form D filed with the SEC today, the startup indicated that it had already closed $2.3 million towards its $4 million goal from previous investors including ff Venture Capital, Contour Venture Partners, and Seavest Capital Partners, which all participated in Voxy’s Series A.
Founder and CEO Paul Gollash told Betabeat that Voxy plans on announcing two more “exciting” institutional investors in the coming weeks. The round was actually oversubscribed, “But we’ll limit the demand and allocate what’s available as best we can,” said Mr. Gollash, noting that he didn’t want to raise more capital than was necessary. Admirable restraint in these frothy times. Read More