The edtech startup also hits #1 on the App Store in Italy and Spain, triples recurring revenue in three months, and accelerates growth in the DACH region.
Tallinn-founded startup Flashka, an AI-driven study app for university students, has closed a €1 million Pre-Seed round led by Outlast Fund, a Nordic-Baltic early-stage VC. Additional investors in the round include UCP and Vento Ventures.
The app helps university students master complex subjects through automated flashcards, quizzes, and personalised learning tools.
It has also reached 1 million users just one year after launch and has become the #1 on several major App Stores in Italy and Spain.
Flashka has seen its recurring revenue triple over the past three months. The platform has gained popularity among university students in Italy and Spain, where it recently debuted at number one on the App Store, and is now rapidly increasing its user base in the DACH region.
”Students are the reason we build this product. They message us every day with feedback, and they are the ones telling us what actually helps them learn,” said David Djokovic, co-founder and CEO of Flashka.
“For too many students, AI is currently used only as a shortcut. Flashka is a part of the countermovement where a new generation of students uses its features daily as a way to deepen their learning, not avoid it,” said Kristaps Prusis, Founding Partner of Outlast Fund.
The new capital will be used to expand Flashka’s technical team (remote) and accelerate product development. Upcoming features include advanced personalised analytics, social study features, and broader support for different learning modalities.