Preply a Brookline, Massachusetts - based Ukrainian-founded online language learning marketplace has raised $50 million in funding. The edtech had raised $35 million in funding last year. With the additional investment, it has raised over $100 million in funding to date.
The Series C round was led by Silicon Valley-based Owl Ventures. Existing investors Diligent Capital, Hoxton Ventures, Educapital, Evli Growth Partners, Przemyslaw Gacek, co-founder of Grupa Pracuj, and new investors Swisscom Ventures and Orbit Capital also participated in the round.
The edtech platform will utilize the funding to expand in the U.S. and Europe by doubling down on AI-based matching to efficiently pair tutors with learners anywhere in the world.
Company: Preply Inc.
Raised: $50.0M
Round: Series C
Funding Month: July 2022
Lead Investors: Owl Ventures
Additional Investors: Diligent Capital, Hoxton Ventures, Educapital, Evli Growth Partners, Przemyslaw Gacek, Grupa Pracuj, Swisscom Ventures, and Orbit
Company Website: https://preply.com/
Software Category: Edtech platform
About the Company: Preply is a global language learning marketplace, connecting 50,000+ tutors with millions of learners from all over the world. Preply is on a mission to shape the future of effective learning. Fueled by a belief that live engagement with a teacher is still the most effective way to learn a new skill, Preply is building a personalized learning space that will enable individual learners to reach their goals in the fastest way possible. Preply is on a mission to shape the future of effective learning. Fueled by a belief that live engagement with a teacher is still the most effective way to learn a new skill, Preply is building a personalized learning space that will enable individual learners to reach their goals in the fastest way possible.
Source: https://tech.eu/2022/07/14/despite-the-war-ukrainian-startup-preply-raises-50-million-for-tutoring-marketplace