Preply, a leading US-based online language learning platform, has recently raised $150 million in a Series D funding round, propelling its valuation to an impressive $1.2 billion.
This significant investment, led by WestCap and supported by firms like Indico Capital Partners, underscores the growing demand for personalized, tech-driven education solutions worldwide.
Preply's Journey: From Startup to EdTech Unicorn
Founded in 2012 by Ukrainian entrepreneurs Kirill Bigai, Serge Lukyanov, and Dmytro Voloshyn, Preply has evolved from a small startup to a global EdTech unicorn with users in over 190 countries.
The platform connects learners with tutors for live, one-on-one lessons, blending human interaction with AI-powered tools to enhance the learning experience.
The Role of AI in Revolutionizing Language Learning
This latest funding round follows Preply's $120 million Series C in 2023, signaling continued investor confidence in its hybrid model of human-led and AI-enhanced education.
The company plans to use the new capital to scale its operations, further integrate artificial intelligence, and expand access to its proprietary curriculum and mobile app.
Impact on Global Education and Ukrainian Resilience
Preply’s success is not just a business milestone; it also embodies Ukrainian resilience, as the company maintains roots in Kyiv alongside offices in Barcelona, London, and New York.
Amid global challenges, its growth highlights how technology can bridge cultural and linguistic gaps, empowering millions to unlock new career and personal opportunities through language skills.
The platform’s focus on personalized learning comes at a time when demand for language proficiency is surging due to globalization and remote work trends.
What Lies Ahead for Preply?
Looking forward, Preply aims to solidify its position as the #1 global language learning marketplace by innovating further and reaching underserved markets.
With over 678 employees across more than 50 nationalities, the company is poised to shape the future of education by balancing human connection with cutting-edge technology.
This funding marks a new chapter for Preply, promising exciting developments for learners and tutors alike as the EdTech sector continues to transform how we acquire knowledge.
Maria Lourdes
