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Venture Capital News: Preply Grabs $35M Series B Financing Round

2021-03-09
SAN FRANCISCO, CA, Preply today announced a Series B funding round of $35 million.
Preply, a global edtech marketplace for tutor-based foreign language learning, today announced a Series B funding round of $35 million to support the continued demand for foreign language learning across the globe, The round was co-led by Owl Ventures and Full In Partners, with participation from previous investors Point Nine Capital, Hoxton Ventures, as well as EduCapital, All Iron, Diligent Capital and Evli Growth Partners. Angel investors Niklas Ostberg, co-founder and CEO of Delivery Hero, Arthur Kosten, co-founder of Booking.com, Przemyslaw Gacek, co-founder of Grupa Pracuj, and David Helgason, co-founder of Unity Technologies are also participants.

Preply is an online learning platform connecting more than 40,000 bookable tutors teaching 50 languages to hundreds of thousands of learners in 180 countries worldwide. With student-tutor matches being suggested through a machine-learning algorithm, recommended tutors create customized lesson plans to suit the learner's budget, schedule, and current knowledge. Each day, tens of thousands of students take classes from teachers of 160 nationalities. Preply was founded in 2013 by the Ukrainian-based team of Kirill Bigai, Serge Lukyanov, and Dmytro Voloshyn. The company has 250 employees of 36 different nationalities at offices in Kyiv and Barcelona.
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