Ukrainian startup Preply attracted інвестицій 50 million in investment

On July 13, it became known that the Ukrainian educational startup Preply attracted інвестицій 50 million in investment. Consequently, the total amount of investment in the company increased to 1 101.3 million.

Most importantly, Preply attracted інвестицій 50 million in investment. We are talking about a series C round led by the American Owl Ventures Fund, one of the world's largest venture funds specializing in educational projects. Other investors include Diligent Capital, Hoxton Ventures, Educapital, Evli Growth Partners, as well as Grupa Pracuj co-founder Przemyslaw Gacek, Swisscom Ventures and Orbit capital.The company's assessment has not yet been disclosed. In March last year, Forbes estimated the startup at 1 130-200 million. With additional funding, Preply will continue to expand its presence in the United States and Europe, doubling down on efforts to develop artificial intelligence-based search technology, Preply co-founder and CEO Kirill Bigai said. The company will also allocate funds for the development of a global language learning community. Details

The total investment in Preply increased to.101.3 million.

Last year, Preply raised R 35 million in Round B investments. These funds were intended to help solve priority tasks. The company planned to improve all training programs, double the staff in all regions, and improve the support system.

In March 2022, the company announced that tutors from Russia will no longer be able to earn money on its platform.

DOU's interview with Dmitry Voloshin's Preply service station — about the path to 250 employees, hiring engineers in Europe and the dream of a multibillion-dollar company-can be found here.

Preply is an online language learning platform that brings together more than 32,000 tutors who teach 50 languages to hundreds of thousands of students in 180 countries around the world. Using a machine learning algorithm, recommended teachers create personalized lesson plans based on the student's budget, schedule, and current knowledge.

Preply has offices in three countries: Ukraine, USA and Spain, and the founders are originally from Kiev.