Edtech Marketplace Preply Raises $35M
Edtech marketplace Preply has secured an additional USD $35 million of funding, a sum that more than doubles its fundraising efforts since 2013. The round was 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, cofounder 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.
This Series B announcement comes on the heels of an exceptional year for Preply with the number of active learners and tutors, GMV and overall revenues quadrupling across the board. One factor is the trend of e-learning adoption, already in motion and now accelerated by COVID-19 lockdowns. It also correlates with how Preply is combining it’s human-led approach
Preply raises a $35 million Series B as demand for language learning grows
Preply, a tutoring marketplace for language learning, has raised a $35 million Series B co-led by Full In Partners and Owl Ventures, an edtech fund that has backed Byju’s and Newsela. The raise comes nearly a year after the company landed a $10 million Series A. Investors in Preply include Point Nine Capital, Hoxton Ventures, EduCapital, All Iron, Diligent Capital and Evli Growth Partners.
Preply’s recent growth, as well as a global boom in language learning, explains the current investor interest.
When it closed its Series A, Preply had 2 million booked lessons and 10,000 vetted tutors. One year later, there have been more than 10 million lessons booked on the platform, and the tutor network has grown to 40,000 people across 190 countries. The startup was eyeing United States expansion in 2020, and today, one-third of its revenue comes from the country, making it the largest market in which the company
«Спутник V» начнут производить в четырех странах Европы lenta.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lenta.ru Daily Mail and Mail on Sunday newspapers.