/PRNewswire/ Premier technology growth equity investor Full In Partners announced that it has led a significant follow-on investment in existing portfolio.
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
Deals of the Week, March 8 to March 12 - GrowthBusiness roundup growthbusiness.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from growthbusiness.co.uk Daily Mail and Mail on Sunday newspapers.
By Published March 10 at 4:07 pm Cofounders of Ukrainian online language tutoring platform Preply Dmytro Voloshyn (L), Kirill Bigai (C), and Serge Lukyanov pose for a picture. Preply has just attracted $35 million from U.S. and European investors. Preply plans to use this money to enter new markets and double its staff to 500 people. Popular on social media
The interest in online learning has skyrocketed during the pandemic, giving a boost to startups that develop education tech.
Among them is Ukrainian online tutoring platform Preply that has attracted $35 million amid the coronavirus crisis to hire more staff, invest in advertising and enter new markets, company’s chief executive Kirill Bigai announced on March 9.