Ukrainian-founded language learning edtech Preply hits $1.2B valuation with $150M Series D
Ukrainian-founded language learning platform Preply has secured $150 million in Series D funding, valuing the company at $1.2 billion. This significant investment, led by WestCap with support from Índico Capital Partners, underscores the growing demand for personalized education and the increasing role of AI in enhancing learning experiences. The funding will fuel Preply's expansion and further develop its AI-driven features. Preply's platform connects over 100,000 tutors with learners in 180 countries, offering one-on-one lessons in more than 90 languages. The platform utilizes a combination of human-led instruction and AI-supported tools. Preply's "2025 Efficiency Study" highlighted that a significant majority of learners value human interaction and real conversations for boosting confidence and progress. The company has also expanded its offerings by adding over 40 new languages since its Series C raise. This investment will allow Preply to advance its AI and data capabilities, expand its product and engineering teams, and accelerate its global growth. The company aims to reach more learners and tutors worldwide, reshaping the traditional education system. Preply, with its hub in Barcelona, is also a key player in the city's 22@ innovation district, serving as a cornerstone for democratizing language learning globally.
Curated and translated by Europe Digital for our multilingual European audience.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.