What is Preply?
Preply operates as a sophisticated online marketplace that bridges the gap between language learners and expert tutors worldwide. By combining human instruction with proprietary, always-on AI-powered tools, the platform facilitates personalized learning experiences designed to sustain student motivation and ensure academic progress. The company is strategically positioned at the intersection of EdTech and the future of work, addressing the growing demand for flexible, high-quality, and accessible education. Its business model leverages data-driven insights to optimize the tutor-student match, effectively creating a scalable ecosystem that supports both individual learners and professional development needs.
How much funding has Preply raised?
Preply has raised a total of $471.8M across 7 funding rounds:
Angel/Seed
$1.3M
Private Equity
$4M
Series A
$10M
Series B
$35M
Series C
$170M
Stock/Share Issuance
$101.5M
Series D
$150M
Angel/Seed (2016): $1.3M with participation from Hedgehog fund and RTAventures
Private Equity (2017): $4M, investors not publicly disclosed
Series A (2020): $10M supported by Diligent Capital, Hoxton Ventures, The Family, All Iron Ventures, EduCapital, and Point Nine
Series B (2021): $35M featuring All Iron Ventures, Full In Partners, Owl Ventures, Point Nine, and Hoxton Ventures
Series C (2023): $170M backed by Diligent Capital, Horizon Capital, Evli Growth Partners, Hoxton Ventures, Reach Capital, Educapital, and Owl Ventures
Stock/Share Issuance (2026): $101.5M, investors not publicly disclosed
Series D (2026): $150M led by Westcap
Key Investors in Preply
Owl Ventures
Owl Ventures is a global leader in education technology investing, focusing on innovative solutions that enhance learning experiences and democratize access to quality education.
Hoxton Ventures
Hoxton Ventures is an early stage venture capital firm based in London that invests in European technology startups capable of scaling into large, global winners.
Point Nine
Point Nine is a specialized seed-stage venture capital firm with a primary focus on B2B SaaS and B2B marketplace business models.
What's next for Preply?
With the successful closure of this major strategic investment, Preply is well-positioned to accelerate its global expansion and deepen its technological moat. The company is expected to prioritize the enhancement of its AI-driven pedagogical tools, aiming to further personalize the learning journey for its diverse user base. Furthermore, the influx of capital will likely support aggressive market penetration strategies, allowing Preply to solidify its leadership in the competitive EdTech landscape. As the company transitions into this next phase of maturity, the focus will remain on scaling operations while maintaining the high-quality, human-centric instruction that has become its hallmark.
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