What is Preply?
Preply operates as a leading online marketplace that connects learners with expert tutors globally, enhancing human-led instruction with AI-powered tools. The platform is designed to support personalized learning, maintain learner motivation, and track measurable progress. By focusing on creating life-changing educational experiences, Preply aims to deliver high-quality tutoring at scale. Its mission is to deepen the understanding of learning methodologies, positioning itself as a platform built around real progress and meaningful educational outcomes in the evolving landscape of digital education.
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
Private Equity
$101.5M
Series D
$150M
Angel/Seed (2016): $1.3M with participation from RTAventures and Hedgehog fund
Private Equity (2017): $4M, investors not publicly disclosed
Series A (2020): $10M supported by EduCapital, Hoxton Ventures, Point Nine, The Family, Diligent Capital, and All Iron Ventures
Series B (2021): $35M featuring Full In Partners, All Iron Ventures, Owl Ventures, Point Nine, and Hoxton Ventures
Series C (2023): $170M backed by Hoxton Ventures, Owl Ventures, Evli Growth Partners, Horizon Capital, Reach Capital, Diligent Capital, and Educapital
Private Equity (2026): $101.5M, investors not publicly disclosed
Series D (2026): $150M led by Westcap
Key Investors in Preply
Hoxton Ventures
Hoxton Ventures is an early stage venture capital firm based in London and investing in European technology startups that can scale into large, global winners. It focuses on startups that either disrupt existing industries or invent entirely new market categories.
Owl Ventures
Owl Ventures is a global leader in education technology investing, focusing on innovative solutions that enhance learning experiences. The company supports a diverse range of edtech companies, including those providing tools for personalized tutoring, virtual classrooms, and workforce upskilling.
Educapital
Educapital is Europe's largest venture capital fund focused on Edtech and the Future of Work, investing in entrepreneurs who are shaping the future of education and work. Their portfolio includes innovative companies that provide AI-based tutoring, financial education, and cybersecurity training, among other services.
What's next for Preply?
With the recent influx of major strategic investment, Preply is well-positioned to accelerate its global expansion and enhance its AI-driven learning technologies. The substantial capital infusion, indicated by $150M, will likely be directed towards product development, expanding its tutor network, and increasing market reach in key geographies. The company's focus on blending human expertise with AI suggests a strategic direction towards creating more adaptive and effective learning pathways. This sustained backing from prominent investors signals strong confidence in Preply's business model and its potential to disrupt the traditional language learning market, paving the way for continued innovation and market leadership.
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