Brainly Raises $14m in Funding

Brainly, a Kraków, Poland, and New York City-based learning platform for students, raised $14m in funding.

The round, which brings total funding to $38.5m since inception in 2009, was led by Kulczyk Investments with participation from existing backers Naspers, General Catalyst, Point Nine Capital and Runa Capital.

The company intends to use the funds to further accelerate global growth and expand its product team, which will focus on developing new personalized learning features for the platform.

Brainly provides a peer-to-peer learning platform for middle and high school students used by 100 million monthly users coming from 35 countries.
The company, which has acquired OpenStudy in 2016, recently expanded its platform to implement paid features that expanded its use as a resource for students, parents, and teachers outside of the classroom.
Today, more than 100,000 questions are answered daily on Brainly.

FinSMEs

26/10/2017

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