Preply, a provider of an online learning platform, raised an additional USD $10m in funding.
The round was led by Hoxton Ventures, with participation from Point Nine Capital, All Iron Ventures, The Family, EduCapital, and Diligent Capital and a number of individual angel investors including Arthur Kosten of Booking.com; Gary Swart, former CEO of Upwork; David Helgason, Founder of Unity technologies; and Daniel Hoffer, Founder of Couchsurfing.
The company intends to use the funds to scale the marketplace, mainly in North America, France, Germany, Spain, Italy and the UK, to roll out an array of new tools, assessments and homework, and to develop its mobile offering, streamlining the Android and iOS app.
Co-founded in 2013 by the Ukrainian-based team of Kirill Bigai (CEO), Serge Lukyanov (Head of Design) and Dmytro Voloshyn (CTO), Preply provides an online learning platform that allows tutors to track progress and help learners achieve their goals comprehensively. The company currently has a network of 10,000 verified tutors teaching 50 languages to tens of thousands of students in 190 countries worldwide. Preply now employs 125 staff of 25 nationalities in Kyiv and Barcelona.