Preply Raises $50M in Series C Funding

Preply, a Brookline, MA-based provider of an online language learning marketplace, raised $50M in Series C funding.

The round was led by Owl Ventures, with participation from Diligent Capital, Hoxton Ventures, Educapital, Evli Growth Partners, Przemyslaw Gacek, Swisscom Ventures, and Orbit Capital.

The company intends to se the funds to accelerate growth and expand operations.

Co-founded in 2012 by Kirill Bigai, Dmytro Voloshyn and Serge Lukyanov, Preply is an Ukrainian-founded company that provides an online language learning marketplace that connects more than 32,000 tutors teaching 50 languages to hundreds of thousands of learners in 180 countries worldwide. With student-tutor matches being suggested through a machine-learning algorithm, recommended tutors create customized lesson plans to suit the learner’s budget, schedule, and current knowledge.

Preply is a US company with employees based in 30 countries across Europe, the USA, Africa, Asia, and Latin America. It has a team of over 400 employees of 58 different nationalities across 30 countries worldwide.