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Preply

Preply

Preply is a fast-growing ed-tech company, backed by Europe's most prominent investors.

Preply is a company that participated in the Class 55 - Berlin 2015 Summer cohort of Techstars and raised an estimated $1,638,000.

Preply Enterprise is a program specially designed for teams and organizations offering made-to-measure language training with online tutors.

The company was founded in 2012 by Ukrainian entrepreneurs Kirill Bigai, Dmytro Voloshyn, and Serge Lukyanov. The website, preply.com, was relaunched in November 2013 with the focus on online language learning.

In 2018, Preply Classroom (formerly Preply space) was launched as the all-in-one language learning ecosystem with the integrated video platform, online chat, screen sharing, and more.

In 2019, Preply opened a new office in Barcelona, Spain, and expanded its services into UK, Germany, and Spanish markets.

As of September 2021, the app has received $50.6 million of investments in a total of 8 funding rounds.

Product

Preply’s product is based on one-to-one human tutoring. The company uses a machine learning algorithm to increase matching efficiency between learners and tutors on a variety of parameters such as price, availability, country of birth, other languages spoken, learning objectives and more.

SBA Awards

In May 2020, Preply won “The Revenue Hack of 2020” at the Ukrainian Startup Awards.

In July 2021, Preply was a finalist for the 2021 Europas award for “Hottest edTech Startup in Europe”.

Later that month, Preply was nominated for the “Top 100 IT Employers in Ukraine”

Timeline

March 9, 2021
Preply raises a $35 million Series B as demand for language learning grows.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

Preply Team Video

Web

September 8, 2016

News

Title
Author
Date
Publisher
Description
Natasha Mascarenhas
March 9, 2021
TechCrunch
Preply, a tutoring marketplace for language learning, has raised a $35 million Series B co-led by Full In Partners and Owl Ventures, an edtech fund that has backed Byju's and Newsela. The raise comes nearly a year after the company landed a $10 million Series A. Investors in Preply include Point Nine Capital, Hoxton Ventures, [...]
Natasha Lomas
March 30, 2020
TechCrunch
Online learning looks likely to be a key beneficiary of the social distancing and quarantine measures that are being applied around the world as countries grapple with the COVID-19 pandemic. In turn, this looks set to buoy some relative veterans of the space. To wit: Preply, a 2013-founded tutoring marketplace, is today announcing a $10 [...]

References

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