Preply Secures $170 Million in Series C Funding for Global Language Learning Platform Expansion

Preply, the innovative online language learning platform dedicated to unlocking human potential through personalized education, has successfully raised $170 million in its latest funding round. This significant capital influx marks a pivotal moment for the company, allowing it to scale its operations and enhance its unique tutoring capabilities even further. At Preply, the belief in the transformative power of education is central to its mission; the company connects learners with a diverse array of tutors from around the globe, fostering a cultural tapestry that enriches the learning experience. With over 32,000 tutors providing more than 15 million lessons to students from 175+ countries, Preply has established itself as a leader in the online language tutoring segment. The newly acquired funds will be primarily allocated to the development of AI-powered tools that empower tutors and enrich learning materials, offering students an unparalleled interactive experience. Additionally, the investment will support the growth of Preply's dynamic team of 700+ employees, who represent over 62 nationalities across locations like Barcelona, Kyiv, London, and the US. As Preply continues its tenfold revenue growth over the past three years, this funding enables the company to enhance its mission of perfecting the educational experience, while maintaining high engagement levels and motivation among its global community of learners. Exciting times are ahead as Preply gears up to redefine the future of language learning, ensuring that anyone, anywhere can access the quality education they deserve.