Preply, a global online language tutoring platform, has secured $35.0 million in new investment capital. This funding round underscores the company's position in the online education sector and its continued expansion. Preply facilitates life-changing learning experiences by connecting learners with over 100,000 tutors who teach more than 90 languages to individuals in over 175 countries. The company emphasizes a personalized learning journey and aims to provide the motivation necessary for sustained language acquisition.
The company has experienced significant growth, reporting a tenfold increase in revenues over the last five years. This trajectory has positioned Preply as a leader in the online language tutoring segment worldwide. With a team of over 700 employees representing more than 60 nationalities, based across offices in Barcelona, Kyiv, London, and the US, Preply is driven by a commitment to perfecting the experience it offers to both its consumer and enterprise customers.
The newly raised capital is intended to support Preply's ongoing growth initiatives. The company plans to allocate these funds towards further enhancing its platform, expanding its global community of tutors and learners, and investing in technological advancements designed to refine the personalized learning experience. This strategic investment aims to solidify Preply's market leadership and extend its reach within the rapidly evolving online education landscape.
Looking ahead, Preply is focused on leveraging this investment to continue its mission of powering people's progress through accessible and effective language education. The company anticipates further innovation in its offerings and continued expansion into new markets, reinforcing its commitment to creating impactful learning opportunities globally.
