Preply

Overview
EdTech: Corporate Learning?
EdTech: K-12?
Product stageSegments
Growth
?
Learning content | Supplementary skills
?

Founded in Ukraine in 2012 by Serge Lukianov, Dmytro Voloshyn, and Kirill Bigai, Preply is an online, tutor-led language learning platform. Launched as a marketplace for online SAT and ACT tutoring, the platform was relaunched as a language tutoring platform in 2013 to meet the demand for online English language tutoring. The company seeks to differentiate itself through the use of artificial intelligence to connect students with tutors, considering more than 400 parameters in the matching process. It also believes language learning should be conducted live and with a native speaker unlike its competitor Duolingo which promotes gamified and self-led learning. 

In 2019, the company entered the corporate learning space, offering its platform as a solution to help employees learn the languages of colleagues and clients. After entering the US in 2020, the country quickly became Preply’s largest market—accounting for a third of revenue—while the UK is the company’s largest European market. As of March 2021, the platform recorded 10 million booked lessons with 40,000 tutors teaching 50 languages across 190 countries.

In March 2021, Preply raised USD 35 million in Series B funding to improve support systems, curriculum, and the classroom experience, strengthen the company’s B2B product, and increase headcount.

HQ location:
1309 Beacon Street Suite 300 Brookline MA USA
Founded year:
2012
Employees:
501-1,000
IPO status:
Private
Total funding:
USD 170.1 mn
Last Funding:
USD 42.0 mn (Series C; Jul 2023)
Key competitors
 
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Product Overview
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Product Metrics
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Company profile
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EDGE Insights

Preply teardown: Cost-effective English language learning provider

Recent Updates

Funding
Jul 13, 2022
Ukraine-based Preply raises USD 50 million in Series C funding
EdTech: K-12

Funding


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