Language learning platform Preply raised $150 million in Series D funding led by WestCap, reaching a valuation of $1.2 billion. The 14-year-old company achieved EBITDA profitability in the past year and is currently leveraging AI tools to enhance its platform features, such as course summaries and tutor matching, while emphasizing a human-centered learning approach. Despite ongoing conflict, Preply still maintains an important office in Kyiv, with about 150 of its 750 employees working in Ukraine. CEO Kirill Bigai stated that while there are no specific IPO plans at the moment, the company will consider WestCap's expertise in going public.
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Language learning platform Preply raised $150 million in Series D funding led by WestCap, reaching a valuation of $1.2 billion. The 14-year-old company achieved EBITDA profitability in the past year and is currently leveraging AI tools to enhance its platform features, such as course summaries and tutor matching, while emphasizing a human-centered learning approach. Despite ongoing conflict, Preply still maintains an important office in Kyiv, with about 150 of its 750 employees working in Ukraine. CEO Kirill Bigai stated that while there are no specific IPO plans at the moment, the company will consider WestCap's expertise in going public.