Overview
- The round values the language learning company at $1.2 billion, with Goldman Sachs International serving as sole placement agent and WestCap partner Allen Mask joining the board.
- Preply runs a live tutoring marketplace linking more than 100,000 tutors to learners in 180 countries across over 90 languages.
- Its platform uses an AI tutoring co-pilot for progress tracking, lesson summaries, homework and tutor matching while keeping instruction centered on human tutors and privacy standards such as GDPR.
- The company plans to expand global reach by investing in AI and data capabilities and growing product and engineering teams, including a stated goal to hire about 100 engineers this year.
- Preply maintains a significant presence in Kyiv with roughly 150 employees and has kept the office operating with generators and 24/7 access during the war, according to the company.