"The round, for which Goldman Sachs International acted as sole placement agent, will be used to accelerate product development, expand Preply's AI and data capabilities and fuel international growth as the company seeks to reshape education through personalised, tutor-led learning supported by artificial intelligence. Founded as an online language tutoring marketplace, Preply now connects more than 100,000 tutors with learners in 180 countries, offering one-to-one lessons across more than 90 languages."
"Its model blends human instruction with an AI-powered tutoring co-pilot designed to track progress, surface insights and automate administrative tasks, allowing tutors to focus on teaching and learners to progress faster. The funding comes amid strong growth in global demand for language learning. According to data from HolonIQ, around 1.8 billion people worldwide are currently working towards proficiency in a second language. The global direct-to-consumer language learning market is forecast to reach $227 billion by 2035, following threefold growth over the past five years."
Preply closed a $150 million Series D led by WestCap at a $1.2 billion valuation, with Goldman Sachs International as sole placement agent. The funding will accelerate product development, expand AI and data capabilities, and support international growth for personalised, tutor-led learning augmented by AI. The platform connects over 100,000 tutors with learners in 180 countries across more than 90 languages and pairs human instruction with an AI tutoring co-pilot that tracks progress, surfaces insights and automates administrative tasks. Demand for language learning is strong, with HolonIQ estimating 1.8 billion learners and a projected $227 billion market by 2035. Since Series C the company tripled bookable tutors, added 40+ languages, improved profitability and reached EBITDA positivity, with investors including WestCap, the EBRD and Horizon Capital.
Read at Business Matters
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