techcrunch.com
Language learning platform Preply has reached a $1.2 billion valuation after raising a $150 million Series D round led by WestCap. The 14-year-old company, supported by investors like Owl Ventures, is now EBITDA profitable. Preply is integrating AI to assist its 100,000 tutors with features like lesson summaries and better user matching, emphasizing that AI will “amplify” rather than replace human instructors.
Despite the Russian invasion of Ukraine, CEO Kirill Bigai confirmed the company maintains a fully operational office in Kyiv, where 150 employees work. Bigai noted that the team’s resilience through the war has strengthened the company. While an IPO is not imminent, the new funding positions Preply among successful Ukrainian-rooted unicorns like Grammarly.
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