Preply Raises $150M to Scale EdTech

Preply is a Ukrainian-based company that raised a Series D in an effort to grow AI-assisted, human-guided language learning on a global scale.

Preply, a language learning marketplace founded in Ukraine, has raised a Series D of $150 million, led by WestCap and including Indico Capital Partners, giving the company a $1.2 billion valuation. The investment represents a major development for the company since it will surge its acquisition of new markets across the globe in the rapidly expanding EdTech market.

Preply was started as an online language teaching community, which links over 100,000 teachers with students in 180 nations, where individuals take individual lessons in more than 90 languages. The EdTech model used in the company combines human-based teaching with AI-assisted tutoring applications that make the company stand out against the automation-based extensive platforms of learning, focusing on the actual human interaction.

The 2025 Efficiency Study by Preply was carried out with the help of LeanLab Education, and according to the results, 96 percent of learners think human tutors are the key to progress in learning, and 97 percent of learners believe real conversations increase confidence. This information supports an EdTech business model by Preply, focusing on making tutor-led learning better but not eliminating it with AI.

In the 22@ innovation district in Barcelona, where it has its hub, Preply has increased its number of tutors over three times, added more than 40 additional languages, and attained positivity in EBITDA. The new capital will also enable the company to advance its AI and data capabilities, increase engineering staff, and go global.

With the increasing demand in personalized e-learning, Preply strives to become a global EdTech powerhouse that is transforming the manner in which languages are acquired in the world.