- Direction:
- IT
Preply Raises $150M at $1.2B Valuation, Becoming a New Ukrainian Unicorn
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- 2 min
Ukrainian-founded EdTech company Preply has raised $150 million in Series D funding, reaching a $1.2 billion valuation and becoming one of the latest unicorns originating from Ukraine.
The round was led by WestCap and more than doubles the company’s estimated valuation following its previous Series C round in 2023, when Preply raised $70 million at an estimated $500–600 million valuation.
Preply operates a global language learning marketplace connecting over 100,000 tutors with students across 180 countries. The platform supports learning in more than 90 languages, combining human-led instruction with AI-powered tools for tutors.
Founded in Kyiv over a decade ago by Kyrylo Bihai, Dmytro Voloshyn, and Serhii Lukianov, Preply now operates globally with a major office in Barcelona.
Following its Series C round, Preply tripled the number of active tutors, added more than 40 new languages, and achieved positive EBITDA.
The company plans to use the new funding to:
- expand its AI and data capabilities,
- grow product and engineering teams,
- accelerate global market expansion.
According to HolonIQ, approximately 1.8 billion people worldwide are actively learning a second language, and the global consumer language learning market is projected to reach $227 billion by 2035.
Preply is also part of Horizon Capital’s portfolio, becoming the first investment of its fourth fund.
