Ukrainian EdTech Preply Raises $150M Series D Led by WestCap

The round brings Preply’s total funding to around $299 million and values the company at $1.2 billion marking a major milestone in its mission to make high-quality language learning accessible worldwide.

Preply connects more than 100,000 tutors with learners across 180 countries offering one-on-one lessons in over 90 languages.

The platform combines human-led instruction with an AI-powered tutoring co-pilot to deliver flexible, personalised learning experiences that drive measurable progress.

While many learning platforms are moving toward full automation, Preply continues to prioritise human connection using AI to enhance not replace tutor-led learning.

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Its 2025 Efficiency Study with LeanLab Education found that 96% of learners value real conversations with human tutors and 97% say these interactions significantly boost confidence.

Since establishing its Barcelona hub in the city’s 22@ innovation district, Preply has strengthened its presence in Southern Europe as a key driver of global growth.

Following its Series C, the company has more than tripled its number of bookable tutors, added over 40 new languages, improved EBITDA and achieved EBITDA-positive performance in the past year.

"We feel extremely fortunate and deeply responsible for shaping how people will learn in the future,” says Preply co-founder and CEO Kirill Bigai.

“Today, we connect people with the world’s best tutors, amplified by AI, bringing learning efficiency to a level that was previously unreachable.

This investment will help us to continue to innovate at the intersection of human tutoring and AI, creating opportunities everywhere for people to connect, belong, succeed, and ultimately to progress in their lives, no matter where they are in the world.”

“Preply is setting a new standard for personalised education at scale, and the opportunities are virtually limitless,” says Allen Mask, Partner at and former senior executive at Airbnb, who is joining the Preply board.

“Data shows that learners thrive when real human instruction is supported by technology, and in today’s increasingly connected world, there is a real demand for democratizing access to high-quality learning in a modern and effective way. Preply has the market-leading product, the experienced leadership team, and the vision to shape how people communicate globally.”

“Preply’s ability to merge cutting edge AI with the essential human element of learning is truly unique. We are thrilled to support their journey as they continue to scale from their hub in Barcelona, a city that perfectly mirrors the company’s international and innovative spirit," says Stephan de Moraes Managing General Partner at Índico Capital Partners.

"Their transition into an EBITDA-positive global leader while fostering such a vibrant tech hub in Southern Europe is a testament to the strength of the team and the massive potential of the language learning market."

With the new funding, Preply plans to strengthen its AI and data capabilities, expand its product and engineering teams to further improve the platform experience and accelerate global growth to reach more learners and tutors worldwide as it continues to reshape traditional education.

About Preply

Founded in 2012, Preply is an online learning platform focused on powering people’s progress. It delivers personalised life-changing learning experiences by connecting learners with expert tutors, combining human-led instruction with tailored journeys and motivation to help people learn effectively and keep growing.