Preply, a global private language tutoring platform with Ukrainian roots, has just announced the completion of a $4 million round of funding. The funding will support the long-term development of future products, including improving the Preply calendar, its instant booking feature, and the launch of its mobile apps.
Preply enters a market dominated by the likes of Duolingo, Memrise, and Quizlet, but it focuses on teaching young professionals how to conduct business in 40 languages, rather than targeting conversational skills or the kind of learning best suited to vacations.
The funding round was led Berlin-based Point Nine Capital. Additional investors included Arthur Kosten (Booking.com, 2003-2012), RTAventures VC (Poland), Mariusz Gralewski (DocPlanner, Poland), Przemysław Gacek (Grupa Pracuj, Poland), Diligent Capital Partners (Ukraine) and SMRK (Ukraine).
Read the full article on VentureBeat and a Preply case study in EWDN’s CEE Startup Report.