Ukrainian edtech Preply raises $150M Series D, reaching $1.2B valuation to expand AI-powered language learning globally

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Ukrainian edtech Preply raises $150M Series D, reaching $1.2B valuation to expand AI-powered language learning globally

Preply, a Ukrainian-founded global marketplace for language learning, has announced the successful closing of a $150 million Series D investment round. The round was led by WestCap, with participation from EBRD and Horizon Capital. Following the investment, Preply was valued at $1.2 billion. The company plans to use the funds to provide affordable, high-quality education on a global scale. The company shared the news with AIN.

About Preply

  • Preply is a Ukrainian-founded online platform for language learning that connects students with over 100,000 tutors teaching more than 90 languages worldwide. 

  • Founded in 2012 by Kyrylo Bigay, Serhii Lukianov, and Dmytro Voloshyn, the company combines human-led tutoring with AI-driven tools to create a more personalized and effective learning experience.

  • According to the company, today, Preply continues to develop technology that supports both learners and tutors, helping users achieve measurable progress in their studies.

“Today, Preply connects students and tutors from all over the world. Technology helps make learning easier and more convenient, but people are always at the center. We value our partnership with WestCap and are excited to work with a team that understands how to scale global products. This investment will help us move forward and develop what we do best,” said Kyrylo Bigay, co-founder and CEO of Preply.

Investment details

  • The round was led by WestCap, a strategic investment and operating company with over $6 billion in assets under management. Investors also include EBRD and Horizon Capital. 

  • In addition, WestCap is joining Preply as a strategic partner. WestCap partner Allen Mask will join Preply’s board of directors.

  • Following this round, Preply’s total funding has reached nearly $299 million. At the end of the round, Preply was valued at $1.2 billion. 

Preply will use the funding to enhance its AI-powered learning tools, expand its product and engineering teams, and further develop its personalized, tutor-led learning platform globally.

Read more: HOLYWATER raised $22M for the development of vertical series. The round was led by Horizon Capital

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https://en.ain.ua/2026/01/21/preply-raises-150m/