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Preply

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Preply
Type of businessPrivate
Type of site
Educational
Available inEnglish, French, German, Italian, Russian, Spanish
Traded asPreply Inc.
Headquarters
Brookline, USA
Country of origin Ukraine[1]
Area servedWorldwide
Founder(s)Serge Lukianov, Kirill Bigai, Dmytro Voloshyn
CEOKirill Bigai
IndustryOnline education Language learning
ServicesEducation service
Employees400[2]
URLhttps://preply.com/
LaunchedNovember 1, 2012; 12 years ago (2012-11-01)
Current statusActive
Native client(s) oniOS[3] & Android[4]

Preply is a language learning app and e-learning platform. The company is based in US with employees based in 30 countries across Europe, North America, South America, Africa, and Asia. Preply has 400 employees of 58 different nationalities.[5][6][7]

As of 2022, Preply connects over 140,000 tutors teaching 50 languages from 203 countries worldwide.[5][8]

History

The company was founded in 2012 by Ukrainian entrepreneurs Kirill Bigai, Dmytro Voloshyn, and Serge Lukyanov. The website, preply.com, was relaunched in November 2013 with the focus on online language learning.[9]

On August 31, 2013, Preply became a leading Ukrainian educational startup after an initial angel investment of $180,000 from Semyon Dukach, Borya Shakhnovich, Vadim Yasinovsky, Dan Pasko, Torben Majgaard, and Vostok Ventures.[10][11]

In 2013, the company started expanding into markets of Ukraine, Belarus, Russia, Kazakhstan and Poland.[11]

In 2016, the Preply platform was restructured by adding a ranking algorithm of machine learning for recommendations and classification of tutors.[12]

In 2018, Preply Classroom (formerly Preply space) was launched as the all-in-one language learning ecosystem with the integrated video platform, online chat, screen sharing, and more.[13]

In 2019, Preply opened a new office in Barcelona, Spain, and expanded its services into UK, Germany, and Spanish markets.[12]

As of September 2021, the app has received $50.6 million of investments in a total of 8 funding rounds.[14]

In July 2022, Preply raised additional $50 million of investements.[15]

Product

Preply’s product is based on one-to-one human tutoring. The company uses a machine learning algorithm to increase matching efficiency between learners and tutors on a variety of parameters such as price, availability, country of birth, other languages spoken, learning objectives and more.[16]

Preply developed a proprietary Curriculum product that is complementing human learning by providing placement tests with AI voice recognition, interactive vocabulary exercises, available on all platforms and other features.[17]

Recognition

In May 2020, Preply won “The Revenue Hack of 2020” at the Ukrainian Startup Awards.[18]

In July 2021, Preply was a finalist for the 2021 Europas award for “Hottest edTech Startup in Europe”.[19]

References

  1. ^ "More than 10.000 hours of lessons a month are taught on Preply". 150sec. 2016-03-04. Retrieved 2021-10-27.
  2. ^ "About us | Preply". preply.com. Retrieved 2021-11-06.
  3. ^ "‎Preply: Learn languages". App Store. Retrieved 2021-11-06.
  4. ^ "Preply: Learn any language - Apps on Google Play". play.google.com. Retrieved 2021-11-06.
  5. ^ a b "About us | Preply". preply.com. Retrieved 2021-11-06.
  6. ^ Ghosh, Shona. "Language-learning marketplace Preply raises $35 million led by Silicon Valley investors". Business Insider. Retrieved 2021-11-06.
  7. ^ Mergermarket. "Language Learning Apps Are Seeing A Surge In Interest During The COVID-19 Pandemic". Forbes. Retrieved 2021-11-06.
  8. ^ Wallen, Joe. "Ed-Tech Firm Preply Announces European Expansion After Successful Summer Funding". Forbes. Retrieved 2021-10-27.
  9. ^ "More than 10.000 hours of lessons a month are taught on Preply". 150sec. 2016-03-04. Retrieved 2021-10-27.
  10. ^ "Большие надежды. ТОП-30 стартапов украинского интернета". 19 October 2012.{{cite web}}: CS1 maint: url-status (link)
  11. ^ a b News, Ukraine Digital (2015-02-02). "Ukrainian online tutoring platform Preply enters Polish market |". Retrieved 2021-10-27. {{cite web}}: |last= has generic name (help)
  12. ^ a b "Preply pulls in $1.3M to expand its tutoring marketplace in Europe". TechCrunch. 7 June 2016. Retrieved 2021-10-27.
  13. ^ "Preply: A global marketplace for tutoring · Showcases · Techukraine". Techukraine. Retrieved 2022-05-19.
  14. ^ "Ukrainian edtech startup Preply raises €29.5M to prep its online language learning platform for recent growth | Silicon Canals". 9 March 2021. Retrieved 2021-10-27.
  15. ^ "Ukrainian startup Preply beats the geopolitical odds with $50M to grow its language learning platform". TechCrunch. 13 July 2022. Retrieved 2022-07-13.
  16. ^ "Online tutoring marketplace Preply banks $10M to fuel growth in North America, Europe". TechCrunch. 30 March 2020. Retrieved 2021-10-27.
  17. ^ Tucker, Charlotte (2021-03-10). "Barcelona and Kyiv-based Preply raises €29.4 million to grow its online language learning platform". EU-Startups. Retrieved 2021-10-27.
  18. ^ "TechUkraine news - Winners of the Ukrainian Startup Awards 2020 · Techukraine". Techukraine. 2021-06-01. Retrieved 2021-10-27.{{cite web}}: CS1 maint: url-status (link)
  19. ^ "The Europas 2021". theeuropas2021.thepathfounder.com. Retrieved 2021-10-27.
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