Program Information
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70% Commission On New Trials
Networks
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Cookie Length
30 daysLaunch Year
2012Country
Preply operates as a global online marketplace for language education, linking learners with qualified tutors across the globe. The company was established in 2012 by Ukrainian founders Kirill Bigai, Dmytro Voloshyn, and Serge Lukianov. Today, it is an international organization with teams based in Barcelona, New York, and Kyiv, boasting a workforce of more than 500 people representing 60 nationalities.
Its service employs a sophisticated matching system powered by machine learning. This system pairs students with instructors by analyzing factors like budget, time zone, tutor background, and individual learning aims, creating a tailored connection. The platform covers instruction in more than 50 languages, where tutors work independently, determining their own pricing and lesson timetables.
A ranking algorithm driven by machine learning was implemented in 2016 to improve the quality of tutor suggestions. During that year, Preply also obtained $1.3 million in venture capital from backers including Techstars, SMRK VC Fund, and Arthur Kosten, which supported its entry into additional markets.
To provide a cohesive educational environment, the company introduced Preply Classroom (initially called Preply Space) in 2018. This all-in-one toolkit features a dedicated video interface, messaging functions, and screen-sharing tools to foster productive interaction during lessons.
The company has achieved substantial financial milestones through successive investment rounds. Total funding reached $50.6 million by March 2021. In July 2022, it secured a further $50 million, and then extended its Series C round with $70 million in August 2023 under the leadership of Horizon Capital. This most recent capital infusion was aligned with the debut of an AI assistant designed to support learners.
Preply's adaptable model has gained widespread appeal. Learners can browse detailed tutor profiles showcasing credentials, methodology, and peer feedback, enabling choices that align with their objectives. For educators, the platform grants freedom to manage their pricing and availability, welcoming various teaching approaches.
Through its dedicated use of technology to customize education, Preply has become a key competitor in the digital language-learning sector. By persistently enhancing its platform and broadening its international presence, the company strives to increase the efficiency and reach of language acquisition for a global audience.
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