Preply, the online language learning platform, has recently announced that it has raised $150m in a Series D funding round, led by WestCap, which values the company at a whopping $1.2bn. This successful funding round will allow Preply to accelerate its plans for expanding its reach worldwide, using a combination of human-led teaching and AI technology.

Preply was founded in 2012 with a vision to bring language learning to the digital age. It offers a wide range of courses in over 50 different languages, taught by highly qualified and experienced tutors. The platform has gained immense popularity among language learners due to its convenient and effective approach to learning.

The recent funding round is a testament to Preply’s success and potential for growth. With the rise in demand for online education, especially in the wake of the pandemic, Preply has seen a surge in its user base, and this new funding will help the platform to further cater to this growing demand.

Preply’s human-led teaching approach is what sets it apart from other online language learning platforms. The tutors on Preply are carefully selected and go through a rigorous screening process, ensuring high-quality instruction for students. The platform also uses AI technology to personalize the learning experience for each student, making it more efficient and effective.

Kirill Bigai, the CEO and co-founder of Preply, expressed his gratitude for the support and trust shown by the investors. He also stated, “We strongly believe that the combination of human-led teaching and AI technology is the key to unlocking the full potential of online education. With this new funding, we are excited to bring our unique approach to language learning to even more students worldwide.”

Preply has already made a significant impact in the online education market, with over 27,000 tutors and more than two million students from 190 countries using the platform. With this latest funding, the company plans to further expand its services and reach even more learners globally.

The pandemic has accelerated the shift towards online education, and Preply is at the forefront of this transformation. The platform has not only made language learning accessible and convenient, but it has also made it more engaging and enjoyable for students with its interactive tools and features. This has led to a high retention rate and positive reviews from its users.

WestCap, the leading investor in this funding round, has a track record of backing successful education and technology companies. Laurence Tosi, the managing partner at WestCap, commented, “We are thrilled to be partnering with Preply as they continue to revolutionize the online language learning market. Their unique and effective approach to education is what sets them apart, and we have full confidence in their ability to drive further growth and success.”

Preply’s success and growth have not gone unnoticed. In 2020, the company was named one of the “Top 10 EdTech Startups” by Forbes, and it has also been recognized as one of the fastest-growing companies in Europe by the Financial Times.

The company’s vision and determination to provide high-quality education to students globally have been the driving force behind its success. The latest funding round will enable Preply to continue its mission of making language learning accessible, effective, and enjoyable for all.

In conclusion, Preply’s latest funding round is a significant milestone for the company and the online education market. With its unique blend of human-led teaching and AI technology, the platform has positioned itself as a leader in the industry. This funding will not only help Preply expand its reach but also continue to innovate and provide the best learning experience for its students. The future of language learning is undoubtedly in safe hands with Preply.