Preply Revenue, Valuation, Funding & Investors

Preply is valued at $1.2B as of January 2026, a 24.0x multiple on its last reported $50M revenue.

Last Preply valuation

$1.2B

Series D · Jan 2026

Last Preply funding round

$150M

Series D · Jan 2026

Preply revenue

$50M

Series D · Jan 2026

Key investors in Preply

  • Hoxton Ventures
  • Owl Ventures
  • Educapital
  • Arthur Kosten
  • Diligent Capital Partners
  • Przemek Gacek

Preply Overview

About Preply

Preply is an online language tutoring marketplace launched in 2012 that matches learners with tutors for live video lessons. The platform supports over 100 languages including English, Spanish, French, and Mandarin through personalized sessions. Tutors create profiles with trial lessons and rates starting from $5 per hour. Preply operates offices in Kyiv and the US, serving millions of users worldwide with tools for scheduling, payments, and progress tracking.


Founded

2012

HQ

UkraineKiev

Website

preply.com

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Revenue

$50M (Jan 2026)

Valuation

$1.2B (Jan 2026)

Preply Valuation

Preply is currently valued at $1.2B, based on its Series D in January 2026.

The $150M round was led by WestCap, with participation from Hoxton Ventures, Educapital, Indico Capital Partners, European Bank for Reconstruction and Development and Horizon Capital.

Preply's valuation has grown 24x from $49M at its Series A in March 2020 to $1.2B in January 2026, across 3 priced rounds.

Preply valuation by funding round

Revenue multiple
Preply valuation by funding round
DateStageValuationRevenue Multiple
Jan 2026Series D$1.2B24.0x
Jul 2023Series C$432M-
Mar 2020Series A$49M-

Preply Revenue

Preply's latest recorded revenue is $50M, as of its Series D in January 2026. At a $1.2B valuation, that implies a 24.0x revenue multiple.

Preply revenue by funding round

Preply revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jan 2026$50M$1.2B24.0xSeries D

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Preply Funding History

Preply has raised a total of $292M across 8 funding rounds, plus 1 secondary share sale.

Preply's first fundraising round was a $100K seed round in June 2015. The most recent completed round was a $150M Series D in January 2026.

Preply funding rounds

Preply funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2026Series DWestCap (lead); Hoxton Ventures; Educapital; Indico Capital Partners; European Bank for Reconstruction and Development; Horizon Capital$150M$1.2BPreply, a Ukrainian-founded edtech company launched in 2012, operates a global language learning marketplace connecting over 100,000 tutors with students in 180 countries for one-on-one lessons in more than 90 languages. The platform emphasizes human-led instruction enhanced by AI tools like lesson summaries, homework assistance, and tutor matching. Following Russia's invasion, Preply relocated its global HQ to New York while maintaining offices in Kyiv, Barcelona, and London. Preply raised $150 million in a Series D funding round led by WestCap, achieving a $1.2 billion post-money valuation and unicorn status, more than doubling its prior Series C valuation of $500-600 million from 2023 when it raised $70 million. Other participants included existing investors like Horizon Capital, Hoxton Ventures, Indico Capital Partners, and the European Bank for Reconstruction and Development. This marks the first investment from Horizon Capital's fourth fund and underscores Ukrainian startup resilience amid challenges. Post-Series C, Preply tripled active tutors, added over 40 languages, and reached positive EBITDA for 12 months, integrating AI to support scaling. The new funds will expand AI and data capabilities, grow product and engineering teams across its offices, and accelerate global market expansion in a sector projected to reach $227 billion by 2035 serving 1.8 billion language learners. Competitors like Duolingo focus on AI-driven self-guided learning, but Preply differentiates with live tutor sessions augmented by technology. WestCap partner Allen Mask, former Airbnb executive, joined the board, bringing IPO expertise as Preply considers future public markets without a set timeline.
Jul 2023Series CHorizon Capital (lead); Reach Capital; Owl Ventures; Hoxton Ventures$42M$432MPreply is a Ukrainian-founded edtech platform that connects students with over 35,000 live tutors for language learning across 50 languages, differentiating itself from apps like Duolingo by emphasizing human-led instruction enhanced by AI. On July 19, 2023, it raised an additional $70 million ($42 million equity, $28 million debt) led by Horizon Capital, with participation from Reach Capital, Hoxton Ventures, Owl Ventures, and others including IFC and EBRD's $10 million co-investment, extending its Series C to $120 million total from the initial $50 million in 2022. The funding aims to integrate AI for scaling tutor experiences, R&D, product development, and global expansion amid strong capital efficiency. The company's prior round was at a $432 million valuation, though Preply declined to disclose the updated post-money valuation for this extension. Secondary sources later estimated the 2023 Series C at $500-600 million, but no official figure was released. Preply operates globally with nearly 500 employees across 30 countries, offices in Barcelona, New York, and Kyiv, serving the growing language learning market projected to reach $227 billion by 2035. Post-Series C, Preply tripled active tutors, added over 40 languages, and reportedly achieved positive EBITDA, though specific revenue or ARR figures were not disclosed in contemporaneous sources. This positioned it for further growth, leading to a Series D in 2025-2026 raising $150 million at $1.2 billion valuation led by WestCap, more than doubling its prior value and making it a Ukrainian unicorn.
Jan 2023SecondaryFlashpoint--Flashpoint Secondary Fund I bought a stake in Preply, the language learning marketplace, purchasing shares from existing holders rather than investing primary capital. The fund targets category-leading later-stage companies founded by European and Israeli entrepreneurs and provides liquidity to founders, employees and early investors. Terms were not disclosed; Preply reached unicorn valuation in late 2025.
Mar 2022Series COwl Ventures (lead); Przemek Gacek; Evli Growth Partners; ORBIT Capital; Swisscom Ventures; Hoxton Ventures; Diligent Capital Partners; Educapital$50M--
Mar 2021Series BFull In (lead); Owl Ventures (lead)$35M--
Mar 2020Series AHoxton Ventures (lead); Acurio Ventures; The Family; David Helgason; Point Nine; Gary Swart; Diligent Capital Partners; Arthur Kosten; Educapital; Inovo.vc; Daniel Hoffer$10M$49MPreply raised $10.23 million in its Series A funding round on March 30, 2020, led by Hoxton Ventures with participation from Acurio Ventures (listed as All Iron Ventures), Arthur Kosten, Daniel Hoffer, David Helgason, Diligent Capital Partners, Educapital, Gary Swart, Point Nine Capital, and The Family. The post-money valuation for this round was $49.39 million. This round supported Preply's growth as a global language learning marketplace connecting tutors with students.
Jul 2018SeedPoint Nine (lead); Mariusz Gralewski; Przemek Gacek; One Way Ventures; RTA.vc; Diligent Capital Partners; Arthur Kosten; SMRK VC Fund$4M--
Jun 2016SeedHedgehog Fund (lead); Mariusz Gralewski (lead); Przemek Gacek (lead); Digital Future; RTA.vc; Xevin Investments; Techstars; Arthur Kosten; SMRK VC Fund$1M--
Jun 2015SeedTechstars (lead)$100K--

Who has invested in Preply?

31 investors have backed Preply across its funding rounds, including Hoxton Ventures, Owl Ventures, Educapital, Arthur Kosten, Diligent Capital Partners and Przemek Gacek.

Lead investors include WestCap, Horizon Capital, Owl Ventures, Full In, Hoxton Ventures and 5 other investors.


Preply Investors

Investors in Preply by funding rounds participated
InvestorHQRoundsRoleFirst check
Hoxton VenturesUnited KingdomLondon4LeadMar 2020
Przemek GacekPolandPoland3LeadJun 2016
Owl VenturesUnited StatesSan Francisco, CA3LeadMar 2021
Diligent Capital PartnersUkraineKyiv3ParticipantJul 2018
Arthur KostenNetherlandsLeiden3ParticipantJun 2016
EducapitalFranceParis3ParticipantMar 2020
Mariusz GralewskiSpainBarcelona2LeadJun 2016
Point NineGermanyBerlin2LeadJul 2018
RTA.vcGermanyBerlin2ParticipantJun 2016
TechstarsUnited StatesBoulder, CO2LeadJun 2015
Horizon CapitalUkraineKyiv2LeadJul 2023
SMRK VC FundUkraineKyiv2ParticipantJun 2016
Reach CapitalUnited StatesSan Francisco, CA1ParticipantJul 2023

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Preply Competitors

Preply competitors include listed companies like Coursera and Youdao, and private ones like PAPER, ClassDojo, Domestika and LEAD.

Public and private companies comparable to Preply
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PAPERCanadaMontrealPrivate--$1.2B-
ClassDojoUnited StatesSan Francisco, CAPrivate--$1.3B-
DomestikaUnited StatesSan Francisco, CAPrivate--$1.3B-
LEADIndiaMumbaiPrivate--$1.1B-
CourseraUnited StatesUnited StatesPublicly listed$758M($49M)$1.4B0.3x
YoudaoChinaChinaPublicly listed$881M$29M$1.7B2.0x

Preply Public Comps

Preply is still privately-owned, but its public comps include Afya, Coursera, American Public Education, Youdao, Docebo, Jiangsu Chuanzhiboke, Alef Education, Gaotu Techedu, Qibu and MegaStudyEdu.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Afya$719M$289M2.3x2.2x5.6x5.0x
Coursera$758M($49M)0.5x0.3x(7.7x)2.7x
American Public Education$649M$64M1.1x1.1x11.6x7.8x
Youdao$881M$29M2.1x2.0x63.1x33.8x
Docebo$243M$26M2.6x2.4x24.8x12.3x
Jiangsu Chuanzhiboke$57M($7M)8.9x6.3x(67.8x)-
Alef Education$210M$150M8.2x7.8x11.5x11.1x
Gaotu Techedu$917M($38M)0.2x0.2x(4.3x)(33.7x)

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Common questions about Preply

When was Preply founded?Preply was founded in 2012.
Where is Preply headquartered?Preply is headquartered in Kiev, Ukraine.
Is Preply publicly listed?No, Preply is a private, VC-backed company.
What is Preply's valuation?Preply was last valued at $1.2B in its Series D in January 2026.
How much funding has Preply raised?Preply has raised $292M across 8 funding rounds.
What was Preply's last funding round?Preply's last funding round was a $150M Series D in January 2026, led by WestCap.
Who are Preply's investors?Preply's investors include Hoxton Ventures, Przemek Gacek, Owl Ventures, Diligent Capital Partners, Arthur Kosten, Educapital, Mariusz Gralewski, Point Nine, RTA.vc, Techstars and 21 others.
What is Preply's revenue?Preply's latest recorded revenue is $50M (January 2026).
What is Preply's revenue multiple?Preply's latest valuation implies a 24.0x revenue multiple ($1.2B valuation on $50M of revenue).
Which companies are comparable to Preply?Companies comparable to Preply include PAPER, ClassDojo, Domestika, LEAD, Coursera and Youdao.

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