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- Preply
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
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
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$50M (Jan 2026)
Valuation
$1.2B (Jan 2026)
Sectors
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| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jan 2026 | Series D | $1.2B | 24.0x |
| Jul 2023 | Series C | $432M | - |
| Mar 2020 | Series 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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jan 2026 | $50M | $1.2B | 24.0x | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2026 | Series D | WestCap (lead); Hoxton Ventures; Educapital; Indico Capital Partners; European Bank for Reconstruction and Development; Horizon Capital | $150M | $1.2B | Preply, 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 2023 | Series C | Horizon Capital (lead); Reach Capital; Owl Ventures; Hoxton Ventures | $42M | $432M | Preply 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 2023 | Secondary | Flashpoint | - | - | 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 2022 | Series C | Owl Ventures (lead); Przemek Gacek; Evli Growth Partners; ORBIT Capital; Swisscom Ventures; Hoxton Ventures; Diligent Capital Partners; Educapital | $50M | - | - |
| Mar 2021 | Series B | Full In (lead); Owl Ventures (lead) | $35M | - | - |
| Mar 2020 | Series A | Hoxton Ventures (lead); Acurio Ventures; The Family; David Helgason; Point Nine; Gary Swart; Diligent Capital Partners; Arthur Kosten; Educapital; Inovo.vc; Daniel Hoffer | $10M | $49M | Preply 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 2018 | Seed | Point Nine (lead); Mariusz Gralewski; Przemek Gacek; One Way Ventures; RTA.vc; Diligent Capital Partners; Arthur Kosten; SMRK VC Fund | $4M | - | - |
| Jun 2016 | Seed | Hedgehog Fund (lead); Mariusz Gralewski (lead); Przemek Gacek (lead); Digital Future; RTA.vc; Xevin Investments; Techstars; Arthur Kosten; SMRK VC Fund | $1M | - | - |
| Jun 2015 | Seed | Techstars (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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Mar 2020 | ||
| 3 | Lead | Jun 2016 | ||
| 3 | Lead | Mar 2021 | ||
| 3 | Participant | Jul 2018 | ||
| 3 | Participant | Jun 2016 | ||
| 3 | Participant | Mar 2020 | ||
| 2 | Lead | Jun 2016 | ||
| 2 | Lead | Jul 2018 | ||
| 2 | Participant | Jun 2016 | ||
| 2 | Lead | Jun 2015 | ||
| 2 | Lead | Jul 2023 | ||
| 2 | Participant | Jun 2016 | ||
| 1 | Participant | Jul 2023 | ||
This data is available for Pro users. Sign up to see all 31 Preply investors. Start Free Trial | ||||
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Start Free TrialPreply Competitors
Preply competitors include listed companies like Coursera and Youdao, and private ones like PAPER, ClassDojo, Domestika and LEAD.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.2B | - | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $1.1B | - | ||
| Publicly listed | $758M | ($49M) | $1.4B | 0.3x | ||
| Publicly listed | $881M | $29M | $1.7B | 2.0x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $719M | $289M | 2.3x | 2.2x | 5.6x | 5.0x | |||
| $758M | ($49M) | 0.5x | 0.3x | (7.7x) | 2.7x | |||
| $649M | $64M | 1.1x | 1.1x | 11.6x | 7.8x | |||
| $881M | $29M | 2.1x | 2.0x | 63.1x | 33.8x | |||
| $243M | $26M | 2.6x | 2.4x | 24.8x | 12.3x | |||
| $57M | ($7M) | 8.9x | 6.3x | (67.8x) | - | |||
| $210M | $150M | 8.2x | 7.8x | 11.5x | 11.1x | |||
| $917M | ($38M) | 0.2x | 0.2x | (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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