The company became EBITDA-positive over the past year and will use the new capital to deepen its AI capabilities, grow its teams, and accelerate international expansion.
Ukrainian-founded language learning marketplace Preply has raised $150 million Series D funding led by WestCap with support from Índico Capital Partners.
This latest round brings Preply’s total funding to approximately $299 million to-date and values the company at $1.2 billion, marking a significant milestone in Preply’s mission to make transformative learning experiences accessible to people around the world.
A pioneer in online language learning, Preply’s platform connects more than 100,000 tutors with learners in 180 countries, facilitating one-on-one lessons in more than 90 languages.
Powered by a unique combination of human-led instruction, paired with its AI-supported tutoring co-pilot suite, Preply is redefining how people learn through high-quality, flexible, and tailored learning experiences designed to drive real progress with every lesson.
As other learning platforms increasingly turn to automation, Preply remains committed to the power of human connection, using AI to enable and enhance tutor-driven learning and support its tutoring co-pilot suite. Preply’s 2025 Efficiency Study, conducted in partnership with the nonprofit research organisation LeanLab Education, revealed that 96 per cent of learners consider learning with a human tutor and engaging in real conversations as essential to their progress, while 97 per cent said these interactions were key to boosting their confidence.
Since opening its hub in Barcelona, Preply has become a cornerstone of the city’s thriving 22@ innovation district. This strategic presence in Southern Europe serves as the primary engine of Preply’s mission to democratise language learning worldwide.
Since its Series C raise, Preply has more than tripled its number of bookable tutors and expanded its offering by adding over 40 new languages to the platform. In the last twelve months, the company continued to improve EBITDA and became EBITDA-positive.
“We feel extremely fortunate and deeply responsible for shaping how people will learn in the future,” says Preply co-founder and CEO Kirill Bigai.
“Today, we connect people with the world’s best tutors, amplified by AI, bringing learning efficiency to a level that was previously unreachable.
This investment will help us to continue to innovate at the intersection of human tutoring and AI, creating opportunities everywhere for people to connect, belong, succeed, and ultimately to progress in their lives, no matter where they are in the world.”
“Preply is setting a new standard for personalised education at scale, and the opportunities are virtually limitless,” says Allen Mask, Partner at and former senior executive at Airbnb, who is joining the Preply board.
“Data shows that learners thrive when real human instruction is supported by technology, and in today’s increasingly connected world, there is a real demand for democratizing access to high-quality learning in a modern and effective way. Preply has the market-leading product, the experienced leadership team, and the vision to shape how people communicate globally.”
“Preply’s ability to merge cutting-edge AI with the essential human element of learning is truly unique. We are thrilled to support their journey as they continue to scale from their hub in Barcelona, a city that perfectly mirrors the company’s international and innovative spirit,” says Stephan de Moraes, Managing General Partner at Índico Capital Partners.
“Their transition into an EBITDA-positive global leader while fostering such a vibrant tech hub in Southern Europe is a testament to the strength of the team and the massive potential of the language learning market.”
With this capital, Preply plans to advance its AI and data capabilities, expand its product and engineering teams to enhance the platform experience, and accelerate its global growth to reach more learners and tutors worldwide as it reshapes the traditional education system.