Language learning marketplace Preply is now valued at $1.2 billion after raising a $150 million Series D round that marks a new chapter for the 14-year-old company, whose previous backers include Horizon Capital, Hoxton Ventures, Owl Ventures and Techstars Berlin.
While Preply has been connecting language learners with tutors since 2013, it has now been EBITDA profitable for twelve months. Not coincidentally, it has also ramped up AI integration to support its 100,000 tutors and continue scaling.
That’s a fine line — Duolingo faced backlash after declaring it would become an “AI-first com
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