DILIGENT CAPITAL PARTNERS MAKES ADDITIONAL INVESTMENTS IN PREPLY, ELEVATING TOTAL INVESTMENT TO $15 MILLION, SUPPORTING EXPANSION OF PREPLY LANGUAGE PLATFORM

Diligent Capital Partners is delighted to announce an additional investment into Preply, bringing the total contribution over Series B and C to $15 million. This infusion of capital will advance Preply’s mission to make language learning more accessible and engaging for users worldwide, further establishing its position as an online language education market leader. Diligent invested in Preply along its development path from as early as the angel round to Series C. The recent investment reflects DCP’s mission to support Ukrainian tech founders in building world-class businesses.

Preply’s innovative approach to language learning, which combines artificial intelligence with personalised tutoring, exemplifies the kind of transformative impact DCP seeks to support. It showcases how digital innovation is reshaping traditional sectors. With a robust platform that seamlessly matches learners with the ideal tutors for their educational journey, Preply is set to redefine how languages are mastered in a digital era.

Diligent Capital Partners is a private equity fund manager that focuses on export-oriented businesses, agribusiness, and technology.

Preply is an online language learning marketplace connecting tutors to hundreds of thousands of learners in 180 countries worldwide. More than 35,000 tutors teach over 50 languages, powered by a machine-learning algorithm recommending the best tutors for each learner. Founded in the United States in 2012 by three Ukrainian founders, Kirill Bigai, Serge Lukyanov, and Dmytro Voloshyn, Preply has grown from a team of 3 to a company of more than 600 employees of 60 different nationalities with offices in Barcelona, New York, and Kyiv.