DILIGENT CAPITAL PARTNERS PARTICIPATES IN THE $50 MILLION SERIES C INVESTMENT IN PREPLY

DCP has invested in Preply, a language tutoring marketplace for individuals and companies, as part of a $50 million Series C investment round. To date, Preply has already raised more than $100 million in several rounds, and Diligent Capital participated in most of them. DCP team is proud of the achievements of Preply, which grew from a Ukrainian startup to a global leader and created a product that makes better education accessible on all continents.

Silicon Valley VC Owl Ventures led the Series C round with the support of Preply’s long-time backers, Hoxton Ventures and Educapital, and new investors: Swisscom Ventures and Orbit Capital.

With the new investment, Preply plans to accelerate growth and expand operations, especially in the B2B segment.

Dan Pasko, DCP’s Co-Managing Partner, was interviewed by Itkey.media, where he shared DCP’s history with Preply and commented on the Series C investment.

NOTES: a global market leader among marketplaces for online languages learning, Preply connects those learning a foreign language to online tutors, using machine learning to achieve the best match. Twenty-four languages are covered from English (more than 18,376 tutors), to Chinese (2,131 teachers), Arabic (981 teachers), Korean, Hebrew and even Urdu (373, 74 and 102, respectively, as of March 2021).

Diligent Capital Partners is a private equity fund manager with a focus on export-orientated business, agribusiness, and technology.