EdTech platform Preply reaches $1.2 billion valuation after tender offer
EdTech platform Preply completed its first tender offer for employees, resulting in a company valuation of $1.2 billion. This was a significant milestone for the online language learning company.
As part of the tender offer, Preply implemented a share buyback program for employees. According to CEO and co-founder Kirill Bigai, this allowed team members to gain liquidity, recognizing their contribution to the company’s growth. Founded in 2012 by Ukrainians Kirill Bigai, Dmytro Voloshyn, and Serhiy Lukyanov, the platform aims to provide quality education on a global scale. The idea for Preply came from Bigai’s personal experience taking English lessons from a teacher in Texas.
In January 2026, Preply successfully raised $150 million in a Series D funding round led by the investment firm WestCap. Other investors included EBRD and Horizon Capital with the assistance of Goldman Sachs International. The funds are planned to be invested in the development of artificial intelligence technologies, as well as in expanding the team and product range.
After the Series C round, Preply increased the number of available tutors by more than three times and added 40 new languages to its program. Recently, the company achieved a positive EBITDA, indicating stable financial health.
| Year | Event | Funds Raised (million $) | Main Investors |
|---|---|---|---|
| 2026 | Closure of Series D | 150 | WestCap, EBRD, Horizon Capital |
| 2023 | Tender offer | – | Equivalent valuation of $1.2 billion |
